Online Freelance Name Ripe for Bear Notes

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

facebook X logo linkedin


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.

FVRRchartw10ma

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.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI