Upwork (UPWK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A week ago, the market sold hard, which gave us an opening to swoop in and buy as stocks went on sale.It was the charts that gave me the confidence, and foretold continued rallying. Today I show you the breakout is confirmed.After all the great opportunities …
Revenue grew 21% year-over-year to $83.2 millionMarketplace revenue grew 24% year-over-year to $74.8 millionGross margin expanded three percentage points year-over-year to 72%.
Upwork Inc.'s (NASDAQ:UPWK): Upwork Inc. operates an online marketplace that enables businesses (clients) to find and...
NEW YORK, May 14, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for APDN, NVUS, RIOT, UPWK, and DAL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by sele…
NEW YORK, May 14, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for APDN, NVUS, RIOT, UPWK, and DAL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by sele…
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile market…
Wish you'd loaded up on bargain-priced stocks after March's stock market crash? Although cheap stocks nearly always involve a bit of risk, three top stocks trading for less than $20/share right now include Enterprise Products Partners (NYSE: EPD), Upwork (NASDAQ: UPWK), and Clean Energy Fuels (NASDAQ: CLNE). Midstream master limited partnership (MLP) Enterprise Products Partners operates pipelines and storage terminals that move crude oil, natural gas, and refined products around the country.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the m…
Upwork shares have doubled since late March, owing to a rise in users and site traffic since the coronavirus began.Rising unemployment has led many out-of-work job seekers to turn online.Upwork isn't simply a freelance company; it has brand-name hiring partne…
Upwork Inc. (UPWK), the largest online talent solution, today announced that it will release financial results for the first quarter of 2020 on Wednesday, May 6, 2020 after market close. A live webcast of the call will be available on the Upwork Investor Relations website at https://investors.upwork.com. An audio replay of the conference call will be available for one week following the call and will be archived via webcast on the Upwork Investor Relations website at https://investors.upwork.com for approximately one year.
NEW YORK, May 14, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for APDN, NVUS, RIOT, UPWK, and DAL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by sele…
The trailing twelve-month chart for freelancing platform Upwork (UPWK) makes for queasy viewing. The stock has declined by 73%, 50% of which were shed since the turn of the year. While the majority of companies’ valuations have tumbled aggressively since the viral outbreak, Upwork’s severe beating is a curious one. You would think as its core business is all conducted online, it would be shielded somewhat.While Upwork hasn’t been immune to the COVID-19 pandemic, BTIG’s Marvin Fong believes the company's “potential is underappreciated.” Fong puts his money where his mouth is, reiterating a Buy rating, along with a $14 price target. Expect upside of a spectacular 160%, should Fong’s forecast plays out. (To watch Fong’s track record, click here)Despite the alarming downturn, Fong believes Upwork “has held up reasonably well” and is “doing better than most.” But the contracting global economy has affected activity on the platform. Job listings on March 31 indicated a 12% drop since the start of the month, with the trend remaining negative, both on the domestic and international front.Although Upwork belongs to the “work-at-home” category, Fong is not surprised to see its business depressed in the near-term. During recessions, the availability of freelancers increases, while jobs become scarcer. The difference this time, though, is that even people in full employment are working from home.Yet, Fong believes there is a brewing opportunity for Upwork here: “What UPWK has going for it in this environment is the ability to help businesses find low-cost talent and provide rapid hiring in a world where physical interviews and onboarding are undesirable. In the longer run, with more freelancers on the site and businesses of all sizes getting more comfortable with remote workforces, we believe the pandemic could help Upwork’s enterprise offering gain improved traction once things settle down and businesses get out of survival mode.”Turning to the rest of the Street, Upwork’s Moderate Buy consensus rating breaks down into 4 Buys and 3 Hold ratings. With an average price target of $11, investors could see upside of 84%, should the target be met in the coming months. (See Upwork stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. More recent articles from Smarter Analyst: * Lower Energy Prices Another Tailwind for Amazon (AMZN); 5-Star Analyst Says 'Buy' * Apple (AAPL) Stock Stumbles Into a Bull vs. Bear Showdown * Can Aridis Pharmaceuticals’ APEX Platform Be Used to Target Coronavirus? Analyst Weighs In * Too Many Questions Plague Boeing (BA) Stock
Defined as companies with market caps between $300 million and $2 billion, small-cap stocks have the potential for big returns. Here is a list of three small-cap stocks to buy in May. The first pick, Glu Mobile (NASDAQ: GLUU), is a bet on the fast-growing mobile gaming industry. The other two picks, Upwork (NASDAQ: UPWK) and American Outdoor Brands Corp. (NASDAQ: AOBC), are bets on the freelancing revolution and America's passion for firearms in times of uncertainty.
NEW YORK, May 21, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ATRA, AVXL, BOXL, FCEL, and UPWK. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by sel…
After slowing down in the second half of 2019, Upwork reaccelerated its growth in Q1 2020. Marketplace revenue made up 90% of the business and grew by 24% YoY.
Leading the discussion today are Hayden Brown, Upwork's President and Chief Executive Officer; and Brian Kinion, Upwork's Chief Financial Officer. Following management's prepared remarks, we will be happy to take your questions.
Their moderate to low financial burden lowers the investment risk Continue reading...
NEW YORK, May 21, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ATRA, AVXL, BOXL, FCEL, and UPWK. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by sel…
Upwork Inc. (UPWK), the largest online talent solution, as measured by gross services volume (“GSV”), today announced that President and CEO, Hayden Brown, and Chief Financial Officer, Brian Kinion, will participate in a fireside chat at the 15th Annual Virtual Needham Technology and Media Conference on Tuesday, May 19, 2020 at 1:00 p.m. ET/10:00 a.m. PT. An audiocast of the event will be available in the Events and Presentations section of Upwork’s Investor Relations website at https://investors.upwork.com. During the course of this event, Upwork may disclose material developments affecting its business and/or financial performance.
Upwork (UPWK) delivered earnings and revenue surprises of 16.67% and 1.08%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Twilio, Upwork, and Datadog posted gains of more than 25% last month despite a complete lack of market-moving news.
NEW YORK, May 12, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ADAP, UPWK, ERI, CODX, and DAL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selec…
Global freelance company Upwork helps connect professionals and agencies to businesses seeking specialized talent. Upwork CEO Hayden Brown joins Yahoo Finance’s On The Move to break down how her company is faring as well as address how freelance workers are managing to work during the pandemic.
Upwork, Uber, and Peloton have been some of the market's hottest stocks since the March sell-off.
Upwork (UPWK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Shares of Upwork (NASDAQ: UPWK), which operates a website to facilitate freelance work, popped more than 11% in early trading Monday, and remained up a healthy 6.7% at the close. There seemed to be no news whatsoever to explain Upwork's quick move up today. In an article on Marketwatch earlier today, Canaccord Genuity's chief market strategist Tony Dwyer was asked to comment on unusual stock moves in the market of late, and he noted that stocks appear to be trading right now "based on the coronavirus impact and a probable abnormal economic recovery" from the current downturn.
NEW YORK, May 21, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ATRA, AVXL, BOXL, FCEL, and UPWK. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by sel…
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
UPWK earnings call for the period ending March 31, 2020.
NEW YORK, May 12, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ADAP, UPWK, ERI, CODX, and DAL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selec…
Full Year 2019 ASC 606 Revenue of $300.6 Million Full Year 2019 ASC 605 Revenue of $302.6 Million Increased 19% Year-Over-Year SANTA CLARA, Calif., Feb. 26, 2020 -- Upwork.
UPWK is a remote working platform that connects companies to freelance workers, working with small and medium-sized businesses, all the way up to Microsoft.