Fiverr (NYSE: FVRR) was one of the hottest stocks heading into 2021. The freelance marketplace was up over 60% year to date (YTD) in February, hitting $336 a share. However, since then, the stock has floundered and is now down almost 50% from all-time highs. In addition, investors have gotten more pessimistic about the company after management's guidance for the third quarter came in below expectations.
Even though guidance was lowered, Fiverr continues to grow its business at a rapid rate. So does this sell-off present a buying opportunity?
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Down Almost 50% from All-Time Highs, Is Fiverr Stock a Buy?