Roth Capital Issues Negative Outlook for Upwork Earnings

Upwork Inc. (NASDAQ:UPWK - Free Report) - Equities research analysts at Roth Capital cut their Q3 2025 EPS estimates for Upwork in a report released on Tuesday, May 6th. Roth Capital analyst R. Kulkarni now anticipates that the company will earn $0.26 per share for the quarter, down from their prior estimate of $0.30. The consensus estimate for Upwork's current full-year earnings is $0.84 per share. Roth Capital also issued estimates for Upwork's Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.31 EPS, Q3 2026 earnings at $0.32 EPS and Q4 2026 earnings at $0.32 EPS.

Upwork (NASDAQ:UPWK - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. Upwork had a net margin of 28.02% and a return on equity of 50.83%. The company had revenue of $192.71 million during the quarter, compared to the consensus estimate of $188.49 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm's revenue for the quarter was up .9% on a year-over-year basis.

A number of other analysts also recently issued reports on UPWK. Citigroup decreased their price objective on shares of Upwork from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Royal Bank of Canada restated a "sector perform" rating and set a $18.00 target price on shares of Upwork in a research report on Tuesday, May 6th. Roth Mkm lowered their price target on Upwork from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Needham & Company LLC reiterated a "buy" rating and set a $19.00 target price on shares of Upwork in a report on Tuesday, May 6th. Finally, Scotiabank started coverage on Upwork in a research report on Wednesday, March 12th. They issued a "sector perform" rating and a $15.00 target price for the company. 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 MarketBeat, Upwork presently has a consensus rating of "Moderate Buy" and an average price target of $18.50.

Upwork Stock Up 2.6 %

UPWK stock traded up $0.43 during trading on Thursday, reaching $16.88. The stock had a trading volume of 1,711,703 shares, compared to its average volume of 2,238,808. Upwork has a one year low of $8.43 and a one year high of $18.14. The company's 50 day moving average is $13.40 and its two-hundred day moving average is $15.06. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 11.03 and a beta of 1.52. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.62.

Insider Activity

In other Upwork news, CEO Hayden Brown sold 21,122 shares of Upwork stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.15, for a total value of $341,120.30. Following the completion of the sale, the chief executive officer now owns 1,275,083 shares of the company's stock, valued at approximately $20,592,590.45. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Erica Gessert sold 4,316 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $13.07, for a total value of $56,410.12. Following the transaction, the chief financial officer now directly owns 160,945 shares in the company, valued at approximately $2,103,551.15. The trade was a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 233,108 shares of company stock worth $3,683,448 over the last 90 days. 7.50% of the stock is currently owned by insiders.

Institutional Trading of Upwork

Large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Upwork by 51.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,498,688 shares of the company's stock worth $253,405,000 after purchasing an additional 5,289,493 shares during the last quarter. LSV Asset Management boosted its stake in shares of Upwork by 364.5% in the 1st quarter. LSV Asset Management now owns 5,351,406 shares of the company's stock worth $69,836,000 after buying an additional 4,199,244 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Upwork by 86.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,303,035 shares of the company's stock worth $54,005,000 after acquiring an additional 1,534,078 shares during the period. Dorsey Asset Management LLC increased its position in Upwork by 15.0% during the fourth quarter. Dorsey Asset Management LLC now owns 3,045,142 shares of the company's stock valued at $49,788,000 after acquiring an additional 397,997 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Upwork by 49.2% in the fourth quarter. Two Sigma Investments LP now owns 2,436,680 shares of the company's stock valued at $39,840,000 after acquiring an additional 803,929 shares during the period. 77.71% of the stock is currently owned by institutional investors.

Upwork Company Profile

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.