Added to YB: 2026-02-05
Pitch date: 2026-01-26
FVRR [bullish]
Fiverr International Ltd.
-31.85%
current return
Author Info
Bestowal Capital is a 23 year old ACA & CFA student who enjoys the public markets. My investment thesis is focused on downside protection first and upside second. I invest by understanding how businesses fail, and I buy only when the math says I’m protected. Sign up for the newsletter.
Company Info
Fiverr International Ltd. operates an online marketplace worldwide. The company’s platform enables sellers to sell their services and buyers to buy them.
Market Cap
$529.6M
Pitch Price
$16.61
Price Target
43.11 (+281%)
Dividend
N/A
EV/EBITDA
9.16
P/E
23.69
EV/Sales
0.57
Sector
Professional Services
Category
turnaround
Deep Value 3: Fiverr International Ltd. - AI opportunity and not AI Death
FVRR: Two-sided marketplace trading at 3.4x EV/EBITDA despite 22.4% EBITDA margins & $109M FCF run-rate. Active buyers declining but spend per buyer +11.7% YoY driving mix shift to higher-value customers. $300M net cash post-convertible note settlement. AI creates demand for human verification/integration vs displacement. Base case $30 (+87% upside), bull $43 (+167%).
Read full article (17 min)