Stocks are ticking higher this morning despite fading hopes for a $2000 stimulus check. Travel stocks are rising after the U.K. approved a coronavirus vaccine produced by AstraZeneca (AZN). With only two more trading sessions left in 2020, investors are looking ahead for opportunities in the new year.
Technology stocks have dominated the attention of most investors in 2020 because of their enormous growth. However, there are some non-technology stocks that have also experienced high growth this year. Some of these stocks have been overlooked by investors because of the tech boom’s that monopolized the market’s attention.
Today we’re highlighting one such company that has carved a niche for itself in a highly competitive industry by offering unique services and solutions.
Fiverr International (FVRR) operates an online freelancing platform that connects buyers and sellers. The company’s platform allows freelancers to connect with buyers in a variety of verticals, such as graphic designing, digital marketing, translation, legal and more. FVRR share price has risen 770% year-to-date.
FVRR recently expanded its service to Latin American countries, including Brazil and Mexico. The company has also launched Fiverr Business, which is a subscription-based service that helps users manage and collaborate with teams of freelancers.
FVRR’s revenue has grown at a compound annual growth rate of 66.1% year-over-year. FVRR’s revenue is estimated to increase 83.2% for the quarter ended December 31, 2020 and 37.5% in 2021. The company’s EPS is expected to rise 250% for the quarter ended December 31, 2020 and 77.1% per year over the next five years.
Despite generating decent gains this year, FVRR has plenty of upside left we believe. Of 8 analysts offering recommendations, 4 rate the stock a Strong Buy, 1 rates it Moderate Buy and there are 3 Hold ratings.
Where to invest $1,000 right now...
Before you consider buying Fiverr International, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Fiverr International.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
