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home / news releases / FVRR - Fiverr: Still Potential Downside Even After 40% Correction

FVRR - Fiverr: Still Potential Downside Even After 40% Correction

Fiverr International Ltd. no par value
  • Fiverr has been a clear beneficiary of the global pandemic as consumers have shifted to more freelance work than ever before.
  • The number of active buyers has quickly surpassed 4 million, though sequential growth has slowed in recent quarters.
  • Valuation still remains at a premium and assuming 35-40% growth through 2023, the stock trades at over 7x 2023 revenue.
  • A pullback below $100 would be more interesting, but for now, I remain on the sidelines.

For further details see:

Fiverr: Still Potential Downside Even After 40% Correction
Stock Information
Company Name: Fiverr International Ltd. no par value
Stock Symbol: FVRR
Market: NYSE
Website: fiverr.com
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