StockStory Flags Risks at Three Internet Companies
The publisher cited falling customer figures, muted growth expectations and marketing costs in its cautious view of Fiverr, Wayfair and EverQuote.
Key takeaways
- StockStory cited Fiverr’s 14% annual drop in active buyers and a forecast revenue decline.
- The publisher pointed to customer trends at Wayfair and marketing costs at EverQuote.
StockStory expressed caution about Fiverr, Wayfair and EverQuote, citing customer trends, growth expectations and marketing costs. The publisher also said the internet industry returned 8.2% over six months, trailing the S&P 500’s 12.8% gain.
For Fiverr, StockStory cited a 14% annual decline in active buyers and forecast revenue to fall 23% over the next 12 months. Its concerns about Wayfair included an average 2.2% decline in active customers and Wall Street estimates pointing to 7.4% growth over the same period.
For EverQuote, the analysis pointed to high marketing expenses, which it said suggest the company needs to spend heavily to attract customers.
This article was produced with the help of AI technology. Source: Yahoo Finance
