How Fiverr Shares Gained 66% Last Month

Shares of freelancer marketplace specialist Fiverr (NYSE: FVRR) rose 66% in May 2020, according to data from S&P Global Market Intelligence. The company posted strong first-quarter results on May 7, kicking off a long rise with a 29% single-day jump.

Fiverr saw its first-quarter sales rise 44% year over year, landing at $34.2 million. The company's platform enjoyed double-digit percentage increases in both the number of service buys and the average size of each transaction. Adjusted net losses shrank from $0.20 to $0.08 per share. Your average Wall Street analyst would have settled for a net loss near $0.13 per share on revenue in the neighborhood of $33.2 million.

The company also offered second-quarter and full-year revenue guidance well ahead of the consensus analyst view at the time.

Source Fool.com