Upwork (UPWK) Projected to Post Earnings on Thursday

Key Points

• Q1 2026 results are due after the market close on May 7, 2026 at 5:00 PM ET, with analysts forecasting $0.25 EPS and $196.22M in revenue.
• The board approved a $300 million stock repurchase plan allowing buybacks of up to 18% of outstanding shares, a move typically signaling that management views the stock as undervalued.
• Shares opened near $10.35 (market cap ~$1.28B, P/E 12.3), well below the Street's average price target of $22.60; insiders have sold ~235,186 shares in the past 90 days while institutions own ~77.7%.

Upwork (NASDAQ:UPWK - Get Free Report) is expected to issue its Q1 2026 results after the market closes on Thursday, May 7th. Analysts expect Upwork to post earnings of $0.25 per share and revenue of $196.2220 million for the quarter. Individuals may visit the the company's upcoming Q1 2026 earning results page for the latest details on the call scheduled for Thursday, May 7, 2026 at 5:00 PM ET.

Upwork Stock Down 0.3%

Upwork stock opened at $10.35 on Thursday. The firm has a market capitalization of $1.28 billion, a PE ratio of 12.32 and a beta of 1.18. Upwork has a 52 week low of $10.22 and a 52 week high of $22.84. The firm's 50-day simple moving average is $11.73 and its 200 day simple moving average is $16.21.

Upwork announced that its board has approved a stock repurchase plan on Wednesday, February 18th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 18% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Upwork news, CFO Erica Gessert sold 9,278 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $12.31, for a total transaction of $114,212.18. Following the transaction, the chief financial officer owned 307,240 shares of the company's stock, valued at $3,782,124.40. This represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dave Bottoms sold 7,000 shares of the firm's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $11.49, for a total value of $80,430.00. Following the sale, the insider owned 2,678 shares in the company, valued at $30,770.22. This trade represents a 72.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 235,186 shares of company stock worth $3,156,199. 7.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Upwork

Several institutional investors have recently added to or reduced their stakes in the business. Mangrove Partners IM LLC acquired a new stake in Upwork in the 4th quarter worth about $275,000. Numerai GP LLC acquired a new position in shares of Upwork during the 4th quarter valued at about $273,000. Caption Management LLC purchased a new position in shares of Upwork during the 3rd quarter worth about $254,000. CIBC Bancorp USA Inc. purchased a new position in shares of Upwork during the 3rd quarter worth about $244,000. Finally, Caxton Associates LLP acquired a new stake in shares of Upwork in the second quarter worth approximately $241,000. 77.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Roth Mkm lifted their price objective on Upwork from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Weiss Ratings reissued a "hold (c+)" rating on shares of Upwork in a research report on Wednesday, January 21st. Jefferies Financial Group boosted their price target on Upwork from $22.00 to $27.00 and gave the stock a "buy" rating in a report on Monday, January 5th. Wall Street Zen upgraded Upwork from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Finally, Canaccord Genuity Group set a $22.00 price objective on Upwork in a research note on Tuesday, February 10th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.60.

Upwork Company Profile

Upwork Inc operates a leading online talent marketplace that connects businesses with independent professionals worldwide. Through its digital platform, the company enables clients across industries—including technology, marketing, creative services and customer support—to source, hire and manage freelance talent on demand. Key features of the Upwork platform include streamlined job posting, proposal evaluation, time-tracking tools, invoicing and secure payment processing, all designed to simplify collaboration between clients and remote workers.

The company traces its roots to the merger of two pioneering freelance marketplaces, Elance (founded in 1998) and oDesk (founded in 2003), which combined in 2015 to form a unified entity.

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