NASDAQ:UPWKUpwork Stock Price, Forecast & News

Upwork's stock was trading at $8.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, UPWK stock has increased by 108.5% and is now trading at $17.51.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Upwork Inc (NASDAQ:UPWK) posted its earnings results on Wednesday, May, 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.03. The business had revenue of $74.80 million for the quarter, compared to the consensus estimate of $80.04 million. Upwork had a negative net margin of 6.44% and a negative return on equity of 7.85%. Upwork's revenue for the quarter was up 8.6% on a year-over-year basis.
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Upwork updated its third quarter 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $89-91 million, compared to the consensus revenue estimate of $85.04 million.

7 analysts have issued 12 month target prices for Upwork's shares. Their forecasts range from $10.00 to $18.00. On average, they expect Upwork's share price to reach $13.63 in the next year. This suggests that the stock has a possible downside of 22.2%.
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Media coverage about UPWK stock has trended somewhat negative recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Upwork earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the near future.
View the latest news about Upwork.

Upwork saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,130,000 shares, a drop of 18.6% from the June 30th total of 6,300,000 shares. Based on an average daily volume of 2,950,000 shares, the short-interest ratio is presently 1.7 days. Currently, 6.2% of the company's stock are short sold.
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Some companies that are related to Upwork include Globant (GLOB), Proofpoint (PFPT), YY (YY), Corelogic (CLGX), DXC Technology (DXC), Inovalon (INOV), Change Healthcare (CHNG), CarGurus (CARG), LiveRamp (RAMP), Evertec (EVTC), Yext (YEXT), Shutterstock (SSTK), SciPlay (SCPL), 8X8 (EGHT) and Computer Services (CSVI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Upwork investors own include Alibaba Group (BABA), NVIDIA (NVDA), Shopify (SHOP), Trade Desk (TTD), Paypal (PYPL), Twilio (TWLO), Advanced Micro Devices (AMD), salesforce.com (CRM), DexCom (DXCM) and Roku (ROKU).

(UPWK) raised $135 million in an initial public offering (IPO) on Wednesday, October 3rd 2018. The company issued 12,300,000 shares at $10.00-$12.00 per share. Citigroup, Jefferies and RBC Capital Markets acted as the underwriters for the IPO and Stifel and JMP Securities were co-managers.

Upwork trades on the NASDAQ under the ticker symbol "UPWK."

Upwork's stock is owned by a number of institutional and retail investors. Top institutional investors include Frontier Capital Management Co. LLC (0.69%), Kornitzer Capital Management Inc. KS (0.46%), Edge Wealth Management LLC (0.13%), Cadence Capital Management LLC (0.13%), SG Americas Securities LLC (0.09%) and O Brien Wealth Partners LLC (0.05%). Company insiders that own Upwork stock include Brian K Kinion, Bruce Dunlevie, Dan Marriott, Globespan Management Associate, Gregory C Gretsch, Han-Shen Yuan, Hayden Brown, Stephane Kasriel, Steven M Spurlock and Thomas Layton.
View institutional ownership trends for Upwork.

UPWK stock was purchased by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Kornitzer Capital Management Inc. KS, Cadence Capital Management LLC, Edge Wealth Management LLC, O Brien Wealth Partners LLC, SG Americas Securities LLC, Strs Ohio, and Parallel Advisors LLC. Company insiders that have bought Upwork stock in the last two years include Gregory C Gretsch, and Thomas Layton.
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Shares of UPWK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of UPWK stock can currently be purchased for approximately $17.51.

Upwork has a market capitalization of $2.02 billion and generates $300.56 million in revenue each year. The company earns $-16,660,000.00 in net income (profit) each year or ($0.15) on an earnings per share basis. Upwork employs 430 workers across the globe.

The official website for Upwork is www.upwork.com.

Upwork's mailing address is 2625 Augustine Drive Suite 601, Santa Clara CA, 95054. The company can be reached via phone at 650-316-7500 or via email at [email protected]