Upwork (NASDAQ:UPWK - Get Free Report) updated its second quarter 2025 earnings guidance on Monday. The company provided earnings per share guidance of 0.260-0.280 for the period, compared to the consensus earnings per share estimate of 0.270. The company issued revenue guidance of $184.0 million-$189.0 million, compared to the consensus revenue estimate of $187.1 million. Upwork also updated its FY 2025 guidance to 1.140-1.180 EPS.
Upwork Stock Up 3.0 %
Shares of UPWK stock traded up $0.48 during midday trading on Thursday, reaching $16.75. 1,069,954 shares of the stock were exchanged, compared to its average volume of 2,238,428. Upwork has a 1 year low of $8.43 and a 1 year high of $18.14. The company's 50 day moving average is $13.32 and its two-hundred day moving average is $14.96. The firm has a market cap of $2.27 billion, a PE ratio of 10.95 and a beta of 1.52. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.62.
Upwork (NASDAQ:UPWK - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 50.83% and a net margin of 28.02%. The firm's revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share. On average, equities research analysts predict that Upwork will post 0.84 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. Needham & Company LLC restated a "buy" rating and issued a $19.00 price objective on shares of Upwork in a research report on Tuesday. Roth Mkm cut their price objective on Upwork from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group decreased their price target on shares of Upwork from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Monday, April 7th. UBS Group boosted their price objective on Upwork from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Scotiabank began coverage on shares of Upwork in a research report on Wednesday, March 12th. They issued a "sector perform" rating and a $15.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Upwork currently has an average rating of "Moderate Buy" and an average price target of $18.50.
Get Our Latest Stock Report on Upwork
Insider Activity at Upwork
In other news, CEO Hayden Brown sold 21,122 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.15, for a total transaction of $341,120.30. Following the sale, the chief executive officer now owns 1,275,083 shares in the company, valued at $20,592,590.45. This represents a 1.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dave Bottoms sold 5,411 shares of Upwork stock in a transaction 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 of the company's stock, valued at $125,380.51. This represents a 36.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,108 shares of company stock worth $3,046,648. 7.60% of the stock is currently owned by company insiders.
Upwork Company Profile
(
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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.
Further Reading
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