FVRR Good for long term hold
Fiverr is a platform that connects contract workers with employers and serves a massive global $100 billion addressable market. Demand for flexible contract gigs has increased exponentially in the coronavirus era, and Fiverr's active buyers (employers looking for workers) exceeded 2.8 million during the recent quarter, with 300,000 new ones joining. Furthermore, clients are spending 18% more today across the Fiverr platform than last year. Fiverr has a high gross margin (83%-plus) and improving profitability and cash flows. Revenue also grew 82% year on year in Q2'20. And they also achieved quarterly adjusted EBITDA profitability for the first time in Fiverr’s history and targeting adjusted EBITDA profitability for future quarters in 2020. Good entry point between $110-$120 if it retraces.
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