FVRR - Is Fiverr International a Buy Now?
2023-11-07 14:07:00 ET
I started my Fiverr International (NYSE: FVRR) in the fall of 2021, at the princely price of $185 per share. I doubled down on my Fiverr investment three months later, inspired by the freelance services broker's prospects for long-term business growth. This time, each share cost me $238. And when the stock took a steep dive in 2022, I doubled my Fiverr bets again. And I mean that in dollar terms. The same sum bought a lot more stock this time, since Fiverr's share price had plunged all the way to $41.
So I literally bought Fiverr's stock in thirds . Here we are, 17 months after my latest real-money dive into this stock -- and shares are changing hands at just $22 today. It's another 47% dip from the cheapest entry point in my portfolio.
Many investors would grumble something about "falling knife" at this point, sell their Fiverr stock, and never look back. And I think that would be a huge mistake. In fact, I'm tempted to add another tranche to this exciting growth stock right about now.
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Is Fiverr International a Buy Now?