Fiverr stock

fiverr stock

Should you buy Fiverr international (FVRR) in this market correction?

Concerns about high inflation and future interest rate hikes have sparked sell-offs in many richly valued stocks. In recent months, the stock market has not been kind to high-octane growth stocks. One of the hardest-hit tickers in this safety-craving market correction has been freelance-services specialist Fiverr International (NYSE: FVRR).

Is Fiverr stock a buy in 2021?

Fiverr stock has risen sharply since the IPO. Fiverr went public in 2019 and priced the IPO at $21 per share. The stock surged 90 percent on listing day and continued to rise in 2020 amid the rally in tech and growth names. However, the stock has fallen in 2021.

Is Fiverr being impacted by high-profile tech companies reporting earnings?

High-profile tech companies including Shopify (NYSE: SHOP), Nvidia, and Roblox have recently reported earnings and seen significant sell-offs, and the trend appears to be impacting Fiverr.

How did Fiverrs earnings beat estimates in Q1 2020?

Fiverr reported an earnings beat in the quarter. Fiverr reported revenues of $75.3 million in the quarter, which were up 60 percent over the same quarter in 2020. The earnings were also ahead of analysts’ estimates. The company’s non-GAAP EPS of $0.19 was also higher than the $0.14 that analysts were expecting.

Is Fiverr international (FVRR) stock a bad choice in the industry?

The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Zacks proprietary data indicates that Fiverr International is currently rated as a Zacks Rank 4 and we are expecting a below average return from the FVRR shares relative to the market in the next few months.

How did iverr international (FVRR) perform in the latest trading session?

F iverr International (FVRR) closed at $74.28 in the latest trading session, marking a -1.47% move from the prior day. This change lagged the S&P 500s 1.23% loss on the day. Meanwhile, the Dow lost 1.29%, and the Nasdaq, a tech-heavy index, lost 0.14%.

Is FVRR a good stock to buy for momentum investors?

The financial health and growth prospects of FVRR, demonstrate its potential to underperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.

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