NASDAQ:UPWK Upwork (UPWK) Stock Forecast, Price & News $11.36 -0.14 (-1.22%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$11.23▼$11.7850-Day Range$9.90▼$15.5552-Week Range$6.56▼$15.88Volume2.81 million shsAverage Volume1.78 million shsMarket Capitalization$1.53 billionP/E RatioN/ADividend YieldN/APrice Target$16.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Upwork MarketRank™ ForecastAnalyst RatingModerate Buy2.57 Rating ScoreUpside/Downside40.8% Upside$16.00 Price TargetShort InterestHealthy5.67% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.43Based on 3 Articles This WeekInsider TradingSelling Shares$934,971 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.08) to $0.24 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.51 out of 5 starsComputer And Technology Sector197th out of 607 stocksData Processing & Preparation Industry19th out of 60 stocks 4.3 Analyst's Opinion Consensus RatingUpwork has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.00, Upwork has a forecasted upside of 40.8% from its current price of $11.36.Amount of Analyst CoverageUpwork has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted5.67% of the float of Upwork has been sold short.Short Interest Ratio / Days to CoverUpwork has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Upwork has recently decreased by 1.47%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldUpwork does not currently pay a dividend.Dividend GrowthUpwork does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for UPWK. Previous Next 3.0 News and Social Media Coverage News SentimentUpwork has a news sentiment score of 1.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Upwork this week, compared to 2 articles on an average week.Search InterestOnly 5 people have searched for UPWK on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Upwork to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Upwork insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $934,971.00 in company stock.Percentage Held by InsidersOnly 9.00% of the stock of Upwork is held by insiders.Percentage Held by Institutions75.46% of the stock of Upwork is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Upwork are expected to grow in the coming year, from ($0.08) to $0.24 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Upwork is -22.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Upwork is -22.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioUpwork has a P/B Ratio of 6.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Upwork (NASDAQ:UPWK) StockUpwork 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 sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.Read More UPWK Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart UPWK Stock News HeadlinesSeptember 27, 2023 | seekingalpha.comUpwork: Resilient Performance And Positive Secular TrendSeptember 22, 2023 | stocknews.com3 Internet Stocks Outperforming Shopify (SHOP)October 1, 2023 | Oxford Club (Ad)Better Than Oil StocksThe best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. September 22, 2023 | msn.comUpwork: Weakness Priced In, Outperformance AheadSeptember 21, 2023 | finance.yahoo.comUnveiling Upwork (UPWK)'s Value: Is It Really Priced Right? A Comprehensive GuideSeptember 21, 2023 | finance.yahoo.comInsider Sell: Upwork Inc President & CEO Hayden Brown Sells 28,457 SharesSeptember 20, 2023 | businesswire.comEric Gilpin Joins G2 as Chief Revenue OfficerSeptember 18, 2023 | finance.yahoo.comUpwork Inc (UPWK): A Deep Dive into Its Performance PotentialOctober 1, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.August 29, 2023 | 247wallst.comBTIG Downgrades UpworkAugust 28, 2023 | msn.comBTIG Downgrades Upwork (UPWK)August 28, 2023 | au.investing.comBTIG cuts Upwork stock rating to Neutral, sees fair valuationAugust 27, 2023 | msn.comUpwork: Despite Cheap Valuation, Deceleration And AI Are Key Risks (Ratings Downgrade)August 23, 2023 | msn.comAI skills most sought by employers revealed in new Upwork reportAugust 23, 2023 | techrepublic.comUpwork Reveals Top 10 Generative AI-Related Skills and Hires in 2023August 22, 2023 | finance.yahoo.comUpwork (UPWK) Just Flashed Golden Cross Signal: Do You Buy?August 22, 2023 | finance.yahoo.comUpwork Unveils Top 10 Generative AI-Related Searches and Hires in First Half of 2023August 18, 2023 | finance.yahoo.comCould This Gig Economy Stock Be a Secret AI Company?August 8, 2023 | theglobeandmail.comRisky Business? Upwork (UPWK) Stock Could Still Be a Contrarian Investor's DreamAugust 7, 2023 | markets.businessinsider.comCiti Reaffirms Their Hold Rating on Upwork (UPWK)August 5, 2023 | markets.businessinsider.comUpwork (UPWK) Gets a Hold from RBC CapitalAugust 4, 2023 | msn.comUpwork CEO Hayden Brown: A.I. was the fastest-growing category in the first half of 2023August 4, 2023 | realmoney.thestreet.comThese 3 Firms Are Riding the Ripples Caused by the Shift in the WorkforceAugust 4, 2023 | insidermonkey.comUpwork Inc. (NASDAQ:UPWK) Q2 2023 Earnings Call TranscriptAugust 4, 2023 | msn.comNeedham Maintains Upwork (UPWK) Buy RecommendationAugust 3, 2023 | msn.comWhy Upwork Stock Rocketed 40% TodayAugust 3, 2023 | msn.comBiggest stock movers today: Upwork, PayPal, Qualcomm and moreSee More Headlines Receive UPWK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Upwork and its competitors with MarketBeat's FREE daily newsletter. Email Address UPWK Company Calendar Last Earnings8/02/2023Today10/01/2023Next Earnings (Estimated)10/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:UPWK CUSIPN/A CIK1627475 Webwww.upwork.com Phone(650) 316-7500FaxN/AEmployees850Year Founded2015Price Target and Rating Average Stock Price Forecast$16.00 High Stock Price Forecast$25.00 Low Stock Price Forecast$9.00 Forecasted Upside/Downside+40.8%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($0.50) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-89,890,000.00 Net Margins-4.33% Pretax Margin-3.85% Return on Equity-10.36% Return on Assets-2.81% Debt Debt-to-Equity Ratio1.16 Current Ratio3.06 Quick Ratio3.06 Sales & Book Value Annual Sales$649.55 million Price / Sales2.36 Cash FlowN/A Price / Cash FlowN/A Book Value$1.89 per share Price / Book6.01Miscellaneous Outstanding Shares134,884,000Free Float122,744,000Market Cap$1.53 billion OptionableNot Optionable Beta1.47 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for October 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMs. Hayden Brown (Age 41)Pres, CEO & Director Comp: $1.02MMs. Erica Gessert (Age 48)Chief Financial Officer Ms. Elizabeth Tse (Age 55)Sr. VP of Operations Mr. Olivier Marie (Age 53)Chief Accounting Officer, Treasurer, Principal Accounting Officer & Controller Denise GarciaInvestor Relations OfficerMr. Brian Levey (Age 55)Chief Bus. Affairs & Legal Officer and Sec. Ms. Amanda Vinson (Age 42)Sr. VP of Corp. Strategy & Devel. Ms. Melissa Waters (Age 46)Chief Marketing Officer Ms. Sunita Solao (Age 47)Chief People Officer Ms. Erin L. Thomas Ph.D.Head of Diversity, Inclusion & BelongingMore ExecutivesKey CompetitorsCSG Systems InternationalNASDAQ:CSGSE2open ParentNYSE:ETWOShutterstockNYSE:SSTKTaskUsNASDAQ:TASKJOYYNASDAQ:YYView All CompetitorsInsiders & InstitutionsHayden BrownSold 28,457 sharesTotal: $362,257.61 ($12.73/share)Olivier MarieSold 962 sharesTotal: $12,246.26 ($12.73/share)Olivier MarieSold 5,835 sharesTotal: $88,692.00 ($15.20/share)Olivier MarieSold 9,530 sharesTotal: $136,660.20 ($14.34/share)Wolverine Trading LLCBought 21,300 shares on 8/23/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions UPWK Stock - Frequently Asked Questions Should I buy or sell Upwork stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" UPWK shares. View UPWK analyst ratings or view top-rated stocks. What is Upwork's stock price forecast for 2023? 7 Wall Street analysts have issued 1 year price targets for Upwork's stock. Their UPWK share price forecasts range from $9.00 to $25.00. On average, they anticipate the company's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 40.8% from the stock's current price. View analysts price targets for UPWK or view top-rated stocks among Wall Street analysts. How have UPWK shares performed in 2023? Upwork's stock was trading at $10.44 at the start of the year. Since then, UPWK shares have increased by 8.8% and is now trading at $11.36. View the best growth stocks for 2023 here. When is Upwork's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023. View our UPWK earnings forecast. How were Upwork's earnings last quarter? Upwork Inc. (NASDAQ:UPWK) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.07. The business had revenue of $168.61 million for the quarter, compared to the consensus estimate of $162.71 million. Upwork had a negative trailing twelve-month return on equity of 10.36% and a negative net margin of 4.33%. What ETFs hold Upwork's stock? ETFs with the largest weight of Upwork (NASDAQ:UPWK) stock in their portfolio include Amplify Online Retail ETF (IBUY), SoFi Be Your Own Boss ETF (BYOB), SoFi Be Your Own Boss ETF (GIGE) and Harbor Corporate Culture Small Cap ETF (HAPS).Gen Z ETF (ZGEN). What guidance has Upwork issued on next quarter's earnings? Upwork updated its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $0.09-$0.11 for the period, compared to the consensus estimate of $0.09. The company issued revenue guidance of $165.00 million-$170.00 million, compared to the consensus revenue estimate of $165.75 million. What is Hayden Brown's approval rating as Upwork's CEO? 32 employees have rated Upwork Chief Executive Officer Hayden Brown on Glassdoor.com. Hayden Brown has an approval rating of 85% among the company's employees. What other stocks do shareholders of Upwork own? Based on aggregate information from My MarketBeat watchlists, some companies that other Upwork investors own include NVIDIA (NVDA), Shopify (SHOP), Advanced Micro Devices (AMD), Twilio (TWLO), Alibaba Group (BABA), Block (SQ), Zoom Video Communications (ZM), Trade Desk (TTD), DocuSign (DOCU) and Teladoc Health (TDOC). When did Upwork IPO? (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. What is Upwork's stock symbol? Upwork trades on the NASDAQ under the ticker symbol "UPWK." How do I buy shares of Upwork? Shares of UPWK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Upwork's stock price today? One share of UPWK stock can currently be purchased for approximately $11.36. How much money does Upwork make? Upwork (NASDAQ:UPWK) has a market capitalization of $1.53 billion and generates $649.55 million in revenue each year. The company earns $-89,890,000.00 in net income (profit) each year or ($0.50) on an earnings per share basis. How many employees does Upwork have? The company employs 850 workers across the globe. Does Upwork have any subsidiaries? The following companies are subsidiares of Upwork: Elance Inc, Elance Limited Inc, UPW Holdco Inc., Upwork Escrow Inc, Upwork Global Inc, Upwork Payments Inc., and Upwork Talent Group Inc.Read More How can I contact Upwork? Upwork's mailing address is 2625 Augustine Drive Suite 601, Santa Clara CA, 95054. The official website for the company is www.upwork.com. The company can be reached via phone at (650) 316-7500 or via email at investor@upwork.com. This page (NASDAQ:UPWK) was last updated on 10/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Upwork Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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