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Why Fiverr Stock Fell Today

TheMotleyFool

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Shares of Fiverr International (NYSE: FVRR) tumbled today after an analyst at UBS downgraded the company's stock from neutral to sell.

Investors clearly weren't happy with today's news and pushed the tech stock down by as much as 14%. Fiverr's share price had fallen 10.4% as of 12:58 p.m. EST.

UBS analyst Eric Sheridan said in an investor note that Fiverr is "emblematic of a market that values growth over any semblance of valuation that can be justified." And while he downgraded the stock, he increased its price target to $190, up from the previous $148.

Source Fool.com

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