Citizens JMP last night downgraded Fiverr (FVRR) to Market Perform from Outperform without a price target The company reported solid Q4 results but guided to another year of gross cervices volume contraction in 2025 as the macro environment remains an overhang, the analyst tells investors in a research note. The firm says that with limited revenue visibility from the macro and total take rates approaching 40% in 2025, it is downgrading the shares pending greater visibility that demand for freelancers is recovering.
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Read More on FVRR:
- Fiverr Reports Strong 2024 Growth and Strategic Advancements
- Fiverr downgraded to Market Perform from Outperform at Citizens JMP
- Fiverr files automatic mixed securities shelf
- Buy Rating for Fiverr International: Robust Q4 Performance and Strategic Growth Initiatives Drive Positive Outlook
- Options Volatility and Implied Earnings Moves Today, February 19, 2025
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