Fiverr International (FVRR) ended the recent trading session at $28.19, demonstrating a -1.98% swing from the preceding day's closing price. This change lagged the S&P 500's 0.06% loss on the day. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.The online marketplace for freelance services's shares have seen an increase of 5.66% over the last month, surpassing the Retail-Wholesale sector's gain of 1.86% and the S&P 500's gain of 3.36%.Analysts and investors alike will be keep ...

NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Fiverr (NYSE:FVRR), the company that is changing how the world works together, announces its Winter Product Release, the first of two major releases in 2024. This is more than just an update; it's an innovative response to the feedback from the freelancers and businesses Fiverr has served over the last 14 years. New features include a Consulting Category of top-tier industry experts, the introduction of Fiverr Agencies, designed to meet the unique needs of agency ...

In the dynamic landscape of the stock market, identifying small-cap stocks with the potential to ascend to mega-cap status is akin to finding quasars in space. The article explores three promising contenders for 2024 and beyond. It delves into the strategic maneuvers and financial dynamics propelling these companies. These companies are demonstrating robust revenue growth and a growing revenue split coupled with margin advantage. Read more to uncover the distinctive strategies and financial strengths that s ...

With the S&P 500 index recently hitting a new all-time high, we can officially declare that we are in a bull market. While that's exciting news, it doesn't change the blueprint of success for long-term investors. The plan remains to pick out stocks to hold on to for a while, stocks that can perform well in good times and stay in one piece during bad times.For investors in search of such companies, let's consider two excellent candidates: Merck (MRK 0.57%) and Fiverr (FVRR 0.57%). Read on to find out why the ...

Fiverr International (FVRR) closed at $27.84 in the latest trading session, marking a -1.94% move from the prior day. This move lagged the S&P 500's daily gain of 0.29%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, added 0.43%.The online marketplace for freelance services's stock has climbed by 0.64% in the past month, exceeding the Retail-Wholesale sector's gain of 0.4% and lagging the S&P 500's gain of 2.08%.Analysts and investors alike will be keeping a close eye on the performance ...

NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE:FVRR), the company that is changing how the world works together, today announced it will release fourth quarter and full year financial results for the period ended December 31, 2023, before the market opens on Thursday, February 22, 2024. On that day management will hold a conference call and webcast at 8:30 a.m. ET to discuss the Company's business and financial results. Prior to its conference call, Fiverr will issue a press rel ...

Shares of freelance marketplace Fiverr International (FVRR 4.98%) jumped higher on Friday after getting a vote of confidence from a prominent analyst. As of noon ET, Fiverr stock is up only about 5%, but it was up almost 11% earlier in the day.Is Fiverr worth the risk here?Goldman Sachs analyst Eric Sheridan upgraded his outlook for Fiverr stock today, according to StreetInsider. The analyst believes the stock is a buy, and he gave it a price target of $43 per share, which represents approximately 66% upsid ...

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE:FVRR), the company changing how the world works together, announced today the twelve founders selected to participate in the third annual Future Collective Business Accelerator Program. The Future Collective is an accelerator designed for early-stage U.S. and Canada-based Black entrepreneurs at pivotal moments in their business journey. Each founder will receive funding, coaching, and tools to scale and grow their business. Fiverr h ...

The traditional economy and workplace continues to evolve. The results of that transition are very evident in the gig economy. The gig economy itself has grown rapidly reaching a value of more than $455 billion last year. More and more workers are shunning the typical 9 to 5 office job. It is expected that more than 50% of the U.S. workforce will be employed in the gig economy by 2027. Further, the gig economy is expanding approximately three times as fast as the total workforce. In short, expect freelancin ...

Revenue and Financial Performance - Revenue in Q3 2023 was $92.5 million, a 12.1% increase year over year from $82.5 million in Q3 2022[5] - Q4 2023 revenue is projected to be between $88.1 million and $95.1 million, with a year-over-year growth of 6% to 14%[7] - FY 2023 revenue guidance is maintained at $358.0 - $365.0 million, with a year-over-year growth of 6% to 8%[7] - GAAP net income for Q3 2023 was $3.0 million, compared to a net loss of $11.4 million in Q3 2022[5] - Net income for Q3 2023 was $3.025 million, compared to a net loss of $11.350 million in Q3 2022[16] - Non-GAAP net income for Q3 2023 was $22.636 million, compared to $8.628 million in Q3 2022[21] - Non-GAAP diluted net income per share for Q3 2023 was $0.55, up from $0.21 in Q3 2022[21] Adjusted EBITDA and Margins - Adjusted EBITDA for Q3 2023 was $16.5 million, with an Adjusted EBITDA margin of 17.9%, compared to $6.6 million and 7.9% in Q3 2022[5] - Fiverr raised its FY 2023 Adjusted EBITDA guidance to $58.0 - $60.0 million, representing a midpoint margin of 16.3%[3] - Adjusted EBITDA for Q3 2023 was $16.533 million, with a margin of 17.9%, up from $6.554 million and 7.9% in Q3 2022[22] - Non-GAAP gross margin improved to 85.2% in Q3 2023 from 82.8% in Q3 2022[20] - Management uses non-GAAP metrics like Adjusted EBITDA and Adjusted EBITDA margin to evaluate operating performance and plan for business expansion[28][29] - The company cannot provide a reconciliation of Adjusted EBITDA and Adjusted EBITDA margin guidance for Q4 2023 and fiscal year 2023 due to unpredictable items like share-based compensation and exchange rate income/loss[32] Active Buyers and Spend Metrics - Active buyers remained stable at 4.2 million as of September 30, 2023, unchanged from the same period in 2022[5] - Annual active buyers decreased slightly to 4.164 million in 2023 from 4.249 million in 2022[18] - Spend per buyer (SPB) increased to $271 in Q3 2023, up 4% from $262 in Q3 2022[5] - Annual spend per buyer increased to $271 in 2023 from $262 in 2022[18] - Active buyers are defined as those who have ordered a Gig or other services on the platform within the last 12-month period, regardless of cancellations[27] - Spend per buyer is calculated by dividing GMV within the last 12-month period by the number of active buyers as of that date[27] Take Rate and Seller Plus - Take rate rose to 31.3% in Q3 2023, up 130 basis points from 30.0% in Q3 2022[5] - Seller Plus subscribers reached 25,000, contributing to the take rate expansion[3] - Take rate is calculated as revenue for a period divided by GMV for the same period[27] Cash Flow and Operating Activities - Net cash provided by operating activities in Q3 2023 was $23.399 million, up from $5.706 million in Q3 2022[16] Expenses and Compensation - Share-based compensation expenses totaled $17.557 million in Q3 2023, slightly down from $17.612 million in Q3 2022[16] - Non-GAAP research and development expenses decreased to $17.067 million in Q3 2023 from $16.927 million in Q3 2022[24] GMV and Platform Metrics - GMV (Gross Merchandise Value) is defined as the total value of transactions ordered through the platform, excluding VAT, GST, service chargebacks, and refunds[27] Forward-Looking Statements and Risks - Forward-looking statements include expectations for Q4 2023 and fiscal year 2023 financial performance, long-term Adjusted EBITDA margin goals, and AI service developments[33] - Risks to forward-looking statements include political and economic instability, competition, data security, and international expansion challenges[33]