FVRR - Fiverr Has Made Notable Progress But Still Isn't Cheap.
The COVID-19 pandemic breathed life into almost any company that had to do with e-commerce or digital transformation. Fiverr Internal Ltd. (NYSE: FVRR) is one such company. Fiverr is a marketplace for freelancers. It mainly earns its revenue by providing support services to sellers and charging commissions on purchases on its platform. The company has been a true growth story for some time now, but recent market volatility may have lifted valuations to elevated levels.
Source: Fiverr
The stock has recently seen some stellar performances soaring as high as $262 per share from pre-pandemic lows in the mid $25 range. This lead to many questioning the stock's valuation, but recent negative market sentiment has brought the stock back down to a more modest range which begs the question -- is Fiverr a good buy at today's prices?
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Fiverr Has Made Notable Progress But Still Isn't Cheap.