In today's video, I look at the stocks Fiverr International (FVRR 1.36%) and Upwork (UPWK 5.17%). Fiverr recently released research stating that more than 45% of US businesses have increased their investment in freelance talent since the COVID-19 pandemic began. Below I share a few reasons why investors should add these two companies to their watch lists.
Three reasons to add Fiverr to your watch list
- Fiverr reported 100% year-over-year (YOY) revenue growth and 56% YOY active buyers' growth for the first quarter of 2021.
- Fiverr has solid fundamentals for its trailing 12 months. It has positive cash flow from operations and has more cash and short-term investments than debt.
- Future growth for Fiverr looks robust. The company reported guidance that shows 59% YOY revenue growth on the low end for the fiscal year of 2021.
Three reasons to add Upwork to your watch list
- Upwork reported 37% year-over-year (YOY) revenue growth and gross margins of 73% for the first quarter of 2021.
- Upwork has solid fundamentals for its trailing 12 months. It has positive cash flow from operations and substantially more cash and short-term investments than debt.
- In the past few weeks, Upwork has released new products to improve its freelancing marketplace.
Click the video below for my full thoughts.
*Stock prices used were the closing prices of June 3, 2021. The video was published on June 3, 2021.
