Fiverr Is My Newest Pick

[Singuy]

Where do you see TSLA, FVRR and AMD landing?

The guy is pretty accurate in his prediction as I see similar upside potential.

[LivingAlmostLarge]

Where do you see TSLA, FVRR and AMD landing?

[Singuy]

Just found this guy, what can I say..when his top 5 holding is 1. Tesla, 2 Fiverr, and 4 AMD...I like the guy..lol.

[jeffmem]

It seems a complete overreaction to nothing. When earnings come out, probably will drop more as some people take profits, and I suspect it is going to go up almost as fast as it came down. Netflix did the same thing for like 10-15 years before it was profitable. So... Fiverr in 20 years, hmmmm, I am hoping to get 1M out of it, but I don't have enough shares of it.

[Singuy]

Singuy has created a pool of FIVRR believers on this forum...LOL.

Fiverr is not a religion. It has a real head quarter with a real product making real money. The only thing you have to ask yourself is if 4 million active users is a point of saturation in a world with 4.6 billion internet users.

[james.hendrickson]

Singuy has created a pool of FIVRR believers on this forum...LOL.

[LivingAlmostLarge]

I still think Fvrr or any freelancing company is going to be the wave of the future. I think companies are going to look to shave labor costs and this is one of those ways. I'm in it for a long term bet. I will likely be buying more.

[amarowsky]

Holy cwap batman showing 24% drop today... down $55 landing at $175. (still love their products so far, I've made a few orders through their artists!)

[Singuy]

They took a loss of 37 cents a share. Isn't that usually a bad sign? I mean I get it that they're a growth stock, but they'll have to make money in the long run, otherwise, their shares will be worthless.

No Fiverr is profitable non gap at 19 cents. Most analysts don't look at Gaap profits as that factors in stock based compensation as an expense, which is just accounting and not a cash expense. Say you were rewarded 25 shares of fiverr as an employee this quarter, those 25 shares are considered as expense but is it really? So as long as non gap is positive, you are self sustaining.

Most look at gross profit which fvrr is at 83%. Meaning if fiverr stops advertising and always constantly reinvesting their revenue into new programs, fiverr will make that much money on their revenue. So as a growth company their numbers are great. Uber wish they can be as profitable as fvrr just a few years after IPO.

[james.hendrickson]

Their quarter was anything but bad. They beat revenue and EPS. Their guidance was soft (much like Amazon/Pintrest/Etsy) which all got immense negative reactions. All are claiming that there's a noticeable reduced screen time this upcoming quarter due to people being locked up for 18 months and now are free to go on vacations. Based on the conference call, the CFO/CEO are guiding on the side of caution, but fundamentally/organically growth is still intact. Growth for Q3 and Q4 will not be as strong as Q1 and Q2 of this year. I am pretty happy that their active users went from 2.6mil to 4 million YOY, and user expense increased as well.

They took a loss of 37 cents a share. Isn't that usually a bad sign? I mean I get it that they're a growth stock, but they'll have to make money in the long run, otherwise, their shares will be worthless.

[Singuy]

From SF Gate - they had a bad quarter.


Source: SFGate.

Their quarter was anything but bad. They beat revenue and EPS. Their guidance was soft (much like Amazon/Pintrest/Etsy) which all got immense negative reactions. All are claiming that there's a noticeable reduced screen time this upcoming quarter due to people being locked up for 18 months and now are free to go on vacations. Based on the conference call, the CFO/CEO are guiding on the side of caution, but fundamentally/organically growth is still intact. Growth for Q3 and Q4 will not be as strong as Q1 and Q2 of this year. I am pretty happy that their active users went from 2.6mil to 4 million YOY, and user expense increased as well.

[james.hendrickson]

From SF Gate - they had a bad quarter.

Fiverr: Q2 Earnings Snapshot

Aug. 5, 2021
TEL AVIV, Israel (AP) _ Fiverr International Lt. (FVRR) on Thursday reported a loss of $13.3 million in its second quarter.

The Tel Aviv, Israel-based company said it had a loss of 37 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 19 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The online marketplace for freelance services posted revenue of $75.3 million in the period.

For the current quarter ending in October, Fiverr said it expects revenue in the range of $68 million to $72 million.

The company expects full-year revenue in the range of $280 million to $288 million.

Fiverr shares have climbed 18% since the beginning of the year. The stock has more than doubled in the last 12 months.

_____

Source: SFGate.

[kork13]

What the hell happened to FVVR today? My God, down $48 even before the market opens!!! I am guessing it was there earnings reported released last night or today and it wasn't good. Wow.... Terrible

Wow!!! If this isn't a vast over-reaction to the earnings report & forecast, I don't know what is. I went ahead & put in an order for a few more shares at $175 (went through within minutes), and I added another couple orders at even lower prices, just in case the panic goes even further. No complaints from me. I'll sit & hold it for a good long while.

[jeffmem]

What the hell happened to FVVR today? My God, down $48 even before the market opens!!! I am guessing it was there earnings reported released last night or today and it wasn't good. Wow.... Terrible

[Singuy]

Yet Cathy Woods is piling on it, claiming an eventual $500K price target on BTC.

BTW, if last year wasn't a "bull market" (per you) or the years from 2016 to 2020 were not (when ARK funds' returns were spectacular), then when would be a bull market? That's a serious question. I am not trying to be sarcastic.

ARK Fund went into hyperdrive mode during the great tech rally due to covid crash. They picked the right companies that usually would get crushed harder when the s&p crashed 30% in a matter of 3 weeks. I'm just saying it's a bull market for her but not for everyone specifically in 2020. I would say ARK invest did poorly in some years like 2018. But it's a fund that find weakness and bets big so you expect some boom and bust. Bull and bear market doesn't have much influence on arkk.

Oh and also I don't agree with half of the companies ark invest in including btc though it has paid off for her. Many things I rather not risk my money in doesn't mean they wouldn't do well.