NASDAQ:UPWK

Upwork (UPWK) Stock Price, News & Analysis

$11.96
+0.26 (+2.22%)
(As of 05/1/2024 ET)
Today's Range
$11.82
$12.34
50-Day Range
$11.12
$13.50
52-Week Range
$6.56
$16.36
Volume
3.97 million shs
Average Volume
1.99 million shs
Market Capitalization
$1.59 billion
P/E Ratio
170.88
Dividend Yield
N/A
Price Target
$16.55

Upwork MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
38.3% Upside
$16.55 Price Target
Short Interest
Bearish
11.43% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.51mentions of Upwork in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$851,894 Sold Last Quarter
Proj. Earnings Growth
230.95%
From $0.42 to $1.39 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.78 out of 5 stars

Computer And Technology Sector

204th out of 585 stocks

Data Processing & Preparation Industry

10th out of 54 stocks

UPWK stock logo

About Upwork Stock (NASDAQ:UPWK)

Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Payroll and Upwork Enterprise, as well as managed and escrow services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

UPWK Stock Price History

UPWK Stock News Headlines

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Thanks to a little-known “Pathfinder” trading phenomenon… Traders have recently unlocked one of the most powerful idea-generation sources in the history of trading. At every single market open.
Short Interest in Upwork Inc. (NASDAQ:UPWK) Increases By 35.4%
Upwork Rises Higher Than Market: Key Facts
😱 This phenomenon is smashing regular market gains
Thanks to a little-known “Pathfinder” trading phenomenon… Traders have recently unlocked one of the most powerful idea-generation sources in the history of trading. At every single market open.
Upwork (UPWK) Scheduled to Post Earnings on Wednesday
1 Growth Stock Down 42% to Buy Right Now
Upwork Unveils Most In-Demand Work Skills in 2024
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Today
5/01/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:UPWK
Fax
N/A
Employees
800
Year Founded
2015

Price Target and Rating

Average Stock Price Target
$16.55
High Stock Price Target
$22.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+41.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$46.89 million
Pretax Margin
7.09%

Debt

Sales & Book Value

Annual Sales
$689.14 million
Cash Flow
$0.35 per share
Book Value
$2.80 per share

Miscellaneous

Free Float
120,651,000
Market Cap
$1.55 billion
Optionable
Optionable
Beta
1.67

Social Links

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Key Executives

  • Ms. Hayden BrownMs. Hayden Brown (Age 42)
    President, CEO & Director
    Comp: $913.48k
  • Ms. Erica Gessert (Age 49)
    Chief Financial Officer
    Comp: $738.93k
  • Mr. Olivier Marie (Age 54)
    Chief Accounting Officer, Treasurer, Principal Accounting Officer & Controller
  • Mr. David Niederman
    Vice President of Investor Relations
  • Mr. Brian Levey (Age 56)
    Chief Business Affairs & Legal Officer and Corporate Secretary
  • Ms. Melissa Waters (Age 47)
    Chief Marketing Officer
  • Ms. Sunita Solao (Age 48)
    Chief People Officer
  • Mr. Andrew Rabinovich
    VP, Head of AI & Machine Learning
  • Paul Black
    VP of Engineering & Chief Information Security Officer

UPWK Stock Analysis - Frequently Asked Questions

Should I buy or sell Upwork stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" UPWK shares.
View UPWK analyst ratings
or view top-rated stocks.

What is Upwork's stock price target for 2024?

11 brokerages have issued 1-year price objectives for Upwork's shares. Their UPWK share price targets range from $9.00 to $22.00. On average, they expect the company's stock price to reach $16.55 in the next twelve months. This suggests a possible upside of 38.3% from the stock's current price.
View analysts price targets for UPWK
or view top-rated stocks among Wall Street analysts.

How have UPWK shares performed in 2024?

Upwork's stock was trading at $14.87 on January 1st, 2024. Since then, UPWK stock has decreased by 19.6% and is now trading at $11.96.
View the best growth stocks for 2024 here
.

Are investors shorting Upwork?

Upwork saw a increase in short interest in April. As of April 15th, there was short interest totaling 13,950,000 shares, an increase of 35.4% from the March 31st total of 10,300,000 shares. Based on an average daily volume of 2,010,000 shares, the short-interest ratio is presently 6.9 days. Currently, 11.4% of the company's stock are sold short.
View Upwork's Short Interest
.

When is Upwork's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our UPWK earnings forecast
.

How can I listen to Upwork's earnings call?

Upwork will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Upwork's earnings last quarter?

Upwork Inc. (NASDAQ:UPWK) posted its earnings results on Wednesday, February, 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $183.93 million for the quarter, compared to analyst estimates of $178.43 million. Upwork had a trailing twelve-month return on equity of 14.21% and a net margin of 6.80%.

What ETFs hold Upwork's stock?

ETFs with the largest weight of Upwork (NASDAQ:UPWK) stock in their portfolio include Amplify Online Retail ETF (IBUY), SoFi Be Your Own Boss ETF (BYOB), SoFi Be Your Own Boss ETF (GIGE) and Hypatia Women CEO ETF (WCEO).Gen Z ETF (ZGEN).

What guidance has Upwork issued on next quarter's earnings?

Upwork issued an update on its FY24 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of $0.88 to $0.92 for the period, compared to the consensus estimate of $0.80. The company issued revenue guidance of $770 million to $782 million from $760 million to $780 million, compared to the consensus revenue estimate of $771.58 million.

What is Hayden Brown's approval rating as Upwork's CEO?

32 employees have rated Upwork Chief Executive Officer Hayden Brown on Glassdoor.com. Hayden Brown has an approval rating of 85% among the company's employees.

What other stocks do shareholders of Upwork own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Upwork investors own include NVIDIA (NVDA), Shopify (SHOP), Advanced Micro Devices (AMD), Twilio (TWLO), Alibaba Group (BABA), Block (SQ), Zoom Video Communications (ZM), Trade Desk (TTD), DocuSign (DOCU) and Teladoc Health (TDOC).

When did Upwork IPO?

Upwork (UPWK) raised $135 million in an IPO on Wednesday, October 3rd 2018. The company issued 12,300,000 shares at $10.00-$12.00 per share. Citigroup, Jefferies and RBC Capital Markets acted as the underwriters for the IPO and Stifel and JMP Securities were co-managers.

Who are Upwork's major shareholders?

Upwork's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (3.36%), Horrell Capital Management Inc. (0.28%), Shaker Investments LLC OH (0.14%), Simplex Trading LLC (0.00%), Los Angeles Capital Management LLC (0.10%) and IMC Chicago LLC (0.00%). Insiders that own company stock include Elizabeth A Nelson, Eric Gilpin, Gary Steele, Hayden Brown, Jeff Mccombs, Kevin Harvey, Leela Srinivasan, Olivier Marie, Susan Miranda Green and Thomas Layton.
View institutional ownership trends
.

How do I buy shares of Upwork?

Shares of UPWK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Upwork have any subsidiaries?
The following companies are subsidiares of Upwork: Elance Inc, Elance Limited Inc, UPW Holdco Inc., Upwork Escrow Inc, Upwork Global Inc, Upwork Payments Inc., and Upwork Talent Group Inc.
Read More
This page (NASDAQ:UPWK) was last updated on 5/1/2024 by MarketBeat.com Staff

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