Fiverr Stock Dips After 420% Climb, Is FVRR A Buy?

Fiverr Stock Chart

Fiverr stock (FIVERR) explodes at over 420% year to date compared to 2% for the S&P 500. The rise is because of the increased focus on remote work, which has catapulted Fiverr’s revenue 82% to $47.1 million. The massive increase was driven by a 28% YOY increase in active users/buyers of remote freelance services, 2.8 million, and an impressive 18% rise in average spend per buyer.

For those that don’t know, Fiverr International (NYSE: FVRR) is a popular e-commerce platform that enables people to buy and sell digital services. Many people turn to Fiverr to engage freelance artists, musicians, writers, and other creative professionals to meet their creative needs.

Most recently, Fiverr International Ltd. (NYSE: FVRR) reported quarterly revenue of $34.15 billion, a 43.70% increase. FVRR shares had risen rapidly since its IPO in June 2014. The publicly-traded organization’s revenue for the quarter was $255,544 per employee, while its income was $81,554 per employee. The company’s gross margin is 79.20%, the pre-tax margin 31.17%, and the net margin 31% to 91%.

Is FIVERR Stock A Buy?

We are typically cautious about stocks that have seen price surges like FVRR because they usually fall back or dip. Currently, the moving averages are pointing to a STRONG BUY, thus a bullish trend. Oscillators are mixed with a neutral signal. This means the stock is dipping or about to dip.

So is FIVERR stock a buy? Yes, if it meets your since for your portfolio and you realize there is a strong possibility of a dip of 15%. The virus is unlikely to go away soon, and FIVERR will continue to be an alternative for businesses.

FIVERR Stock Recommendations

Jul-17-20 Downgrade JP Morgan Overweight → Neutral $77
Jun-18-20 Reiterated Oppenheimer Outperform $55 → $74
Feb-20-20 Upgrade JP Morgan Neutral → Overweight $37
Dec-12-19 Initiated Cantor Fitzgerald Neutral
Nov-14-19 Upgrade BofA/Merrill Neutral → Buy $30
Jul-08-19 Initiated UBS Neutral
Jul-08-19 Initiated Oppenheimer Outperform
Jul-08-19 Initiated Needham Buy $31
Jul-08-19 Initiated JP Morgan Neutral
Jul-08-19 Initiated JMP Securities Mkt Outperform
Jul-08-19 Initiated Citigroup Neutral

FIVERR Stock 1 Day Oscillators

Name Value Action
Relative Strength Index (14) 80.38 Neutral
Stochastic %K (14, 3, 3) 92.56 Neutral
Commodity Channel Index (20) 213.75 Sell
Average Directional Index (14) 37.55 Neutral
Awesome Oscillator 23.67 Buy
Momentum (10) 38.27 Sell
MACD Level (12, 26) 9.97 Buy
Stochastic RSI Fast (3, 3, 14, 14) 95.03 Sell
Williams Percent Range (14) −12.51 Sell
Bull Bear Power 45.56 Neutral
Ultimate Oscillator (7, 14, 28) 70.90 Buy

FIVERR Stock 1 Day Moving Averages

Name Value Action
Exponential Moving Average (5) 110.69 Buy
Simple Moving Average (5) 108.55 Buy
Exponential Moving Average (10) 102.26 Buy
Simple Moving Average (10) 98.03 Buy
Exponential Moving Average (20) 93.56 Buy
Simple Moving Average (20) 90.50 Buy
Exponential Moving Average (30) 87.95 Buy
Simple Moving Average (30) 86.05 Buy
Exponential Moving Average (50) 79.35 Buy
Simple Moving Average (50) 77.67 Buy
Exponential Moving Average (100) 64.74 Buy
Simple Moving Average (100) 57.92 Buy
Exponential Moving Average (200) 49.80 Buy
Simple Moving Average (200) 41.50 Buy
Ichimoku Cloud Base Line (9, 26, 52, 26) 99.11 Neutral
Volume Weighted Moving Average (20) 95.21 Buy
Hull Moving Average (9) 120.18 Sell

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