Concerns about a growth slowdown triggered a sell-off in Fiverr stock. Several other companies including FAANG names like Facebook, Amazon, and Netflix have provided soft guidance because the boom of 2020 isn't sustainable for a lot of companies. Article continues below advertisement
Why did Fiverr stock fall 14% today?
Aug 05, 2021 · Shares of online marketplace for freelancers Fiverr ( FVRR -0.69% ) dropped as much as 24.8% in trading on Thursday after reporting second-quarter 2021 financial results. Shares are down 23.2% at ...
What does Fiverr do?
Mar 04, 2021 · What happened. Fiverr International ( FVRR 8.40% ) just pulled its stock offering, and investors don't seem to like what that might imply. Meanwhile, the online marketplace for freelance services ...
Who are the underwriters of the Fiverr IPO?
Aug 05, 2021 · It seems that the decline for Fiverr and Upwork are closer to "Market Moves", than moves related to company performance. A more plausible explanation would be that the Market (large marginal...
What is Fiverr international's net margin and return on equity?
Aug 06, 2021 · By Mohit Oberoi, CFA. Aug. 6 2021, Published 3:42 p.m. ET. Fiverr (FVRR) stock fell over 24 percent on Aug. 5 and was among the biggest losses of …
Will Fiverr stock recover?
That's due to its huge expansion efforts, but it's likely become profitable as it scales. There's definitely risk involved, but Fiverr stock should rebound in 2022 and offer gains for investors.Jan 7, 2022
What happened to fiverr International?
What happened. Shares of Fiverr International (NYSE:FVRR) fell by 25% in January, according to data provided by S&P Global Market Intelligence. The freelancer platform has seen its shares shrivel by around 70% over the past year, falling from around $280 to $85.Feb 7, 2022
Is Fiverr a buy or sell?
Fiverr International has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Why did Fiverr stock go up?
Earnings and guidance were ahead of expectations. Fiverr International (FVRR +6.4%) soared after the company reported Q4 revenue and EPS ahead of estimates. Active buyers increased 24% during the quarter to 4.2M and spend per buyer rose 18% to $242.Feb 17, 2022
Where can I buy Fiverr stock?
on Stash. , you can buy Fiverr International Ltd. stock in any dollar amount, or any other fund or stock you know on Stash.
Is Fiverr undervalued?
However, at the moment, Fiverr stock is fairly costly from a forward price-to-sales ratio perspective – even at its current price, which is significantly lower than its February high. Most analysts agree that Fiverr stock is not undervalued – and if anything, it might be overvalued.
Who owns Fiverr stock?
Top 10 Owners of Fiverr International LtdStockholderStakeShares ownedBlackRock Advisors LLC5.77%2,122,125SRS Investment Management LLC4.64%1,706,954Sands Capital Management LLC4.37%1,607,982Allianz Global Investors U.S. LLC3.53%1,298,2966 more rows
Is Fiverr stock overvalued?
At a 96.58x forward price to earnings ratio, FVRR remains extremely overvalued. With an estimated fair value at around $36, I rate FVRR as a sell until its current $75 price per share can recede to reasonable levels.Mar 28, 2022
Is it a good time to buy Fiverr?
The U.S. freelancing market alone is reported to be worth above $800 billion. And Fiverr estimates that its addressable market opportunity is over $100 billion and growing. In my opinion, there's no better time to go freelance. Fiverr expects its business to have grown over 50% during the fiscal year 2021.Jan 6, 2022
Is Fiverr stock profitable?
Fiverr stock has fallen 54% from its all-time high set in mid-February. Fiverr's revenue soared 68% over the past year, but its net loss has widened. The freelance platform market is expected to grow at 15% per year through 2026.Nov 27, 2021
Why is Upwork stock down?
What happened. Shares of Upwork ( UPWK -5.15% ) stock tumbled nearly 10% on Monday after the freelance worker marketplace announced that it will suspend doing business in Russia and Belarus and is withdrawing its financial guidance both for the first quarter of 2022 and for all of fiscal 2022.Mar 7, 2022
Fiverr pulls its stock offering -- and spooks the market
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Fiverr International ( NYSE:FVRR) just pulled its stock offering, and investors don't seem to like what that might imply. Meanwhile, the online marketplace for freelance services just won a stock upgrade on Wall Street, but one that comes with a surprisingly lower price target. At 3 p.m. EST on Thursday, Fiverr stock was down 7.3%.
So what
Fiverr investors got a couple of pieces of news today. The less significant one came this morning, when analysts at MKM Partners announced they are upgrading Fiverr shares from sell to neutral. Fiverr's business has seen employers spending more on ads to hire freelancers, and more freelancers are accepting the jobs offered.
Now what
And that may be the worst news of all for investors. If Fiverr can't find enough new investors willing to pay 615 times projected 2022 earnings for Fiverr stock this week, maybe that valuation is as overpriced as it sounds.
Fiverr stock has risen sharply since the IPO
Fiverr went public in 2019 and priced the IPO at $21 per share. The stock surged 90 percent on listing day and continued to rise in 2020 amid the rally in tech and growth names. However, the stock has fallen in 2021.
Fiverr reported an earnings beat in the quarter
Fiverr reported revenues of $75.3 million in the quarter, which were up 60 percent over the same quarter in 2020. The earnings were also ahead of analysts’ estimates. The company’s non-GAAP EPS of $0.19 was also higher than the $0.14 that analysts were expecting.
What happened to Fiverr stock?
Concerns about a growth slowdown triggered a sell-off in Fiverr stock. Several other companies including FAANG names like Facebook, Amazon, and Netflix have provided soft guidance because the boom of 2020 isn't sustainable for a lot of companies.
Fiverr stock forecast
According to the data compiled by MarketBeat, Fiverr has an average target price of $231.33, which is a premium of almost 30 percent over the current prices. The stock has six buy ratings, one hold rating, and one sell rating.
