Fiverr Announces Fourth Quarter and Full Year 2019 Results
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February 19, 2020 12:12 PM EST
Needham & Company analyst Brad Erickson raised the price target on Fiverr International Ltd. (NYSE: FVRR) to $38.00 (from $31.00) while maintaining a Buy rating.
The analyst commented, "FVRR continues to cleanly outperform expectations with strong execution through more efficient new buyer acquisition, accelerated new geographic rollout... More
February 19, 2020 7:05 AM EST
Fiverr International (NYSE: FVRR) reported Q4 EPS of ($0.08), $0.06 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $29.5 million versus the consensus estimate of $28.69 million.
Consistent execution throughout 2019 drove a strong finish to the year with Q4 revenue growth of 43% y/y, exceeding the top end of our guidance and accelerating for the second consecutive quarterBoth active buyers and spend per buyer accelerated to 17% y/y during the fourth quarter along with continued improvement in take rate to 26.7%Rolled out two localized websites...
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