Fiverr International Ltd. ($FVRR) Stock Forecast: Down 5.0% Today

What is Fiverr International Ltd.?

Fiverr International (FVRR) operates an online marketplace connecting businesses with freelancers offering various digital services like graphic design and writing. Despite a slip in the market, FVRR stock had a bullish movement today.

Why is Fiverr International Ltd. going down?

FVRR stock is down 5.0% on Jul 1, 2024 17:01

• FVRR stock showed resilience with a +0.86% increase, outperforming the overall market.
• Concerns about the gig economy's future growth due to AI's effectiveness might have impacted initial perceptions.
• Reassurance about Fiverr's data security practices was provided after it was disclosed that Fiverr used the identity verification platform Au10tix, which faced a credential leak with no customer data breach evidence.
• A comparison between Fiverr and Upwork in the context of AI's influence on the gig economy could have influenced investors to reassess Fiverr's position, potentially contributing to its positive stock movement.

FVRR Price Chart

FVRR News

9 Stocks to Sell as AI Surges Ahead

I’ve got a surprising fact for you: New technologies are often astonishingly S… L… O… W… to take off. In 1950, there were only 25 million registered vehicles in America, or one for every six people. Though Henry Ford had introduced the Model T more than four decades earlier, many families still saw no reason to buy a car. That’s because, besides “working,” cars — like all new technologies — needed three other ingredients to succeed: Infrastructure. Cars need roads, gas stations and service centers. Culture. People must want to drive. Incentives. Car-friendly regulations need to be in place. In the automobile’s case, the technology required the National Highway System expansion of 1955, suburbanization and a rise of American car culture before it could truly take off. By 1970, there were 118 million cars on the road. By 1990, almost 200 million. The automobile also illustrates how these three ingredients develop in phases. The Official Microsoft Blog calls December 20, 1922, “The Day the Horse Lost Its Job” after New York City’s last horse-drawn fire wagon was replaced with a motorized engine. Streetcar usage declined soon after, when motor cars began clogging up streets. It would take several more decades for railways to eventually succumb; between 1967 and 1972, six major railroads went bankrupt after competition from trucks and other intermodal transport options ate into profits. The same was true for the fax machine, the personal computer and … even the internet. Infrastructure, culture and incentives are built in stages. That’s why Amazon (NASDAQ:AMZN) “beat” booksellers decades ago, yet still has trouble competing against fresh grocers and big-box stores like Costco (NASDAQ:COST). Today, the same battle is taking shape with artificial intelligence. Some businesses will survive for decades against this new technology. Surgeons, structural engineers and hang-gliding instructors all work with life-or-death situations. So, while AI might enhance the jobs in the near term, it would take significant cultural and regulatory shifts to replace these positions with AI. But other companies are already beginning to struggle. These firms are finding themselves on the wrong side of history… and are failing to mount a counteroffensive. This week, the writers and analysts at InvestorPlace.com consider three categories of firms – and nine stocks among them – that are especially exposed to “losing their job” in these early days of artificial intelligence…

https://investorplace.com/2024/07/9-stocks-to-sell-as-ai-surges-ahead/

Coinbase ‘not aware’ of any customer data breach after Au10tix credential leak

The post Coinbase ‘not aware’ of any customer data breach after Au10tix credential leak appeared on BitcoinEthereumNews.com . Compliance platform Au10tix said that although a credential was leaked, there is no evidence that it was used to obtain customer data, and Coinbase said it is unaware of any breach. On June 27, crypto exchange Coinbase denied any knowledge of a breach of its customers’ data associated with the Au10tix compliance platform. The statement follows a June 26 report that claimed Au10tix employee credentials had been leaked on Telegram. The Au10tix website shows the Coinbase logo, seemingly implying that Coinbase is one of its clients. “We are not aware of any Coinbase data exposure at this time and will continue to monitor the situation,” a Coinbase representative told Cointelegraph. Au10tix is an identity verification platform that claims to be used by Fiverr, TikTok, Uber, X, Coinbase and many other platforms. It stores users’ photo IDs and other identifying information on behalf of the platforms it serves.

https://bitcoinethereumnews.com/tech/coinbase-not-aware-of-any-customer-data-breach-after-au10tix-credential-leak/

Best Growth Stocks to Buy: Fiverr Stock vs. Upwork Stock

The gig economy is under pressure from AI''s rising effectiveness, but I think the fears are overstated.

https://www.fool.com/investing/2024/06/25/best-growth-stocks-to-buy-fiverr-stock-vs-upwork-s/?source=iedfolrf0000001

Fiverr International ( FVRR ) Increases Despite Market Slip: Here's What You Need to Know

The latest trading day saw Fiverr International (FVRR) settling at $22.17, representing a +0.86% change from its previous close.

https://www.zacks.com/stock/news/2292543/fiverr-international-fvrr-increases-despite-market-slip-heres-what-you-need-to-know

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Fiverr International Ltd. Price History

01.06.2024 - FVRR Stock was down 5.0%

• The bearish movement in FVRR stock today could be attributed to concerns about the impact of artificial intelligence on certain businesses. As AI technology advances, companies heavily reliant on human labor for services like those offered on Fiverr may face challenges in staying competitive.
• The focus on the potential disruption caused by AI in various industries might have spooked investors holding Fiverr stock, leading to a sell-off in anticipation of increased competition and potential revenue challenges for the platform.
• Investors may be reevaluating the long-term growth prospects of Fiverr in light of the evolving technological landscape, where AI-powered solutions could potentially offer faster, cheaper, and more efficient alternatives to traditional freelance services.

14.05.2024 - FVRR Stock was down 7.0%

• Despite positive outlook on Fiverr (FVRR) as a good investment, the stock experienced a bearish movement today.
• Fiverr International (FVRR) outperformed the broader market in the previous trading session, but today's bearish movement may be attributed to profit-taking by investors.
• The surge in interest in new cryptocurrencies that promise high returns with small investments could have diverted some attention and funds away from traditional stocks like Fiverr (FVRR), impacting its performance negatively.
• The uncertainty surrounding the overall market sentiment towards tech stocks and the potential impact of the ongoing global economic conditions may have also contributed to the bearish movement in Fiverr International (FVRR) today.

13.05.2024 - FVRR Stock was down 5.0%

• The bearish movement in FVRR stock today could be attributed to investors shifting their focus and capital towards high-risk, high-reward investments like cryptocurrencies.
• The discussion on new cryptocurrencies with potential high returns might have diverted attention from traditional stocks like FVRR.
• The appeal of quick, substantial profits from cryptocurrency investments might have prompted traders to move their funds, impacting FVRR stock negatively.
• The expected altseason and potential effects of rate cuts on the cryptocurrency market may have also influenced investor focus away from FVRR, contributing to its bearish movement.

13.04.2024 - FVRR Stock was up 5.1%

• Fiverr reported better-than-expected sales in Q1, with revenue up 6.3% year on year, surpassing analyst estimates. This positive financial performance likely contributed to the bullish movement in the stock.
• The company also posted a non-GAAP profit of $0.52 per share, showing an improvement from the previous year. This increase in profitability could have further boosted investor confidence in Fiverr.
• Meeting Q1 earnings estimates and exceeding revenue expectations indicates a strong start to the year for Fiverr. Investors may have reacted positively to these results, driving the stock price higher.
• Overall, Fiverr's strong financial performance and positive outlook for the next quarter could have been key drivers behind today's bullish movement in the stock.

09.04.2024 - FVRR Stock was up 13.7%

• Fiverr International (FVRR) reported strong Q1 2024 financial results, exceeding revenue and earnings estimates.
• The company's revenue increased by 6.3% year on year to $93.52 million, surpassing analysts' expectations.
• FVRR also posted a non-GAAP profit of $0.52 per share, showing significant improvement from the same quarter last year.
• The strong sales and earnings performance in Q1 likely fueled investor optimism and drove the stock price higher.

08.04.2024 - FVRR Stock was down 5.4%

• Fiverr (FVRR) saw a strong bearish movement possibly linked to concerns or lower-than-expected performance in its Q1 earnings.
• The market reacted negatively to Fiverr's (FVRR) key metrics falling short of Wall Street estimates, resulting in a stock price decline.
• Investors may be concerned about the potential impact of weaknesses in Fiverr's (FVRR) take rate strength and AI efforts on its financial performance, contributing to the bearish market movement.

23.03.2024 - FVRR Stock was up 5.1%

• Fiverr's stock experienced a bullish movement as businesses are increasingly searching for AI influencers and trademark attorneys.
• The surge in demand for high-paying side hustles for freelancers in 2024 could have positively impacted Fiverr's stock performance.
• Despite a slight fall in the market, Fiverr's resilience and unique positioning in the freelance services industry contributed to its bullish movement today.
• The recognition of Fiverr as a platform with gold potential for freelancers might have attracted more users and investors, further boosting the stock price.

16.03.2024 - FVRR Stock was down 5.4%

• Fiverr's stock experienced a bearish movement despite the overall market rise, possibly due to profit-taking by investors after a recent uptrend.
• The upcoming release of first-quarter financial results may have led to uncertainty and caution among investors, contributing to the downward pressure on the stock.
• The announcement of a $100 million share buyback program by Fiverr's Board of Directors could indicate confidence in the company's future prospects, but the immediate market reaction may have been overshadowed by broader market trends and profit-taking behavior.
• The positive news of other companies like Enliven Therapeutics rising sharply due to successful clinical trial data might have diverted investor attention away from Fiverr, impacting its stock performance negatively.

15.03.2024 - FVRR Stock was down 5.1%

• The announcement of a $100 million share buyback program by Fiverr could have initially boosted investor confidence, contributing to a rise in the stock price. However, a change in market sentiment occurred possibly due to profit-taking or concerns surrounding the company's upcoming first-quarter financial results.
• The slight decline in the Dow Jones index on the same day may have led to some selling pressure on Fiverr shares as investors potentially adjusted their investment portfolios.
• Positive developments in the biotech sector, such as the noteworthy stock price increase of Enliven Therapeutics following promising clinical trial data, could have diverted investor focus from Fiverr, resulting in a negative impact on its stock performance.
• Anticipation of Fiverr's forthcoming earnings release may have prompted investors to act cautiously, leading to a sell-off as they await further details on the company's financial performance and future prospects.

11.03.2024 - FVRR Stock was up 8.5%

• Fiverr's stock (FVRR) experienced a strong bullish movement today.
• The company announced a $100 million share buyback program, which typically signals to investors that the company believes its stock is undervalued.
• This news likely boosted investor confidence in Fiverr's future prospects, leading to increased buying activity and driving the stock price higher.
• The share repurchase program could also indicate that Fiverr is confident in its ability to generate strong cash flows and return value to shareholders.

11.03.2024 - FVRR Stock was up 8.9%

• Fiverr (FVRR) experienced a strong bullish movement today.
• The positive movement could be attributed to the overall positive sentiment in the market, despite the Dow Jones falling slightly.
• The announcement of proof of concept data from Enliven Therapeutics' Phase 1 clinical trial could have contributed to the bullish sentiment in the healthcare sector, indirectly benefiting Fiverr as well.
• Investors may be reacting positively to the advancements in the healthcare sector, leading to increased confidence and investment in other sectors like technology, where Fiverr operates.

05.03.2024 - FVRR Stock was down 5.3%

• Fiverr International's stock saw a significant drop, potentially influenced by a rating downgrade, indicating concerns about the company's performance.
• The announcement of a $100 million share buyback could not offset the negative sentiment in the market, leading to a larger drop compared to the general market.
• The broader trend of AI stocks facing scrutiny and potential sell-offs might have added pressure on Fiverr's stock, as investors reevaluate their positions in companies within this sector.
• The combination of internal factors like the rating downgrade and external market trends like AI stock sell-offs could have contributed to Fiverr International's bearish movement today.