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FVRR - Fiverr International News Story

$157.97 -8.7  -5.2%

Last Trade - 13/05/21

Sector
Technology
Size
Large Cap
Market Cap £4.25bn
Enterprise Value £4.20bn
Revenue £159.2m
Position in Universe 1238th / 6855

BUZZ-Fiverr International: Rises on Q4 rev. beat, higher forecast

Wed 19th February, 2020 12:41pm
** Shares of online marketplace for freelancers  FVRR.N 
rise 9.8% to $30.8 premarket — set to continue fifth straight
session of gains
    ** Company beats Q4 rev. est. and posts a
narrower-than-expected adj. loss as more buyers join its
platform
    ** Active buyers at the end of Q4 was 2.4 mln compared with
2 mln at the end of Dec. 2018
    ** Q4 rev. of $29.5 mln compared with est. of $28.7 mln and
adj. loss of 8 cents/shr compared with est. of 14 cents/shr -
Refinitiv Data
    ** Company also forecast Q1 rev. between $32 mln and $33 mln
compared with est. of $29.9 mln, and FY20 rev. in the range of
$139 mln to $141 mln compared with est. of $135.7 mln
    ** Current avg. rating is "buy"; median PT is $29.5 
    ** Stock has risen ~19% so far this year

 (Reporting by Ayanti Bera in Bengaluru)
 ((Ayanti.Bera@thomsonreuters.com; within U.S.+1 646 223 8780,
outside U.S. +91 80 6749 3401;))
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