Fiverr International Intrinsic Value Calculation – Piper Sandler Reduces Price Objective for Fiverr International to $36.00
July 22, 2023
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Research analysts at Piper Sandler recently reduced their price objective for Fiverr International ($NYSE:FVRR) from $40.00 to $36.00, making this the second reduction this year. The company provides a platform for customers to hire freelancers for different projects, ranging from graphic design to web development. Fiverr International has become an increasingly attractive investment in recent years, as more and more businesses are turning to the platform to find talented freelancers. The company has also seen impressive growth in the last few quarters, thanks in part to strong user growth and revenue growth. This could be a sign that investors may want to reconsider their investments in Fiverr International.
However, the company continues to be a leader in the freelancing industry and is expected to continue seeing strong user and revenue growth. As such, investors should weigh their options carefully before making any decisions.
Share Price
Despite this, the stock opened at $29.2 and closed at $30.5, representing a 4.0% increase from the previous closing price of 29.3. This news caused a slight bump in stock prices for FIVERR INTERNATIONAL, though analysts remain divided on the future of the company’s stock. Some investors view the lower price target as a sign that future growth is weaker than expected, while others think it is an opportunity to buy at a lower price and reap rewards in the long-term. In any case, FIVERR INTERNATIONAL investors are closely watching the stock in the days to come to see if it is able to continue its upward trajectory. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fiverr International. More…
| Total Revenues | Net Income | Net Margin |
| 338.64 | -58.78 | -12.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fiverr International. More…
| Operations | Investing | Financing |
| 35.91 | -9.9 | 3.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fiverr International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 956.62 | 673.23 | 7.51 |
Key Ratios Snapshot
Some of the financial key ratios for Fiverr International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 42.3% | – | -17.2% |
| FCF Margin | ROE | ROA |
| 10.1% | -13.3% | -3.8% |
Analysis – Fiverr International Intrinsic Value Calculation
At GoodWhale, we recently conducted an analysis of FIVERR INTERNATIONAL‘s wellbeing. After careful consideration, we determined that the fair value of FIVERR INTERNATIONAL’s share is around $145.6, based on our proprietary Valuation Line. Surprisingly, FIVERR INTERNATIONAL’s stock is currently trading at a much lower price of $30.5, meaning that it is undervalued by 79.1%. This presents a great opportunity for investors who are willing to buy into the stock at such a low price. We believe that in the long term, the stock will increase in value as the company’s potential is realized. More…
Peers
In the online marketplace, there is intense competition between Fiverr International Ltd and its competitors Newretail Co Ltd, Similarweb Ltd, and PT NFC Indonesia Tbk. All four companies are vying for a share of the online market, and each has its own strengths and weaknesses. Fiverr International Ltd has a strong reputation for quality and customer service, while Newretail Co Ltd is known for its low prices. Similarweb Ltd has a large selection of products and services, while PT NFC Indonesia Tbk has a more limited but still significant selection.
– Newretail Co Ltd ($TPEX:3085)
Newretail Co Ltd is a company that operates in the retail industry. It has a market cap of 603.61M as of 2022 and a Return on Equity of 5.63%. The company focuses on providing a better customer experience by integrating online and offline channels. It has a strong presence in China and is expanding its operations to other countries.
– Similarweb Ltd ($NYSE:SMWB)
As of 2022, Similarweb Ltd has a market cap of 488.21M. The company has a Return on Equity of -103.2%. Similarweb Ltd is a technology company that provides web traffic data and analytics. The company was founded in 2007 and is headquartered in Tel Aviv, Israel.
– PT NFC Indonesia Tbk ($IDX:NFCX)
PT NFC Indonesia Tbk is a leading provider of mobile payment and financial services in Indonesia. The company has a market cap of 7.95T as of 2022 and a Return on Equity of 21.4%. PT NFC Indonesia Tbk offers a wide range of mobile payment and financial services to its customers, including mobile banking, money transfers, and airtime top-ups. The company has a strong network of over 10,000 agents and more than 200,000 outlets across Indonesia.
Summary
Investment analysts at Piper Sandler recently lowered their price objective for Fiverr International to $36.00 from its previous price target of $40.00. Despite this change in pricing, the stock experienced a fairly large jump in value on the same day. This suggests that investors are still confident in the company’s long-term potential, and that the lowered pricing is only a minor setback. Moving forward, investors should watch for news or developments that may suggest Fiverr International will be able to utilize their competitive advantages in order to continue expanding their market share and increase profitability.
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