NASDAQ:UPWK

Upwork (UPWK) Stock Price, News & Analysis

$11.18
-0.18 (-1.58%)
(As of 04/25/2024 ET)
Today's Range
$11.06
$11.19
50-Day Range
$11.12
$13.88
52-Week Range
$6.56
$16.36
Volume
1.21 million shs
Average Volume
1.98 million shs
Market Capitalization
$1.54 billion
P/E Ratio
159.74
Dividend Yield
N/A
Price Target
$16.55

Upwork MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
48.0% Upside
$16.55 Price Target
Short Interest
Bearish
11.43% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.22mentions of Upwork in the last 14 days
Based on 7 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.

3.63 out of 5 stars

Computer And Technology Sector

217th out of 591 stocks

Data Processing & Preparation Industry

15th out of 51 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

“Retirement Secret” Showed 995% Gain Last Time We Shared It
Central Banks Buying Gold in Record Numbers Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can… Stacking it in their locked vaults on pallets in record numbers.
Upwork Rises Higher Than Market: Key Facts
Upwork (UPWK) Scheduled to Post Earnings on Wednesday
“Retirement Secret” Showed 995% Gain Last Time We Shared It
Central Banks Buying Gold in Record Numbers Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can… Stacking it in their locked vaults on pallets in record numbers.
1 Growth Stock Down 42% to Buy Right Now
Upwork Unveils Most In-Demand Work Skills in 2024
UPWK Apr 2024 30.000 call
Upwork: Green Shoots Are Emerging
3 Stocks to Buy in the Event of a Small-Cap Comeback
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Today
4/26/2024
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
+48.0%
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
$0.34 per share
Book Value
$2.80 per share

Miscellaneous

Free Float
125,028,000
Market Cap
$1.54 billion
Optionable
Optionable
Beta
1.67

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Key Executives

  • Ms. Hayden BrownMs. Hayden Brown (Age 42)
    President, CEO & Director
    Comp: $1.02M
  • Ms. Erica Gessert (Age 49)
    Chief Financial Officer
  • Ms. Elizabeth Tse (Age 55)
    Senior Vice President of Operations
  • Mr. Olivier Marie (Age 54)
    Chief Accounting Officer, Treasurer, Principal Accounting Officer & Controller
  • Denise Garcia
    Investor Relations Officer
  • Mr. Brian Levey (Age 56)
    Chief Business Affairs & Legal Officer and Secretary
  • Ms. Amanda Vinson (Age 43)
    Senior Vice President of Corporate Strategy & Development
  • Ms. Melissa Waters (Age 46)
    Chief Marketing Officer
  • Ms. Sunita Solao (Age 48)
    Chief People Officer
  • Ms. Erin L. Thomas Ph.D.
    Head of Diversity, Inclusion & Belonging

UPWK Stock Analysis - Frequently Asked Questions

Should I buy or sell Upwork stock right now?

11 Wall Street research 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 research 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 Wall Street analysts have issued 12-month price objectives for Upwork's stock. Their UPWK share price targets range from $9.00 to $22.00. On average, they anticipate the company's stock price to reach $16.55 in the next year. This suggests a possible upside of 48.0% 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 at the start of the year. Since then, UPWK stock has decreased by 24.8% and is now trading at $11.18.
View the best growth stocks for 2024 here
.

Are investors shorting Upwork?

Upwork saw a increase in short interest during the month of 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 trading volume, of 2,010,000 shares, the days-to-cover ratio is currently 6.9 days. Currently, 11.4% of the shares of the company are short sold.
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 for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $183.93 million for the quarter, compared to analysts' expectations 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) and SoFi Be Your Own Boss ETF (GIGE).Gen Z ETF (ZGEN).

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

Upwork issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share guidance of 0.170-0.190 for the period, compared to the consensus earnings per share estimate of 0.140. The company issued revenue guidance of $183.0 million-$188.0 million, compared to the consensus revenue estimate of $181.6 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 a price of $10.00-$12.00 per share. Citigroup, Jefferies and RBC Capital Markets served 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 variety of retail and institutional investors. Top institutional investors include Horrell Capital Management Inc. (0.28%), Shaker Investments LLC OH (0.14%), Simplex Trading LLC (0.00%), Los Angeles Capital Management LLC (0.10%), IMC Chicago LLC (0.00%) and Rice Hall James & Associates LLC (0.08%). 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 4/26/2024 by MarketBeat.com Staff

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