Fiverr International is a publicly traded company that operates a global online marketplace for digital services, connecting buyers and sellers. The company offers a platform for freelancers to offer services to customers worldwide. Services include but are not limited to: graphic design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, and lifestyle.
The company was founded in 2010 by Shai Wininger and Micha Kaufman and is headquartered in Tel Aviv, Israel. Fiverr International went public on the New York Stock Exchange in June 2019.
The company operates in over 160 countries and has over 300 million users. In 2019, Fiverr International generated $100 million in revenue.
Fiverr International (FVRR) is a public company that provides an online marketplace for freelancers. The company has been growing rapidly since it was founded in 2010, but its stock price has been volatile.
Investors should be aware that Fiverr International is not profitable and has a high debt-to-equity ratio. The company also faces stiff competition from other freelancer platforms such as Upwork and Fiverr Pro.
Given these risks, we recommend that investors exercise caution before buying Fiverr International stock.
So is Fiverr International stock a buy? Let’s take a closer look.
Fiverr International reported strong Q1 2020 results with revenue up 58% year-over-year to $32.6 million. The company also reported Adjusted EBITDA of $6.8 million, up from $0.4 million in Q1 2019. Fiverr International’s strong results were driven by an increase in the number of transactions on the platform as well as an increase in the average transaction value.
Looking ahead, Fiverr International is well positioned to continue its growth trajectory as the global economy slowly recovers from the Covid-19 pandemic. The company has a strong balance sheet with no debt and $120 million in cash on hand.
Based on these factors, we believe that Fiverr International stock is a buy for long-term investors.
