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NASDAQ:UPWK

Upwork (UPWK) Stock Price, News & Analysis

Upwork logo
$16.74 +0.18 (+1.09%)
(As of 12/24/2024 05:19 PM ET)

About Upwork Stock (NASDAQ:UPWK)

Key Stats

Today's Range
$16.43
$16.79
50-Day Range
$10.05
$17.49
52-Week Range
$8.43
$18.14
Volume
540,727 shs
Average Volume
2.16 million shs
Market Capitalization
$2.24 billion
P/E Ratio
26.57
Dividend Yield
N/A
Price Target
$18.36
Consensus Rating
Moderate Buy

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.

Upwork Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
53rd Percentile Overall Score

UPWK MarketRank™: 

Upwork scored higher than 53% of companies evaluated by MarketBeat, and ranked 381st out of 655 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Upwork has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Upwork has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Upwork's stock forecast and price target.
  • Earnings Growth

    Earnings for Upwork are expected to grow by 38.46% in the coming year, from $0.65 to $0.90 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Upwork is 26.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.10.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Upwork is 26.57, 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 240.06.

  • Price to Book Value per Share Ratio

    Upwork has a P/B Ratio of 5.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    9.55% 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 5.1.
  • Change versus previous month

    Short interest in Upwork has recently increased by 6.46%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Upwork does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    9.55% 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 5.1.
  • Change versus previous month

    Short interest in Upwork has recently increased by 6.46%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Upwork has a news sentiment score of 0.45. 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 0.56 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 21 news articles for Upwork this week, compared to 7 articles on an average week.
  • Search Interest

    Only 5 people have searched for UPWK on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Upwork to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
  • 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 $3,525,935.00 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.

  • Read more about Upwork's insider trading history.
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UPWK Stock News Headlines

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UPWK Stock Analysis - Frequently Asked Questions

Upwork's stock was trading at $14.87 on January 1st, 2024. Since then, UPWK shares have increased by 12.6% and is now trading at $16.74.
View the best growth stocks for 2024 here
.

Upwork Inc. (NASDAQ:UPWK) released its quarterly earnings data on Wednesday, November, 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. The company's revenue for the quarter was up 10.3% on a year-over-year basis.

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

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.

Top institutional investors of Upwork include Baillie Gifford & Co. (2.49%), Geode Capital Management LLC (2.15%), Invenomic Capital Management LP (1.75%) and Two Sigma Advisers LP (0.79%). Insiders that own company stock include Hayden Brown, Kevin Harvey, Erica Gessert, Jeff Mccombs, Gary Steele, Eric Gilpin, Elizabeth A Nelson, Leela Srinivasan, Dave Bottoms and Olivier Marie.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Upwork investors own include NVIDIA (NVDA), Meta Platforms (META), Invesco QQQ (QQQ), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX) and Verizon Communications (VZ).

Company Calendar

Last Earnings
11/06/2024
Today
12/25/2024
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
$18.36
High Stock Price Target
$24.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+9.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$46.89 million
Pretax Margin
11.53%

Debt

Sales & Book Value

Annual Sales
$761.78 million
Cash Flow
$0.34 per share
Book Value
$2.80 per share

Miscellaneous

Free Float
123,508,000
Market Cap
$2.24 billion
Optionable
Optionable
Beta
1.58

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This page (NASDAQ:UPWK) was last updated on 12/25/2024 by MarketBeat.com Staff
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