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Because the number of people performing freelance services is increasing worldwide, Fiverr is well-positioned to benefit.
However, the stock has lost 26.4% over the past month and 46.7% over the past six months to close yesterday’s trading session at $172.08. Furthermore, it has declined 25.8% in price since reporting disappointing second-quarter earnings results on August 5. In addition, FVRR’s withdrawal of its proposed public offering of ordinary shares in March 2021 was not well received by investors, and hedge fund sentiment has declined considerably recently. So, FVRR’s near-term prospects look bleak.
