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Stock impact report

Fiverr (FVRR) Stock Is a COVID-19 Winner; Analyst Says ‘Buy’ [Yahoo! Finance News]

Fiverr International Ltd. Ordinary Shares, no par value (FVRR) 
Last fiverr international ltd. ordinary shares, no par value earnings: 2/19 07:00 am Check Earnings Report
In the current climate it is unusual to come across a company expecting to beat first quarter estimates, but that’s just what digital marketplace Fiverr anticipates FVRRAlthough the final numbers have yet to be confirmed, the company forecasts better than expected results in its next quarterly statement due early May). Accordingly, following the update, Needham analystBrad EricksonFollowing the initial COVID-19 impact, midway through March, activity on Fiverr’s marketplace tumbled by 10% to 15%, steadied thereafter, and by early April “robust” growth returned. Offsetting slower “digital marketing and business verticals” were stronger trends in ebooks, video and animation freelance work, along with the resumption of “organic new customer” additions.Moreover, the past few weeks have seen record numbers of new freelancers signing up to the platform, and the company has started implementing new sub-categories catering for work & learning from home.Erickson believes Fiverr’s combination of Show less Read more
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