Investors Purchase High Volume of Fiverr International Put Options (NYSE:FVRR)

Fiverr International (NYSE:FVRR) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 3,204 put options on the company. This is an increase of 126% compared to the average volume of 1,415 put options.

Hedge Funds Weigh In On Fiverr International

Large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in Fiverr International by 26.7% during the third quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock valued at $65,666,000 after buying an additional 566,636 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Fiverr International by 18.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,380,046 shares of the company’s stock worth $40,450,000 after acquiring an additional 219,743 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Fiverr International by 16.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,077,797 shares of the company’s stock worth $31,612,000 after buying an additional 149,125 shares during the last quarter. Avory & Company LLC increased its stake in Fiverr International by 0.8% during the third quarter. Avory & Company LLC now owns 1,064,005 shares of the company’s stock valued at $25,972,000 after purchasing an additional 8,694 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Fiverr International by 4.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 840,575 shares of the company’s stock worth $20,518,000 after purchasing an additional 35,841 shares during the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Fiverr International Stock Performance

Shares of Fiverr International stock traded down $0.04 on Tuesday, hitting $19.67. The stock had a trading volume of 865,692 shares, compared to its average volume of 732,540. The stock has a market cap of $704.79 million, a price-to-earnings ratio of 33.33 and a beta of 1.28. The company’s 50 day moving average price is $21.14 and its 200 day moving average price is $23.61. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05. Fiverr International has a 52-week low of $19.35 and a 52-week high of $35.45.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. The company had revenue of $107.90 million for the quarter, compared to analysts’ expectations of $107.88 million. Fiverr International had a net margin of 5.23% and a return on equity of 13.53%. Fiverr International’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. On average, research analysts anticipate that Fiverr International will post 1.04 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on FVRR shares. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 target price on shares of Fiverr International in a research report on Tuesday, September 16th. Weiss Ratings assumed coverage on Fiverr International in a report on Saturday, November 1st. They issued a “sell (d+)” rating for the company. BTIG Research upgraded shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, September 19th. Oppenheimer decreased their price target on Fiverr International from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 16th. Finally, Zacks Research raised Fiverr International from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Fiverr International presently has an average rating of “Moderate Buy” and an average price target of $32.60.

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.