Upwork: Consider Buying The Dip

Nov. 26, 2021 10:07 AM ETUpwork Inc. (UPWK)ABNB, FVRR, MAN, NSP, TDOC, UBER2 Comments
Alex Galanis profile picture
Alex Galanis
587 Followers

Summary

  • Upwork maintains the world’s largest work-online marketplace that connects businesses to freelancers.
  • The company exhibits a healthy balance sheet and strong margins, but a pricey valuation as well.
  • Upwork's stock price has retreated 40% from all-time highs.

Freelancing platforms

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Introduction

Upwork (NASDAQ:UPWK) has established itself as the leading online marketplace connecting companies with freelancers. By providing independence for employees and outsourcing solutions for employers, Upwork's business model is both simple and elegant. As they state in

UPWK price chart
Data by YCharts

Upwork, teladoc health, Airbnb, Ubeer Technologies, and door dash: PS ratio
Data by YCharts

Fiverr and Upwork: PS ratio and price to book value
Data by YCharts

This article was written by

Alex Galanis profile picture
587 Followers
Financial Analyst, interested in U.S equities, examining Growth, Dividend Growth and Value Investment opportunities, as well as ETFs.  Accounting and Finance Graduate. CFA level I candidate.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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