Upwork (UPWK) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $10.40 to $10.79
• 50-Day Range: $9.01 to $12.12
• 52-Week Range: $8.43 to $16.36
• Volume: 1.60 million shs
• Average Volume: 2.13 million shs
• Market Capitalization: $1.43 billion
• P/E Ratio: 30.77
• Dividend Yield: N/A
• Price Target: $15.70
• Consensus Rating: Moderate Buy

Upwork Stock Analysis - MarketRank™

Upwork scored higher than 92% of companies evaluated by MarketBeat, and ranked 112th out of 668 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Upwork has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Upwork has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 21.57%

Earnings Growth

Earnings for Upwork are expected to grow by 21.57% in the coming year, from $0.51 to $0.62 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Upwork is 30.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.97.

Price to Earnings Ratio vs. Sector

The P/E ratio of Upwork is 30.77, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 276.43.

Price to Book Value per Share Ratio

Upwork has a P/B Ratio of 3.85. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

9.95% of the float of Upwork has been sold short.

Short Interest Ratio / Days to Cover

Upwork has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Upwork has recently decreased by 9.78%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Upwork does not currently pay a dividend.

Dividend Growth

Upwork does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.95% of the float of Upwork has been sold short.

Short Interest Ratio / Days to Cover

Upwork has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Upwork has recently decreased by 9.78%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.18

News Sentiment

Upwork has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.43 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 19 news articles for Upwork this week, compared to 5 articles on an average week.

Search Interest

12 people have searched for UPWK on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Upwork to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Upwork insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $887,007.00 in company stock.

Percentage Held by Insiders

Only 7.60% of the stock of Upwork is held by insiders.

Percentage Held by Institutions

77.71% of the stock of Upwork is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

UPWK Stock Analysis - Frequently Asked Questions

How have UPWK shares performed this year?

Upwork's stock was trading at $14.87 at the beginning of 2024. Since then, UPWK shares have decreased by 27.6% and is now trading at $10.77.
View the best growth stocks for 2024 here.

How were Upwork's earnings last quarter?

Upwork Inc. (NASDAQ:UPWK) posted its quarterly earnings data on Wednesday, August, 7th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. Upwork's revenue was up 14.5% on a year-over-year basis.

Does Upwork have any subsidiaries?

Upwork subsidiaries include these companies: Elance Inc, Elance Limited Inc, UPW Holdco Inc., Upwork Escrow Inc, Upwork Global Inc, Upwork Payments Inc., and Upwork Talent Group Inc.

When did Upwork IPO?

Upwork (UPWK) raised $135 million in an initial public offering 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 served as the underwriters for the IPO and Stifel and JMP Securities were co-managers.

Who are Upwork's major shareholders?

Top institutional shareholders of Upwork include Baillie Gifford & Co. (2.72%), Divisadero Street Capital Management LP (2.52%), Dorsey Asset Management LLC (2.05%) and Renaissance Technologies LLC (1.38%). Insiders that own company stock include Hayden Brown, Kevin Harvey, Erica Gessert, Jeff Mccombs, Gary Steele, Eric Gilpin, Leela Srinivasan, Elizabeth A Nelson, Olivier Marie, Dave Bottoms 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.

What other stocks do shareholders of Upwork own?

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

Company Calendar

• Last Earnings: 8/07/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Data processing & preparation
• Sub-Industry: N/A
• Current Symbol: NASDAQ:UPWK
• CUSIP: N/A
• CIK: 1627475
• Web: www.upwork.com
• Phone: (650) 316-7500
• Fax: N/A
• Employees: 800
• Year Founded: 2015

Price Target and Rating

• Average Stock Price Target: $15.70
• High Stock Price Target: $21.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +45.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.35
• Trailing P/E Ratio: 30.77
• Forward P/E Ratio: 21.12
• P/E Growth: N/A
• Net Income: $46.89 million
• Net Margins: 10.00%
• Pretax Margin: 10.25%
• Return on Equity: 20.75%
• Return on Assets: 7.42%

Debt

• Debt-to-Equity Ratio: 0.99
• Current Ratio: 3.00
• Quick Ratio: 3.00

Sales & Book Value

• Annual Sales: $743.73 million
• Price / Sales: 1.93
• Cash Flow: $0.37 per share
• Price / Cash Flow: 29.14
• Book Value: $2.80 per share
• Price / Book: 3.85

Miscellaneous

• Outstanding Shares: 133,118,000
• Free Float: 123,001,000
• Market Cap: $1.43 billion
• Optionable: Optionable
• Beta: 1.54