Gig economy winner. $FVRR or $UPWK?
FA,
- Structural headwinds through gig economy, freelancing and 'escape the rat race' theme
- 3Y revenue growth 22%
- Improving gross margins. 70%
- Recent insider purchases
- Like shopify, but for talent. Online talent marketplace.
-Value? Market cap half of Fiverr with revenue twice as much.
TA,
- Major trend reversal. Short term moving averages crossing Long term MA
- Trendline support
- 120MA support 4H
- Higher highs and lows
Concerns,
- Less than expected revenue growth during lockdown. YOY growth 19% at 87.5M
Main competitor Fiverr reported YoY growth of 82% at 47.1m. Growth is key.
- Fiverr reporter a net loss of only -0.1M while UPWK reported a loss of -10M.
-Freelancers prefer Fiverr over Upwork.
- Fiverr better glassdoor ratings (4.3 Vs. 3.8)
- Higher volume on red days
Seems more like a technical trade considering the above points or a value play. Fiverr is still the better company fundamentally. Until Upwork can show above significant growth rates, the stock would not gain much momentum. 20% growth for a growth stock with people looking for jobs online is not enough in my opinion.
- Structural headwinds through gig economy, freelancing and 'escape the rat race' theme
- 3Y revenue growth 22%
- Improving gross margins. 70%
- Recent insider purchases
- Like shopify, but for talent. Online talent marketplace.
-Value? Market cap half of Fiverr with revenue twice as much.
TA,
- Major trend reversal. Short term moving averages crossing Long term MA
- Trendline support
- 120MA support 4H
- Higher highs and lows
Concerns,
- Less than expected revenue growth during lockdown. YOY growth 19% at 87.5M
Main competitor Fiverr reported YoY growth of 82% at 47.1m. Growth is key.
- Fiverr reporter a net loss of only -0.1M while UPWK reported a loss of -10M.
-Freelancers prefer Fiverr over Upwork.
- Fiverr better glassdoor ratings (4.3 Vs. 3.8)
- Higher volume on red days
Seems more like a technical trade considering the above points or a value play. Fiverr is still the better company fundamentally. Until Upwork can show above significant growth rates, the stock would not gain much momentum. 20% growth for a growth stock with people looking for jobs online is not enough in my opinion.
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