UPDATE: Piper Sandler Starts Fiverr International Ltd. (FVRR) at Overweight

Piper Sandler analyst Matt Farrell initiates coverage on Fiverr International Ltd. (NYSE: FVRR) with a Overweight rating, PT $120.00.

The analyst comments "Fiverr is a pure-play freelancing platform with no traditional staffing component. The company is able to command a strong take rate given its e-commerce like approach to the freelance market, along with providing several seller offerings to drive the take rate even higher. Fiverr has been able to drive strong growth (50%+ over the last two years) without a salesforce due to its efficient sales and marketing strategy. Finally, Fiverr Business and the recent Stoke acquisition should help the company move from primarily SMB focused to more enterprise exposure."

For an analyst ratings summary and ratings history on Fiverr International Ltd. click here. For more ratings news on Fiverr International Ltd. click here.

Shares of Fiverr International Ltd. closed at $97.23 yesterday.

You May Also Be Interested In

• Wedbush Starts Aktis Oncology (AKTS) at Outperform
• BMO Capital Starts Exelixis (EXEL) at Market Perform
• Jefferies Upgrades Mirvac Group (MGR:AU) (MRVGF) to Buy