Fiverr is a hot debutante, bucking the market's current opinion of gig-economy stocks Uber, Lyft, and Upwork. But that may not last long.
News & Analysis: Upwork
One online marketplace for freelancers is breathing new life into another online marketplace for freelancers.
The freelancer-connection platform posted big gains following its IPO last October, but it's back below its $15 debut price.
Uber Technologies, Upwork, and Baidu hit new 52-weeks lows after uninspiring developments.
Management says the online marketplace for freelancer's first-quarter marked "a solid start to the year."
Upwork's stock is going down, but its sales and profits are actually going up.
UPWK earnings call for the period ending March 31, 2019.
The freelance platform is well-positioned to thrive from the rise of the "gig economy."
The freelancing platform slumped last month even after posting strong quarterly results.
Investors love the company's long-term growth prospects, as evidenced by its latest quarterly earnings results.