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Fiverr downgraded to Neutral from Buy at BTIG

BTIG downgraded Fiverr (FVRR) to Neutral from Buy without a price target The firm sees “less headroom” for multiple expansion in the shares due to Fiverr’s “materially negative” revenue growth. BTIG believes meaningful share upside for Fiverr is unlikely given that the company’s fundamentals are “weak.”

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