- MKM Partners upgrades Fiverr International (FVRR -0.9%) to a Neutral rating after having it set at Sell on what it sees as a balanced risk-reward profile.
- Analyst Mohit Kulkarni: "We are tweaking our new fair value estimate to $245 from $260 based on a slightly lower target multiple. Our estimates remain unchanged, and we are using a premium fair value multiple of 22.5x (vs. previously at 24x '22E revenues), and implies a premium ~90x '23E EBITDA. Both are premium multiples across our coverage universe. Our model assumptions for 2022 are above Street estimates."
- Earlier today, Fiverr withdrew a follow-on share offering
Fiverr International called fairly valued by former bear
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Symbol | Last Price | % Chg |
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FVRR | - | - |
Fiverr International Ltd. |