Morsa Images/DigitalVision via Getty Images
Fiverr's (NYSE:FVRR) share price has been on quite a roller coaster ride, and some might be scared to invest in it since the price appears to be in a clear downtrend. We believe however, there is
In Some Ways Fiverr Has Never Been Cheaper
Summary
- Fiverr was one of those companies whose growth rate exploded during the pandemic, and so did their share price.
- However, with the re-opening of the economy the growth rates returned to more normal levels and share prices cratered.
- In Fiverr's case the growth was not lost, and the company is much bigger today than it was, even if it is back to growing "only" ~40% per year.
- Current prices might be presenting an opportunity since shares have never had a lower forward price/earnings multiple.
Fin-tech startup leveraging machine learning technology to discover investing opportunities and to generate growth-optimal portfolios. Publisher of the WideAlpha AI-Selected Index, which has markedly outperformed its benchmark.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of FVRR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling shares, you should do your own research and reach your own conclusion, or consult a financial advisor. Investing includes risks, including loss of principal.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.