Why Fiverr Stock Fell Today

Why Fiverr Stock Fell Today

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