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In recent months, the stock market has not been kind to high-octane growth stocks. One of the hardest-hit tickers in this safety-craving market correction has been freelance-services specialist Fiverr International (NYSE: FVRR) . Its stock is now trading at more than 65% below February's all-time highs.
On top of being a richly valued highflier, Fiverr is also widely seen as a direct play on the coronavirus pandemic. I think that's a big mistake, though, but it opens the door to a fantastic buying opportunity at reduced share prices. Let me show you what I mean.