Should You Forget Fiverr International Stock Near a 52-Week Low?
Is Fiverr a dying gig platform or a business in transformation? The Q1 data tells a fascinating story.
Overview
Fiverr International (NYSE: FVRR) sits just 7% above its 52-week low on June 30, looking about as popular as a fax machine at a tech conference. The bears have some solid arguments, too:
Fair enough, but Fiverr's mission is to "change how the world works together." The Q1 report shows that the company is actually doing that, just not in the way investors used to expect.
Details
Fiverr is indeed losing its grip on clients in the small-to-medium business category. But that's not the whole story.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.