Traders Purchase Large Volume of Call Options on Fiverr International (NYSE:FVRR)

Fiverr International Ltd. (NYSE:FVRR) saw some unusual options trading activity on Wednesday. Investors acquired 3,178 call options on the company. This represents an increase of approximately 109% compared to the typical volume of 1,519 call options.

Fiverr International Stock Up 16.3 %

Shares of NYSE FVRR opened at $29.16 on Thursday. The stock has a market capitalization of $1.13 billion, a PE ratio of 132.55 and a beta of 1.71. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.44. Fiverr International has a 12-month low of $18.83 and a 12-month high of $32.68. The stock’s fifty day simple moving average is $24.49 and its two-hundred day simple moving average is $23.62.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $94.66 million for the quarter, compared to the consensus estimate of $94.69 million. Fiverr International had a return on equity of 5.67% and a net margin of 3.17%. As a group, analysts expect that Fiverr International will post 0.57 EPS for the current fiscal year.

Institutional Trading of Fiverr International

A number of institutional investors have recently modified their holdings of FVRR. Van ECK Associates Corp raised its stake in shares of Fiverr International by 18.4% during the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after acquiring an additional 2,208 shares in the last quarter. Swedbank AB acquired a new stake in shares of Fiverr International in the 1st quarter worth $400,000. Shaker Investments LLC OH purchased a new position in Fiverr International during the 3rd quarter worth $552,000. California State Teachers Retirement System increased its position in Fiverr International by 9.5% during the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after buying an additional 3,095 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Fiverr International by 21.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after buying an additional 7,307 shares during the last quarter. 59.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Roth Mkm restated a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a report on Wednesday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.30.

About Fiverr International

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.