Fiverr International Shares Down 10% Despite Q4 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/FVRR'>Fiverr International Ltd. (NYSE:FVRR) </a>shares declined almost 10% on Friday, despite the company’s reported Q4 beat, raised guidance above the Street, while EBITDA outlook being below expectations.</p>
<p>According to the analysts at RBC Capital, the debate continues to lie around what long-term normalized growth rates and margins ought to look like, particularly in the context of investor perceptions of rising competitive intensity. </p>
<p>The analysts continue to believe the company has a long runway for growth in the underpenetrated freelancer TAM but with the stock trading at 6x EV/2023 revenue and normalized marketplace growth likely in the 20-25% range, investors are already generally fairly valuing the stock. The analysts lowered their price target on the company’s shares to $80 From $195, while reiterating their sector perform rating. </p>

NYSE:FVRR