Upwork Inc Stock Intrinsic Value – UPWORK INC Reports Third Quarter FY2023 Revenue and Net Income on November 7th

🌥️Earnings Overview

Upwork Inc ($NASDAQ:UPWK) reported on November 7 2023 that their total revenue for the third quarter of 2023 (ending September 30 2023) had risen by 10.8%, compared to the same period last year, to USD 175.7 million. Net income in the quarter was an incredible 165.8% higher than the year prior, resulting in USD 16.3 million.

Price History

On Tuesday, November 7th, UPWORK INC reported its third quarter FY2023 revenue and net income. UPWORK INC’s stock opened at $11.4 on Tuesday and closed at $12.0, rising by 6.1% from the previous day’s closing price of 11.3. This jump was likely driven by investor optimism over the company’s latest financial results. The company also announced that it has achieved profitability and increased its user base, indicating a bright future for the company despite the current economic climate. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Upwork Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Upwork Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Upwork Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Upwork Inc are shown below. More…

Analysis – Upwork Inc Stock Intrinsic Value

As GoodWhale, we have conducted a financial analysis of UPWORK INC‘s stock. Our proprietary Valuation Line has revealed an intrinsic value of around $33.4 for UPWORK INC share. This is significantly higher than its current market price of $12.0, suggesting that the stock is currently undervalued by 64.1%. This presents an opportunity for investors to capitalize on the discrepancy between the company’s true worth and its market price. More…

Peers

Some of Upwork’s main competitors include Kanzhun Ltd, LegalZoom.com Inc, and DHI Group Inc. While all these companies offer similar services, each has its own unique features that make it stand out in the market.

– Kanzhun Ltd ($NASDAQ:BZ)

Kanzhun Ltd is a Chinese internet company that offers a variety of services, including online recruitment, information technology, and e-commerce. As of 2022, the company has a market cap of 5.43 billion US dollars and a return on equity of 3.6%. Founded in 2003, Kanzhun Ltd is headquartered in Beijing, China.

– LegalZoom.com Inc ($NASDAQ:LZ)

Founded in 2001, LegalZoom is the nation’s leading provider of online legal solutions for individuals and small businesses. Our mission is to make legal simple, affordable, and accessible for everyone.

With over two million customers and more than 20,000 legal documents, we’ve helped people start their businesses, make their wills, and protect their families. We’re here to help you take care of the legal stuff so you can get back to what matters most.

LegalZoom has a market cap of 1.7B as of 2022, a Return on Equity of -34.4%. The company provides online legal solutions for individuals and small businesses.

– DHI Group Inc ($NYSE:DHX)

DHI Group, Inc. (DHI) is a provider of data and insights on the global technology, financial, and professional services industries. The Company’s products and services include Data, Insights, and Analytics, and Events and Training. DHI Group, Inc. is headquartered in New York, New York.

Summary

UPWORK INC‘s third-quarter earnings report revealed impressive growth, with total revenue up 10.8% and net income up 165.8%. This resulted in an immediate rise in stock price on November 7th. For investors, this is a good indication of the company’s solid financial performance and positive outlook for the future.

It appears that UPWORK INC’s investments have paid off, and its focus on innovation and customer satisfaction have driven meaningful increases in both top and bottom lines. For investors looking for companies with strong growth prospects, this is certainly one to consider.