5 Best Gig Economy Stocks To Invest In

4. Shopify Inc (NYSE:SHOP)

Number of Hedge Fund Investors: 66

Shopify Inc (NYSE:SHOP) makes it to our list of the best gig economy stocks because it’s one of the biggest beneficiaries of the ecommerce boom in the world. This boom aligns with the gig economy trends since more and more people are using ecommerce stores to sell stuff online to make extra money or reach a level where they are able to quit their full-time jobs. Estimates suggest there are over 4 million ecommerce stores that are made using the Shopify Inc (NYSE:SHOP) platform.

There’s also a huge demand of freelancers who are experts in Shopify technologies on platforms like Upwork and Fiverr.

As of the end of the fourth quarter of 2022, 66 hedge funds tracked by Insider Monkey were bullish on the stock, up from 62 funds in the previous quarter.