Activist investor Engine Capital shows Upwork has room for improvement - analyst [Seeking Alpha]
Fiverr International Ltd. Ordinary Shares, no par value (FVRR)
Last fiverr international ltd. ordinary shares, no par value earnings: 2/19 07:00 am
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Source: Seeking Alpha
Engine Capital said in a letter to Upwork's board on Friday that Upwork ( UPWK ) has underperformed its closest peer Fiverr ( FVRR ) and should work to simplify its platform, reduce costs and grow its enterprise business. Engine also argued that the company needs to repurchase more of its shares. "Overall, it's hard to argue that UPWK couldn't benefit from enhancing site functionality, streamlining managerial layers, optimizing expenses, buying back shares, destaggering the Board and adding executives with staffing experience," BTIG analyst Marvin Fong wrote in a note on Friday. "Several of these points strike us as low-hanging fruit with the Board items likely being the most contentious." In response to letter, Upwork ( UPWK ) said in a statement and that it maintains an open dialogue and values input from investors and has met with Engine Capital on multiple occasions. Upwork ( UPWK ) reiterated in its statement that it's actively evaluating and planning further reductions to o
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News
- Fiverr International (FVRR) Falls More Steeply Than Broader Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Fiverr expands finance category specialty services – over 20 new services [Yahoo! Finance]Yahoo! Finance
- With the Financial Services Market Expected to Comprise 31% of the World's Economy, Fiverr Expands Its Finance Category With Nearly Two Dozen Specialty ServicesGlobeNewswire
- Fiverr Announces Financial Vertical, Here's What It Means To Freelancers And Entrepreneurs [Forbes]Forbes
- 5 Ideas To Make Money From Home Using ChatGPT In 2024 [Forbes]Forbes
FVRR
Earnings
- 7/31/24 - Beat
FVRR
Sec Filings
- 8/8/24 - Form 6-K
- 7/31/24 - Form 6-K
- 7/26/24 - Form 144
- FVRR's page on the SEC website