Upwork (NASDAQ:UPWK) Updates Q3 2025 Earnings Guidance

Key Points

• Upwork has updated its Q3 2025 earnings guidance, projecting an EPS of 0.260-0.280 and revenue of $190.0 million-$195.0 million, slightly above consensus estimates.
• Following a recent earnings report where Upwork exceeded EPS and revenue expectations, the stock saw a 7.5% increase in value.
• Analysts are generally bullish on Upwork, with a majority assigning it a "buy" or "strong buy" rating, and the stock currently has an average target price of $18.67.

Upwork (NASDAQ:UPWK - Get Free Report) issued an update on its third quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.260-0.280 for the period, compared to the consensus estimate of 0.268. The company issued revenue guidance of $190.0 million-$195.0 million, compared to the consensus revenue estimate of $187.7 million. Upwork also updated its FY 2025 guidance to 1.140-1.180 EPS.

Analyst Ratings Changes

A number of research firms have recently issued reports on UPWK. JMP Securities upped their price objective on Upwork from $18.00 to $20.00 and gave the stock a "market outperform" rating in a report on Friday, May 16th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $18.00 price objective on shares of Upwork in a report on Monday, June 2nd. Wall Street Zen upgraded Upwork from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Needham & Company LLC reiterated a "buy" rating and issued a $19.00 price objective on shares of Upwork in a report on Tuesday, May 6th. Finally, Citigroup reissued an "outperform" rating on shares of Upwork in a research note on Friday, May 16th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.67.

Upwork Stock Up 7.5%

UPWK stock opened at $12.85 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.41 and a current ratio of 3.41. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 7.73 and a beta of 1.38. The business's 50 day moving average price is $13.61 and its two-hundred day moving average price is $14.32. Upwork has a fifty-two week low of $8.43 and a fifty-two week high of $18.14.

Upwork (NASDAQ:UPWK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.09. The company had revenue of $194.94 million for the quarter, compared to the consensus estimate of $187.56 million. Upwork had a return on equity of 48.38% and a net margin of 30.46%. The firm's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. As a group, analysts forecast that Upwork will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Upwork

In other news, CFO Erica Gessert sold 9,267 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $13.51, for a total transaction of $125,197.17. Following the transaction, the chief financial officer directly owned 190,738 shares of the company's stock, valued at $2,576,870.38. This represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Hayden Brown sold 23,716 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $13.51, for a total value of $320,403.16. Following the completion of the transaction, the chief executive officer directly owned 1,153,485 shares in the company, valued at approximately $15,583,582.35. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 505,454 shares of company stock worth $8,536,163. Insiders own 7.50% of the company's stock.

Hedge Funds Weigh In On Upwork

A number of institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Upwork by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,466 shares of the company's stock valued at $972,000 after acquiring an additional 3,599 shares during the period. Royal Bank of Canada raised its holdings in Upwork by 68.9% during the first quarter. Royal Bank of Canada now owns 191,587 shares of the company's stock valued at $2,501,000 after acquiring an additional 78,123 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Upwork by 10.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 338,680 shares of the company's stock valued at $4,420,000 after acquiring an additional 31,378 shares during the period. Finally, Millennium Management LLC grew its position in shares of Upwork by 364.0% during the first quarter. Millennium Management LLC now owns 789,638 shares of the company's stock valued at $10,305,000 after purchasing an additional 619,459 shares in the last quarter. 77.71% of the stock is owned by institutional investors.

About Upwork

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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