Traders Buy Large Volume of Fiverr International Put Options (NYSE:FVRR)

Fiverr International (NYSE:FVRR) saw unusually large options trading activity on Thursday. Traders acquired 5,599 put options on the stock. This represents an increase of 140% compared to the average volume of 2,335 put options.

Analyst Ratings Changes

A number of research firms have issued reports on FVRR. Roth Mkm downgraded Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a research note on Thursday, February 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price objective (down from $30.00) on shares of Fiverr International in a research report on Thursday, February 19th. Zacks Research lowered Fiverr International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group decreased their target price on Fiverr International from $44.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Finally, Wall Street Zen raised Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.30.

Fiverr International Price Performance

Shares of Fiverr International stock traded up $1.10 during midday trading on Thursday, reaching $10.72. The company had a trading volume of 1,672,083 shares, compared to its average volume of 1,161,864. Fiverr International has a 1-year low of $9.58 and a 1-year high of $30.66. The company has a market capitalization of $385.38 million, a price-to-earnings ratio of 13.89 and a beta of 1.41. The stock has a fifty day simple moving average of $10.65 and a 200 day simple moving average of $13.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 EPS for the quarter. The business had revenue of $105.49 million during the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. As a group, equities research analysts forecast that Fiverr International will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

A number of institutional investors have recently modified their holdings of FVRR. Segall Bryant & Hamill LLC purchased a new position in shares of Fiverr International in the first quarter worth approximately $252,000. Altshuler Shaham Ltd grew its holdings in shares of Fiverr International by 400.0% in the first quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock worth $50,000 after purchasing an additional 4,000 shares during the last quarter. Amundi purchased a new stake in Fiverr International in the first quarter worth about $105,000. Engine Capital Management LP lifted its position in shares of Fiverr International by 78.4% during the first quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock valued at $13,413,000 after buying an additional 588,220 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its holdings in shares of Fiverr International by 5.3% during the first quarter. Rice Hall James & Associates LLC now owns 304,628 shares of the company’s stock valued at $3,052,000 after acquiring an additional 15,331 shares in the last quarter. 59.00% of the stock is owned by hedge funds and other institutional investors.

About Fiverr International

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.