Fiverr Is My Newest Pick

[disneysteve]

Do you think it'll reach to $400 this year?

Considering it briefly dipped below $200 less than 3 weeks ago and it's now $300, who knows?

[CHH1023]

$300 today. I can’t believe it’s up $82/share in just 16 days since I bought more on that last dip.

Do you think it'll reach to $400 this year?

[disneysteve]

$300 today. I can’t believe it’s up $82/share in just 16 days since I bought more on that last dip.

[Singuy]

Lol apparently fiverr's Superbowl commercial won the internet. Now my investment movie is complete. 4 completely different companies (movie plot) at the end intertwine with each other.

Tesla uses Shopify as their website platform. The newest model S/X uses Amd hardware for gaming. Fiverr used a mini cybertruck to win the super bowl.

[jeffmem]

Every hyper growth stock needs to visit the 50 days moving average a few times a year. It's the right of passage. This is the way.

It looks like like FVRR has done that multiple times, so this is good to know. Each time it has dropped I have bought more. around 112, around 136 around 220. I now have 195 shares with an avg cost of 108. The problem now is that this one stock accounts for 19% of my total portfolio at current value. I think I cannot buy anymore.

[Singuy]

Every hyper growth stock needs to visit the 50 days moving average a few times a year. It's the right of passage. This is the way.

[disneysteve]

And less than a week later it is nearly all time highs again. lol. I am curious when and if you guys think FVRR will split, or give dividends? I am guessing there will be no dividends and it is probably better they don't. But I wondering at what point this company may feel it is time to split?

Yes they’ve recovered nicely. I’m glad I took a chance and bought more on the dip ($218).

As for splitting, as long as the shares are actively trading, there’s no need or benefit. Stocks split when liquidity becomes an issue.

[jeffmem]

And less than a week later it is nearly all time highs again. lol. I am curious when and if you guys think FVRR will split, or give dividends? I am guessing there will be no dividends and it is probably better they don't. But I wondering at what point this company may feel it is time to split?

[disneysteve]

Meanwhile, despite the WSB nonsense, FVRR has recovered a bit. It's around $220 currently.

[Singuy]

The market is a little wonky from all the wall street bet fiasco. But nice to know the stock didn't breach the 50 days moving average which means trend is still bullish.

[jeffmem]

LOL Singuy, no kidding right. lol. Sad to see it drop so much in just a few days though because of all the negative news, but... it gave me another buying opportunity as I can see how much it can climb, and it did climb awefully fast. I now have 195 shares, but my average price is 108, but... that extra 15 shares will be a nice profit someday years later. I might buy a bit more too, but it is starting to get up there and a huge portion of my portfolio, so I gotta lay off.

[Singuy]

Three news agencies have now given Fiveer the thumbs down..... Sad....

Fiverr Stock Is a High Flier Set to Come Down, Says Analyst -- Barrons.com


11:56 am ET January 26, 2021 (Dow Jones) Print

By Eric J. Savitz
Shares of the online-freelancing platform Fiverr International had a stunning rally in 2020, appreciating 730% as the company's business got a lift from the Covid-19 pandemic -- and the stock has continued to levitate in 2021. But in the view of at least one analyst, enough is enough.

MKM Partners analyst Rohit Kulkarni on Tuesday cut his rating on Fiverr (ticker: FVRR) stock to Sell from Neutral, even as he lifted his price target to $185 -- still below the current market price -- from $145. The analyst has been generally bullish on Fiverr's business, and points out that his earnings and sales estimates are above Street estimates. But he thinks the valuation has reached extreme, unsustainable levels.

Kulkarni notes that as of Monday's close, Fiverr was trading at 36 times his 2021 revenue estimate, "above historical peak of any other internet marketplace in recent times." He notes that Fiverr's valuation now exceeds that of Zoom Video Communications (ZM) and other pandemic-era winners.

"We believe Fiverr's fundamentals are significantly stronger as the pandemic has accelerated the secular shift to online freelancing," he writes. "We are positive on Fiverr's long-term prospects and business model potential. However, shares are trading at feverish valuation levels."

He notes that while Fiverr trades at about 27 times estimated 2022 revenue, while other online businesses such as Match Group (MTCH), Chegg (CHGG), and Etsy (ETSY) trade between 12 times and 15 times estimated 2022 revenue. He notes that software-as-service companies tend to trade in the 25-to-30 times sales range -- but he contends the SaaS companies have better revenue quality compared with a transaction-driven two-sided market such as Fiverr.

Kulkarni notes that he looked back to the bubble period of 20 years ago to find any companies with comparable valuations. He reports that Booking Holdings (BKNG) and eBay (EBAY) both briefly topped 35 times sales. Amazon.com (AMZN) never traded above 30 times. Twitter (TWTR) did briefly, but then corrected sharply. "All in, comparing 1999-2000 to today's valuation levels has several caveats, however, we think there's extreme optimism baked into certain stock prices today, and premium valuation multiples imply a razor-thin margin of error for those companies," he writes.

Always volatile, Fiverr stock is down 5.3% to $223.07 in Tuesday trading. After last year's astonishing rally, the stock appreciated another 38% before peaking at $270.05 at the close on Jan. 14. The stock is still up 14% for the year to date.

Write to Eric J. Savitz at eric.savitz@barrons.com


(END) Dow Jones Newswires
January 26, 2021 11:56 ET (16:56 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.

Lol okay. Stock goes up, stock goes down. Thanks barron.

[Singuy]

And just like that it bounced off 50 days moving average.

[jeffmem]

Three news agencies have now given Fiveer the thumbs down..... Sad....

Fiverr Stock Is a High Flier Set to Come Down, Says Analyst -- Barrons.com


11:56 am ET January 26, 2021 (Dow Jones) Print

By Eric J. Savitz
Shares of the online-freelancing platform Fiverr International had a stunning rally in 2020, appreciating 730% as the company's business got a lift from the Covid-19 pandemic -- and the stock has continued to levitate in 2021. But in the view of at least one analyst, enough is enough.

MKM Partners analyst Rohit Kulkarni on Tuesday cut his rating on Fiverr (ticker: FVRR) stock to Sell from Neutral, even as he lifted his price target to $185 -- still below the current market price -- from $145. The analyst has been generally bullish on Fiverr's business, and points out that his earnings and sales estimates are above Street estimates. But he thinks the valuation has reached extreme, unsustainable levels.

Kulkarni notes that as of Monday's close, Fiverr was trading at 36 times his 2021 revenue estimate, "above historical peak of any other internet marketplace in recent times." He notes that Fiverr's valuation now exceeds that of Zoom Video Communications (ZM) and other pandemic-era winners.

"We believe Fiverr's fundamentals are significantly stronger as the pandemic has accelerated the secular shift to online freelancing," he writes. "We are positive on Fiverr's long-term prospects and business model potential. However, shares are trading at feverish valuation levels."

He notes that while Fiverr trades at about 27 times estimated 2022 revenue, while other online businesses such as Match Group (MTCH), Chegg (CHGG), and Etsy (ETSY) trade between 12 times and 15 times estimated 2022 revenue. He notes that software-as-service companies tend to trade in the 25-to-30 times sales range -- but he contends the SaaS companies have better revenue quality compared with a transaction-driven two-sided market such as Fiverr.

Kulkarni notes that he looked back to the bubble period of 20 years ago to find any companies with comparable valuations. He reports that Booking Holdings (BKNG) and eBay (EBAY) both briefly topped 35 times sales. Amazon.com (AMZN) never traded above 30 times. Twitter (TWTR) did briefly, but then corrected sharply. "All in, comparing 1999-2000 to today's valuation levels has several caveats, however, we think there's extreme optimism baked into certain stock prices today, and premium valuation multiples imply a razor-thin margin of error for those companies," he writes.

Always volatile, Fiverr stock is down 5.3% to $223.07 in Tuesday trading. After last year's astonishing rally, the stock appreciated another 38% before peaking at $270.05 at the close on Jan. 14. The stock is still up 14% for the year to date.

Write to Eric J. Savitz at eric.savitz@barrons.com


(END) Dow Jones Newswires
January 26, 2021 11:56 ET (16:56 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.

[parafly]

Bought more on the dip today at $215.