Fiverr International logo

FVRR - Fiverr International News Story

$208.62 -3.4  -1.6%

Last Trade - 20/04/21

Sector
Technology
Size
Large Cap
Market Cap £5.44bn
Enterprise Value £5.34bn
Revenue £135.5m
Position in Universe 1095th / 6849

BUZZ-Fiverr International: MKM Partners downgrades to 'sell'

Tue 26th January, 2021 11:26am
** MKM Partners downgrades online marketplace for
freelancers Fiverr International  FVRR.N  to "sell" from
"neutral," saying co is trading at "feverish levels"
    ** Brokerage says FVRR is trading above historical peak of
any other internet marketplace in recent times, with valuation
currently exceeding pandemic winners such as Zoom Video
Communication  ZM.O  
    ** While FVRR's fundamentals are significantly stronger and
the brokerage is positive on co's long-term prospects and
business model potential, risk/reward is highly asymmetric at
current levels - MKM 
    ** Brokerage expects a normalization in FVRR's valuation
multiple over the near-term
    ** Brokerage raises PT to $185 from $145; Median PT of $190
    ** Avg rating among 9 analysts covering FVRR is "buy" -
Refinitiv Eikon data

 (Reporting by Aniruddha Chakrabarty)
 ((aniruddha.c.thomsonreuters.com@reuters.net))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.