2024-07-11 10:00:00 ET
Summary
- Upwork and its peer, Fiverr International, both offer online platforms for freelance workers to land gigs.
- The industry saw a boost during the pandemic. These businesses could also perform well during an economic downturn with layoffs.
- At first glance, the valuation looks attractive. However, diving deeper reveals a different financial truth.
I nearly picked up shares of Fiverr International ( FVRR ) following its appearance in the recent edition of the Rare Stock Picks listicle. The Buy recommendation was offered by buy-side analyst, Enrique Boente. But a deeper look into the company's financials and disclosures surfaced some concerns, and I knew I was going to take a pass....
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Upwork: Just Like For Fiverr, Study The Nitty-Gritty Financials