|Bid||16.75 x 1800|
|Ask||17.40 x 3000|
|Day's Range||16.89 - 17.14|
|52 Week Range||14.08 - 25.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||23.88|
Upwork (UPWK), the largest freelancing website, today announced that SurveyMonkey (SVMK) Chief Marketing Officer Leela Srinivasan has joined its board of directors. Srinivasan brings deep knowledge of enterprise marketing and the talent market to the company’s distinguished board. Prior to joining SurveyMonkey, she has led marketing departments and initiatives for some of the most innovative organizations of their kind, including Lever, LinkedIn and OpenTable.
Upwork Inc. (UPWK), the largest freelancing website, today announced that it will release financial results and a letter to shareholders for the second quarter 2019 on Wednesday, August 7, 2019 after market close. After market close, Upwork will publish a press release with financial results, and a link to a shareholder letter providing additional commentary. A live webcast of the call will be available on the Upwork Investor Relations website at https://investors.upwork.com.
In the past 12 months, small cap stocks did not perform well. All in all, the S&P SmallCap 600 lost 9% of its value (for the sake of comparison, the S&P 500 was able to climb by 10%). Microcaps have encountered greater difficulties and declined by 22%.True, as data shows, small stocks tend to be volatile, but they have their merits. They are relatively cheap to buy, and they have great potential for growth. The following three stocks shouldn’t be left unnoticed by investors as they provide excellent opportunities for future returns. Upwork – A New Concept of WorkMost people today follow a conventional work pattern. They wake up early in the morning, commute to work and return home in the evening. Upwork (NASDAQ:UPWK) strives to change that. It has built an online platform where freelancers working from home at their own free time offer their services to individuals or companies seeking different types of products from content and programming to financial or legal counseling. This new type of flexible work, referred to as the "gig economy", is still in its infancy in the United States with a market cap of a little more than $1.5 billion, but it is expected to rise exponentially in the future. Upwork is leading the way. Since is public debut in the autumn of 2018, Upwork stock lost 25% of its value. As alarming as this may sound, the stock has great potential. So far, Upwork has not been profitable, but there is room for optimism. In 2019 Q1, its revenue went higher by 16% year over year to $68.9 million. The analysts show the company’s stock ungrudging courtesy. On June 26, Brent Hill from Jefferies upgraded it from hold to buy with a price target of $23 from real price value of $15. Average analysts’ price target stands at $22.75 (43% upside ). This positive assessment is derived from Upwork’s growth potential in the freelance market. Analyst Ratings & Price Targets on Upwork Inc HEXO – Cannabis for Fun and HealingHEXO Corp (TSE:HEXO) is a Canadian company that produces and distributes cannabis for medical and recreational uses in the Canada. It deploys innovative cannabinoid isolation technology with its 1.8 million sq. ft of facilities located in Quebec, Ontario and Greece (indicating the company’s intentions to penetrate the Eurozone). HEXO’s production stood at 9,804 kilos in Q1 2019, nearly 100% higher quarter over quarter. Production forecast for fiscal 2020 issued by the company’s management revolves around 150,000 kilos, which is expected to increase annual revenues from approximately C$64 million at present to a whopping $400 million. Wall Street analysts are fully aware of HEXO’s potential. Russel Stanley from Beacon reiterated his buy recommendation for the company on June 13 setting a 12-month target price of $14 with a particularly big upside of 111 %. On June 12, the company released its third quarter fiscal 2019 (July 31 fiscal year end) financials showing gross and net revenue of $15.9 million and $13.0 million, respectively. Both were ahead of Stanley’s forecast of $12.3 million and $10.2 million, respectively.Having said that, one should bear in mind that high profit potential also entails risk. Owen Bennett from Jefferies has recently reiterated his assessment of the company’s stock to sell. He is concerned about HEXO’s earnings latest earnings release for the quarter ending January 31. The company reported a quarterly GAAP net loss of C$4.33 million. In comparison, last year the company had a GAAP net loss of C$1.97 million. This calls for a bit of caution before deciding to invest.Analyst Ratings & Price Targets on HEXO Corporation Inseego – Investing in a Breakthrough Technology5G technology is almost here and Inseego (NASDAQ:INSG) positions itself to be at its forefront by upgrading its already existing 4G cloud and networking solutions to the new generation. Despite currently being unprofitable, analysts expect the company to increase its annual revenues by 20% in the next 5 years. If that happens, its stock will most likely soar by around 80 % above its current price ($4.27 as of June 27).Michael Latimore from Northland Securities has recently reiterated his buy recommendation for the stock setting a price target of $6 (current stock value as of June 27 stands at $4.29) with an upside of 39.86%. In the last 3 months, Inseego insiders bought the company shares at a total worth $10.64 million and that is a good sign.Analyst Ratings & Price Targets on Inseego Corp What’s the Bottom Line?Some small cap stocks have great profit potential and it is crucial to be able to identify them. But as shown above, the greater the prospects for profit, the greater the risk. One of the major disadvantages of small stocks is their tendency to be volatile. Therefore, it is highly advised to closely monitor their performances over time, go over analysts’ assessments and, most of all, always stay alert to new developments that may change the overall picture. * * *
Shares if Upwork Inc. are up 6.1% in premarket trading Wednesday after Jefferies analyst Brent Thill upgraded the stock to buy from hold. "With the stock down 17% YTD and valuation at a 37% discount to peers, risk/reward has improved," Thill wrote. "The recent IPO of Fiverr demonstrated the large market for flex labor and evidenced Upwork's leadership within it." Thill expects that Upwork's first-quarter revenue-growth rate was likely the bottom and he predicts "gradual acceleration" on the metric as the year continues. He has a $23 price target on the stock. Upwork shares have fallen 25% over the past three months, as the S&P 500 has gained 3.5%.
Shares of Upwork Inc. are up 0.4% in Wednesday afternoon trading after Cantor Fitzgerald analyst Drew Kootman initiated coverage of the company with an overweight rating. The stock was up as much as 4.4% earlier in the session. "We believe Upwork is a compelling investment opportunity as the company's business model appears well-positioned to capitalize on the long-term demand for a flexible labor supply and to improve on its pole position in the freelance employment market," Kootman wrote. He expects the company to further penetrate the market for freelance services beyond its current share of less than 1%. The company is focusing more on enterprise clients, which Kootman predicts could add more top-line stability. He set a $19 price target on shares, which have fallen 16% so far this year as the S&P 500 has climbed 16%.
Upwork ($UPWK), the largest freelancing website, today released new data from freelance knowledge worker respondents to Freelancing in America: 2018, the most comprehensive study of the U.S. independent workforce, conducted by independent research firm Edelman Intelligence and commissioned in partnership by Upwork and Freelancers Union.
Gig-economy companies haven’t received a very warm welcome from Wall Street in recent months, but another one is about to test the waters — and this one literally has the trademark on the word “gig.”
Fiverr International Ltd. shares soared in Thursday trading after the gig-economy software company made its public debut.
Fiverr international Ltd. (NYSE: FVRR ), an online marketplace for freelance services company, began trading for the first time on a public market Thursday. MKM analysts offered their take from the sidelines. ...
The "gig economy" is again in focus with another flashy IPO on the horizon. This time it's Fiverr, an Israeli-based startup that recently filed to go public under the ticker FVRR and hopes to raise as much as $100 million. The specific details for Fiverr is that it's a freelance services marketplace with roughly 3 million users at present.
Upwork ($UPWK), the largest freelancing website, today announced that Lars Asbjornsen has joined the company as senior vice president of marketing. Asbjornsen spent the last 17 years honing his expertise in marketing, digital service development and global candidate sourcing as an executive at global staffing firm Robert Half.
Today, EY announced that Stephane Kasriel, CEO of Upwork (UPWK), has been named a finalist for the Entrepreneur Of The Year®2019 Award in the Northern California region. Widely considered one of the most prestigious business awards programs in the U.S., the EY program recognizes entrepreneurs and leaders of high-growth companies who excel in areas such as innovation, financial performance and personal commitment to their businesses and communities, while also transforming our world. Kasriel was selected as a finalist by a panel of independent judges.
On Tuesday Upwork released its latest quarterly skills index, which reveals the hottest skills in the U.S. freelance job market. CEO Stephane Kasriel says it's key that online learning platforms continuously evolve to meet the skills demand in areas ranging from podcasting to robotics.
During a down day for tech stocks, some names across the industry are getting especially crunched after delivering disappointing earnings reports.