Down 54%, Is Fiverr Stock a Smart Buy Right Now?

·4-min read
Down 54%, Is Fiverr Stock a Smart Buy Right Now?

Likewise, some remote workers found themselves with more free time, so they tapped the gig economy for supplemental income. In February 2021, Fiverr stock achieved an astronomical valuation of 56 times sales -- nearly 10 times higher than its price-to-sales ratio prior to the pandemic. Since then, a combination of analyst downgrades and weak guidance (relative to Wall Street's expectations) have conspired to bring the stock price down.

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