市场见解

Airtasker (ASX:ART) share price storms 5% higher after smashing FY 21 guidance

This tech share is starting the week very strongly…
The post Airtasker (ASX:ART) share price storms 5% higher after smashing FY 21 guidance appeared first on The Motley Fool Australia. –

The Airtasker Ltd (ASX: ART) share price has started the week in a very positive fashion.

In morning trade, the online marketplace for local services has seen its shares shoot over 5% higher to $1.18.

Why is the Airtasker share price charging higher?

Investors have been bidding the Airtasker share price higher following the release of a positive trading update this morning.

According to the release, the company’s marketplace performance was very strong in the fourth quarter of FY 2021. This was despite a softer end to the period due to COVID-19 related restrictions and lockdowns in major capital city markets across Australia.

For the three months ended 30 June, Airtasker reported Gross Marketplace Volume (GMV) of $39.4 million. This represents a 39.1% increase compared to the prior corresponding period.

In light of this strong quarterly performance, the company has outperformed its guidance in FY 2021.

Management advised that it expects to report GMV of $153.1 million for the full year. This exceeds both its prospectus forecast of $143.7 million and April’s upgraded guidance of $148 million to $152 million.

Another positive that may be supporting the Airtasker share price is that this has all been achieved while maintaining costs below prospectus forecast levels for the full year.

What about FY 2022?

The company notes that the recent lockdowns in Sydney and other capital cities are expected to have a temporary impact on first quarter GMV in FY 2022.

However, due to the company’s strong performance going into the lockdowns and sharp marketplace recoveries previously seen, it is confident that there will be no impact to Airtasker’s full year FY 2022 outlook. Further details will be provided on the company’s expectations for FY 2022 next month when it release its first full year results as a listed company.

The Airtasker share price is now up 81% since its IPO in March.

The post Airtasker (ASX:ART) share price storms 5% higher after smashing FY 21 guidance appeared first on The Motley Fool Australia.

Should you invest $1,000 in Airtasker right now?

Before you consider Airtasker, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Airtasker wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

2 ASX shares with IPOs that have delivered market-beating returns

The Airtasker (ASX:ART) share price has gained 7% in a month
Why the Airtasker (ASX:ART) share price charged 5% higher
Leading brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!