Work-from-home stocks have weathered a roller coaster ride as pandemic-driven tailwinds wane.
These stocks rallied on the rapid shift to remote work, but faced turmoil like other stock markets. The remote work trend is here to stay, and smart investors should look to telecommuting stocks as an investment opportunity.
As companies increasingly adopt hybrid and remote work models over time, the remote work inventory is bound to recover. A June 2022 Gallup survey revealed that 8 in 10 people are adopting hybrid or remote work.
A recent AT&T study predicts that hybrid work models will surge from 42% in 2021 to 81% in 2024. In this context, we’ve identified three interesting work-from-home stocks that offer investors a good entry point to take advantage of remote work at scale. revolution.
| FVRR | fiber | $35.56 |
| document | docusign | $50.05 |
| cool | coursera | $10.37 |
fiber (FVRR)
Source: Temiti Man / Shutterstock.com
fiber (New York Stock Exchange:FVRR) has established itself as a resilient player in the ever-evolving world of freelancing. Unlike many pandemic-era darlings, the platform has maintained its relevance in the post-pandemic era.
We continue to ride the wave of the growing gig economy with a robust virtual marketplace that connects talented freelancers and businesses around the world.
Over the past year, Fiverr has witnessed a dramatic slowdown in performance due to changes in the macro environment and spending sentiment. Year-over-year (YOY) revenue growth of 13.3%, approximately 74% lower than the five-year average.
The effective alignment of the business model is evidenced by its strong profitability. The company posted adjusted earnings per share of 26 cents in the fourth quarter, about 8 cents higher than consensus expectations.
Active buyers on the platform increased to 4.3 million, 100,000 more than expected. Given long-term tailwinds, we expect Fiverr’s growth to drop into the double-digit range for the foreseeable future.
docusign (document)
Source: Sundries Photo/Shutterstock.com
docusign (Nasdaq:document) may have seen a significant price drop in the last year, but probably shouldn’t be counted yet. As remote work gains momentum in the business world, DocuSign’s revolutionary e-signature solution will provide tremendous benefits.
Beyond e-signature prowess, DocuSign offers a range of document management and workflow automation tools to enable businesses to embrace streamlined efficiencies.
Therefore, in an era where agility is key, DocuSign offers an opportunity for investors looking to capitalize on the remote work revolution.
The company has entered the lucrative $25 billion market of electronic signatures, with another $25 billion in other products. Since his IPO in 2018, the company has seen tremendous growth, growing its customer base from around 400,000 to more than 1.3 million he.
With an impressive pro forma gross margin of over 80%, the company ranks among the elite in the enterprise software space. Despite the recent slowdown in revenue growth, future projections point to growth of over 11%, which is still well above the sector median.
coursera (cool)
Source: Postmodern Studio / Shutterstock.com
coursera (New York Stock Exchange:cool) is a pioneer in the online education space and has an impressive following. These digital powerhouses partner with the most reputable universities to offer targeted, high-quality courses and provide an authentic learning experience.
The pandemic has spiked Coursera’s growth rate, pushing its revenue base from 77 million enrolled learners to a massive $293 million in 2020.
Growth has slowed since then, but the number of learners grew 53% last year to 118 million, still ahead of the curve.
Coursera certificates carry weight and are highly respected in academia and in the workplace. As the future of work embraces digitization and on-demand knowledge, Coursera is poised to redefine accessible education, delivering incredible returns for investors. In fact, a Tiprank analyst believes COUR stock could rise 76% from its current price level.
As of the date of issuance, Muslim Farooq did not have any positions (directly or indirectly) in any of the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to the InvestorPlace.com Publishing Guidelines.
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