Upwork Inc. (NASDAQ:UPWK - Get Free Report) CFO Erica Gessert sold 9,267 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $13.51, for a total value of $125,197.17. Following the completion of the sale, the chief financial officer now owns 190,738 shares of the company's stock, valued at $2,576,870.38. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Erica Gessert also recently made the following trade(s):
- On Monday, May 19th, Erica Gessert sold 19,677 shares of Upwork stock. The shares were sold at an average price of $16.56, for a total value of $325,851.12.
Upwork Stock Up 1.4%
Shares of UPWK stock traded up $0.19 on Thursday, reaching $13.57. 2,439,697 shares of the company were exchanged, compared to its average volume of 2,298,243. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.41 and a quick ratio of 3.41. The company has a 50-day moving average of $14.81 and a 200-day moving average of $15.02. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 8.13 and a beta of 1.44. Upwork Inc. has a one year low of $8.43 and a one year high of $18.14.
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. The firm had revenue of $192.71 million during the quarter, compared to analysts' expectations of $188.49 million. Upwork had a return on equity of 48.38% and a net margin of 30.46%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. Analysts anticipate that Upwork Inc. will post 0.84 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts recently commented on UPWK shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 price objective on shares of Upwork in a research note on Tuesday, May 6th. Wall Street Zen raised shares of Upwork from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Royal Bank Of Canada reissued a "sector perform" rating and set a $18.00 target price on shares of Upwork in a research note on Monday, June 2nd. Scotiabank initiated coverage on shares of Upwork in a research report on Wednesday, March 12th. They set a "sector perform" rating and a $15.00 price target on the stock. Finally, Jefferies Financial Group lowered their price objective on Upwork from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Upwork presently has an average rating of "Moderate Buy" and an average price target of $18.67.
Check Out Our Latest Report on UPWK
Institutional Trading of Upwork
A number of hedge funds and other institutional investors have recently bought and sold shares of UPWK. Rhumbline Advisers grew its holdings in shares of Upwork by 1.4% during the fourth quarter. Rhumbline Advisers now owns 178,202 shares of the company's stock valued at $2,914,000 after buying an additional 2,387 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Upwork during the fourth quarter worth about $996,000. Bank of New York Mellon Corp lifted its position in shares of Upwork by 9.3% during the 4th quarter. Bank of New York Mellon Corp now owns 413,248 shares of the company's stock worth $6,757,000 after buying an additional 35,074 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Upwork in the 4th quarter worth approximately $84,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Upwork by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,946 shares of the company's stock valued at $17,592,000 after acquiring an additional 64,438 shares in the last quarter. Institutional investors own 77.71% of the company's stock.
Upwork Company Profile
(
Get Free Report)
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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