Equity Analyst, Investi Analyst

Investi Analyst

Equity Analyst

Investment Entrepreneur / Equity Analyst.

Equity Bottom-Up

<ul>
<li>Upwork is the world’s largest work marketplace for freelancing and gigs.</li>
<li>The often neglected Upwork has a much more robust competitive advantage over Fiverr with regard to their Enterprise business model.</li>
<li>This thesis of picking Upwork is backed by the fact that more institutions and funds are buying more shares of Upwork than Fiverr.</li>
<li>The freelance economy back in 2019 was valued at $3.4 billion and is forecast to grow 15.3% CAGR by 2026 which allows both companies to continue to lead the industry.</li>
<li>The full risks and strengths of both platforms are discussed in the article.</li>
</ul>


Upwork is the world’s largest work marketplace for freelancing and gigs.
The often neglected Upwork has a much more robust competitive advantage over Fiverr with regard to their Enterprise business model.
This thesis of picking Upwork is backed by the fact that more institutions and funds are buying more shares of Upwork than Fiverr.
The freelance economy back in 2019 was valued at $3.4 billion and is forecast to grow 15.3% CAGR by 2026 which allows both companies to continue to lead the industry.
The full risks and strengths of both platforms are discussed in the article.


Upwork Vs. Fiverr: 5 Contrarian Reasons To Pick UPWK Over FVRR

Latest News from the World’s Leading Innovators

Granite Bay Capital

An innovation focussed investment company

Granite Bay Capital is an innovation focussed investment company with a deep focus on the companies at the leading edge of innovation across major themes such as AI, ubiquitous computing, sustainability, automation and longevity.

Thematic (Sector/Industry)

Headline Developments On the back of the Epic v Apple case, documents were released highlighting that Google (GOOG) had considered buying Epic outright.  During the case, Epic Games outlined Google’s plans to develop “a series of internal projects to address the ‘contagion’ it perceived from efforts by Epic and others to offer consumers and developers competitive alternatives and has even contemplated buying some or all of Epic to squelch this threat”.

Headline Developments On the back of the Epic v Apple case, documents were released highlighting that Google (GOOG) had considered buying Epic outright.  During the case, Epic Games outlined Google’s plans to develop “a series of internal projects to address the ‘contagion’ it perceived from efforts by Epic and others to offer consumers and developers competitive alternatives and has even contemplated buying some or all of Epic to squelch this threat”.

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

In today's report we highlight key levels and several metrics we are watching that will provide us clues as to where the S&amp;P 500 is headed next. We also highlight several attractive stocks from a relative strength perspective across Sectors.

In today's report we highlight key levels and several metrics we are watching that will provide us clues as to where the S&amp;P 500 is headed next. We also highlight several attractive stocks from a relative strength perspective across Sectors.

U.S. Equities: Upside Momentum Lost, But Not Breaking Down

Despite the bulls still being in control, we have several ongoing concerns and we cannot rule out the potential for a pullback. Below we highlight developments that are inconsistent with a major bottom in equities that suggests the broad equity market is not yet out of the woods.  In fact, during today's action, the 2760 support level on the S&amp;P 500 briefly held but ultimately gave way. With the SPX holding below 2760 today, we are looking for downside targets of 2650 first, and then potentially 2470 if that fails to hold.

Despite the bulls still being in control, we have several ongoing concerns and we cannot rule out the potential for a pullback. Below we highlight developments that are inconsistent with a major bottom in equities that suggests the broad equity market is not yet out of the woods.  In fact, during today's action, the 2760 support level on the S&amp;P 500 briefly held but ultimately gave way. With the SPX holding below 2760 today, we are looking for downside targets of 2650 first, and then potentially 2470 if that fails to hold.

U.S. Equity Strategy: Several Indicators Suggest a Pullback Likely

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

Fiverr International Ltd / Equity Capital Markets

Fiverr plans to raise between $94 million and $104 million in this IPO that values the company at $560 million-$620 million. The company plans to sell 5.3 million shares at $18 to $20 per share which would represent a 17% stake. Our base case valuation of Fiverr implies $19 per share or implied market cap of $582 million. Our base case valuation is same as the mid-point bankers' valuation of $19 per share. As such, we would AVOID this deal since the implied price does not provide much upside.Our valuation sensitivity analysis suggests a valuation range of $16 to $22 per share for Fiverr. We used a EV/sales comparison versus Upwork as the main method to value Fiverr. Upwork is currently trading at 4.1x EV/Sales, using the consensus estimates in 2020. We used a 20% discount to Upwork's valuation multiple to value Fiverr.

Fiverr plans to raise between $94 million and $104 million in this IPO that values the company at $560 million-$620 million. The company plans to sell 5.3 million shares at $18 to $20 per share which would represent a 17% stake. Our base case valuation of Fiverr implies $19 per share or implied market cap of $582 million. Our base case valuation is same as the mid-point bankers' valuation of $19 per share. As such, we would AVOID this deal since the implied price does not provide much upside.Our valuation sensitivity analysis suggests a valuation range of $16 to $22 per share for Fiverr. We used a EV/sales comparison versus Upwork as the main method to value Fiverr. Upwork is currently trading at 4.1x EV/Sales, using the consensus estimates in 2020. We used a 20% discount to Upwork's valuation multiple to value Fiverr. 

Israel

Fiverr International Ltd. provides an online marketplace for selling goods and services. The Company specializes logo, poster, and brochure designing, as well as photoshop editing, content marketing, web analytics, and translation services. Fiverr International serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Fiverr International Ltd (FVRR US)

Upwork Vs. Fiverr: 5 Contrarian Reasons To Pick UPWK Over FVRR

Upwork is the world’s largest work marketplace for freelancing and gigs. The often neglected Upwork has a much more robust competitive advantage...

Investi Analyst

Weekly Innovation Review (WIRE) #44

Headline Developments On the back of the Epic v Apple case, documents were released highlighting that Google (GOOG) had considered buying Epic...

Granite Bay Capital

U.S. Equities: Upside Momentum Lost, But Not Breaking Down

In today's report we highlight key levels and several metrics we are watching that will provide us clues as to where the S&P 500 is headed...

Vermilion Research

U.S. Equity Strategy: Several Indicators Suggest a Pullback Likely

Despite the bulls still being in control, we have several ongoing concerns and we cannot rule out the potential for a pullback. Below we highlight...

Vermilion Research

Fiverr IPO Valuation Analysis

Fiverr plans to raise between $94 million and $104 million in this IPO that values the company at $560 million-$620 million. The company plans to...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)