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FVRR - Fiverr International News Story

$208.62 -3.4  -1.6%

Last Trade - 20/04/21

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)
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