Online Freelance Name Ripe for Bear Notes

Fiverr shares have dropped about 78% year-over-year

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Fiverr International Ltd. (NYSE:FVRR) is the company behind one of the biggest online marketplaces for freelance services. FVRR's platform allows freelancers and companies to sell their services through “gigs.” Fiverr’s companies include ClearVoice, CreativeLive, Working Not Working, SLT Consulting, and Stoke Talent. At last glance, FVRR is trading down 10% at $37.56.

On May 17, the freelance marketplace company announced that Micha Kaufman, Chief Executive Officer, and Ofer Katz, President and Chief Financial Officer, will present at the upcoming on Monday, May 23.

Fiverr stock has decreased about 78% year-over-year and is down by 86% since peaking at a 52-week high of $262.90 last July. Additionally, shares of FVRR have dropped in price 67% year-to-date. The equity is also seeing overhead pressure at the descending 10-day moving average.

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The freelancing business holds a stable balance sheet with $323.3 million in cash and $387.88 million in total debt. Still, like most small-cap growth companies, Fiverr stock offers a high level of risk for investors. However, Fiverr stock’s reward potential is attractive given the business’ large market share in the online freelance industry. FVRR currently holds a strong position in a growing industry, with Upwork being the only significant competitor, making Fiverr stock an intriguing option for growth investors.

There looks to be plenty of room for downgrades and/or price-target cuts on the equity. This is per the five of nine covering brokerages that sport a "buy" or "strong buy" recommendation on the stock, as well as the average 12-month price-target price of $45.25, which sits at a 21% premium to current levels.

 

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