Upwork (UPWK) Expected to Announce Earnings on Monday

Upwork (NASDAQ:UPWK - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Monday, May 5th. Analysts expect Upwork to post earnings of $0.25 per share and revenue of $188.49 million for the quarter. Upwork has set its FY 2025 guidance at 1.050-1.100 EPS and its Q1 2025 guidance at 0.240-0.260 EPS.

Upwork (NASDAQ:UPWK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.79. Upwork had a net margin of 28.02% and a return on equity of 50.83%. On average, analysts expect Upwork to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Upwork Stock Performance

Shares of Upwork stock opened at $13.54 on Monday. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.62. Upwork has a twelve month low of $8.43 and a twelve month high of $18.14. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 8.85 and a beta of 1.60. The company's fifty day moving average is $13.64 and its 200 day moving average is $14.82.

Insider Buying and Selling at Upwork

In other Upwork news, CFO Erica Gessert sold 4,316 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $13.07, for a total value of $56,410.12. Following the completion of the sale, the chief financial officer now owns 160,945 shares of the company's stock, valued at approximately $2,103,551.15. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth A. Nelson sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $17.58, for a total value of $1,318,500.00. Following the completion of the sale, the director now directly owns 16,299 shares of the company's stock, valued at $286,536.42. This trade represents a 82.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 193,108 shares of company stock valued at $3,046,648. Company insiders own 7.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UPWK. Needham & Company LLC increased their price target on Upwork from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. BTIG Research downgraded Upwork from a "buy" rating to a "neutral" rating in a report on Friday, April 4th. Roth Mkm lowered their target price on Upwork from $20.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Royal Bank of Canada lifted their target price on Upwork from $16.00 to $18.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Finally, UBS Group lifted their target price on Upwork from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $18.58.

About Upwork

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.

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