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

Key Points

• Fiverr saw unusually heavy call-option activity, with investors purchasing 3,090 contracts—131% above the typical volume of 1,338.
• Fiverr shares fell 1.2% to $8.38, near their 52-week low of $8.31. The company reported quarterly EPS of $0.50 and revenue of $97.78 million.
• Analyst sentiment remains cautious: 11 analysts rate the stock Hold and one rates it Sell, producing a consensus “Reduce” rating despite a $11.94 average price target.

Fiverr International (NYSE:FVRR - Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock investors purchased 3,090 call options on the company. This represents an increase of 131% compared to the typical volume of 1,338 call options.

Fiverr International Stock Down 1.2%

Shares of FVRR stock traded down $0.10 during trading hours on Friday, reaching $8.38. 170,510 shares of the company's stock were exchanged, compared to its average volume of 964,284. Fiverr International has a fifty-two week low of $8.31 and a fifty-two week high of $23.85. The stock has a market capitalization of $301.44 million, a P/E ratio of 10.36 and a beta of 1.51. The business has a fifty day moving average price of $8.88 and a 200-day moving average price of $9.94.

Fiverr International (NYSE:FVRR - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.50 earnings per share for the quarter. The company had revenue of $97.78 million during the quarter. Fiverr International had a return on equity of 16.14% and a net margin of 7.18%. As a group, research analysts expect that Fiverr International will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Altshuler Shaham Ltd boosted its stake in Fiverr International by 400.0% during the first quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company's stock worth $50,000 after buying an additional 4,000 shares in the last quarter. Amundi bought a new position in shares of Fiverr International during the 1st quarter worth about $105,000. Maxi Investments CY Ltd acquired a new position in Fiverr International in the second quarter worth about $111,000. Independent Financial Group LLC bought a new position in Fiverr International during the first quarter worth about $131,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Fiverr International during the 1st quarter worth approximately $252,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wall Street Zen downgraded Fiverr International from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Scotiabank cut shares of Fiverr International from a "sector outperform" rating to a "sector perform" rating and set a $10.00 price objective for the company. in a research note on Thursday, July 30th. JPMorgan Chase & Co. decreased their price objective on shares of Fiverr International from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Thursday, October 15th. Zacks Research upgraded shares of Fiverr International from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Finally, Oppenheimer downgraded shares of Fiverr International from an "outperform" rating to a "market perform" rating in a report on Thursday, July 30th. Eleven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Fiverr International has a consensus rating of "Reduce" and a consensus target price of $11.94.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individual customers with freelancers offering digital services. The platform covers categories such as graphic design, digital marketing, writing and translation, video and animation, programming and technology, music and audio, business services, and consulting.

Fiverr's marketplace is designed to support transactions between buyers and sellers, including service discovery, communication, payments, and delivery.

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