Jefferies Financial Group Inc. Has $363,000 Stake in Upwork Inc. (NASDAQ:UPWK)

Jefferies Financial Group Inc. trimmed its position in shares of Upwork Inc. (NASDAQ:UPWK - Free Report) by 98.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,184 shares of the company's stock after selling 1,202,816 shares during the period. Jefferies Financial Group Inc.'s holdings in Upwork were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in shares of Upwork during the 4th quarter worth about $97,000. KBC Group NV raised its position in Upwork by 39.6% during the fourth quarter. KBC Group NV now owns 6,690 shares of the company's stock valued at $109,000 after acquiring an additional 1,899 shares in the last quarter. Stoneridge Investment Partners LLC raised its position in Upwork by 19.9% during the fourth quarter. Stoneridge Investment Partners LLC now owns 16,566 shares of the company's stock valued at $271,000 after acquiring an additional 2,744 shares in the last quarter. Bristlecone Advisors LLC lifted its stake in Upwork by 54.9% in the fourth quarter. Bristlecone Advisors LLC now owns 65,113 shares of the company's stock valued at $1,065,000 after acquiring an additional 23,090 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Upwork by 1.4% in the fourth quarter. Rhumbline Advisers now owns 178,202 shares of the company's stock worth $2,914,000 after acquiring an additional 2,387 shares in the last quarter. Institutional investors and hedge funds own 77.71% of the company's stock.

Upwork Stock Performance

UPWK stock traded down $0.09 on Tuesday, reaching $16.46. 1,845,368 shares of the company were exchanged, compared to its average volume of 2,259,490. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.39 and a quick ratio of 3.39. Upwork Inc. has a 12 month low of $8.43 and a 12 month high of $18.14. The stock's fifty day moving average price is $13.87 and its 200 day moving average price is $15.25. The firm has a market capitalization of $2.17 billion, a PE ratio of 10.76 and a beta of 1.52.

Upwork (NASDAQ:UPWK - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.09. Upwork had a net margin of 28.02% and a return on equity of 50.83%. The business had revenue of $192.71 million during the quarter, compared to analyst estimates of $188.49 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The firm's revenue for the quarter was up .9% on a year-over-year basis. On average, research analysts anticipate that Upwork Inc. will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling at Upwork

In other news, insider Dave Bottoms sold 5,411 shares of the company'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 $70,721.77. Following the sale, the insider now directly owns 9,593 shares in the company, valued at approximately $125,380.51. This represents a 36.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Elizabeth A. Nelson sold 75,000 shares of the business's stock in a transaction 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 in the company, valued at approximately $286,536.42. This represents a 82.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 638,593 shares of company stock valued at $10,743,337 in the last 90 days. 7.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on UPWK. JMP Securities raised their price target on shares of Upwork from $18.00 to $20.00 and gave the company a "market outperform" rating in a report on Friday. Jefferies Financial Group cut their target price on Upwork from $21.00 to $20.00 and set a "buy" rating on the stock in a report on Monday, April 7th. BTIG Research downgraded Upwork from a "buy" rating to a "neutral" rating in a research note on Friday, April 4th. Scotiabank initiated coverage on Upwork in a report on Wednesday, March 12th. They set a "sector perform" rating and a $15.00 price objective on the stock. Finally, UBS Group boosted 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. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.67.

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.