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Fiverr International Ltd. (FVRR) operates an online marketplace worldwide.
Its platform enables sellers to sell their services and buyers to buy them.
The company's platform includes approximately 300 categories in eight verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, and lifestyle.
It also offer And.Co, a platform for online back office service to assist freelancers with invoicing, contracts and task management; Fiverr Learn, an online learning platform with original course content in categories such as graphic design, branding, digital marketing, and copywriting; and ClearVoice, a subscription based content marketing platform for medium to large businesses.
Its buyers include businesses of various sizes, as well as sellers comprise a group of freelancers and small businesses. Shares have formed a bullish "cup and handle" followng its recent earnings report. Fiverr International (FVRR) reported 2nd Quarter June 2020 earnings of $0.09 per share on revenue of $47.1 million. The consensus estimate was a loss of $0.07 per share on revenue of $36.3 million. Revenue grew 81.9% on a year-over-year basis.
The company said it expects third quarter revenue of $48.0 million to $49.0 million. The current consensus revenue estimate is $37.5 million for the quarter ending September 30, 2020. The company also said it expects 2020 revenue of $177.5 million to $179.5 million. The company's previous guidance was revenue of $145.5 million to $147.5 million and the current consensus estimate is revenue of $147.1 million for the year ending December 31, 2020.
Entry Point: $111.75
Trading Range: $17.11 - 126.33
Stop Loss: $106.50
Target Price: $122.90
FVRR closed at $123.10
