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FVRR - Fiverr International News Story

$226.65 -2.5  -1.1%

Last Trade - 09/04/21

Sector
Technology
Size
Large Cap
Market Cap £5.93bn
Enterprise Value £5.83bn
Revenue £138.2m
Position in Universe 1048th / 6827

BUZZ-Peloton shares backpedal after UBS downgrades to 'sell'

Tue 19th January, 2021 3:49pm
** Shares of fitness co Peloton Interactive Inc  PTON.O  slide
5.4% to $149.31 on Tues after UBS downgrades to "sell"
    ** Short-term risks for PTON are "skewed to the downside
from current levels" given tougher comps ahead and potential for
challenges in supply and operation amid high demand for co's
products, UBS analysts write
    ** Over past yr, PTON has surged ~370%. Tues move sends
stock below 20-DMA
    ** UBS raised its PT on PTON to $124 from $115. Still, PT
~17% below current price
    ** PTON's recent acquisition of Precor, however, could help
it exceed projections for revenue growth if it quickly ramps
business-to-business sales, UBS says  urn:newsml:reuters.com:*:nL4N2J13Y9
    ** In addition to PTON, UBS also downgraded online pet
supply co Chewy Inc  CHWY.N  and online freelancer marketplace
Fiverr International Ltd  FVRR.N  to "sell"
    ** Like PTON, CHWY and FVRR are "emblematic of a market that
values growth over any semblance of valuation that can be
justified on a multiple yr view based on our fundamental
analysis," UBS says
    ** FVRR tumbles 8.5%, CHWY falls 1.2%
    ** FVRR has climbed more than 800% in past yr, while CHWY
has jumped ~264%

 ((April.Joyner@thomsonreuters.com; +1 332 219 1695; Reuters
Messaging: april.joyner.thomsonreuters.com@reuters.net; Twitter:
@aprjoy))
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