NASDAQ:UPWK

Upwork (UPWK) Stock Forecast, Price & News

$11.36

-0.14 (-1.22%)

(As of 09/29/2023 ET)

Compare

Today's Range: $11.23
▼
$11.78
50-Day Range: $9.90
▼
$15.55
52-Week Range: $6.56
▼
$15.88

Volume: 2.81 million shs
Average Volume: 1.78 million shs
Market Capitalization: $1.53 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $16.00

Upwork MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 40.8% Upside
$16.00 Price Target
Short Interest: Healthy
5.67% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.43
Based on 3 Articles This Week
Insider Trading: Selling Shares
$934,971 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.08) to $0.24 Per Share

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 stars

Computer And Technology Sector

197th out of 607 stocks

Data Processing & Preparation Industry

19th out of 60 stocks

4.3

Analyst's Opinion

Consensus Rating
Upwork 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/Downside
According 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 Coverage
Upwork has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
5.67% of the float of Upwork has been sold short.
Short Interest Ratio / Days to Cover
Upwork 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 month
Short interest in Upwork has recently decreased by 1.47%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Upwork does not currently pay a dividend.
Dividend Growth
Upwork does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for UPWK.

3.0

News and Social Media Coverage

News Sentiment
Upwork 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 Week
MarketBeat has tracked 3 news articles for Upwork this week, compared to 2 articles on an average week.
Search Interest
Only 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 Follows
Only 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.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 9.00% of the stock of Upwork is held by insiders.
Percentage Held by Institutions
75.46% of the stock of Upwork is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Upwork are expected to grow in the coming year, from ($0.08) to $0.24 per share.
Price to Earnings Ratio vs. the Market
The 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. Sector
The 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 Ratio
Upwork 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.

See Top Rated MarketRank™ Stocks Here

About Upwork (NASDAQ:UPWK) Stock

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 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.

UPWK Price History

30 days | 90 days | 365 days | Advanced Chart

UPWK Stock News Headlines

September 27, 2023 | seekingalpha.com

Upwork: Resilient Performance And Positive Secular Trend

September 22, 2023 | stocknews.com

3 Internet Stocks Outperforming Shopify (SHOP)

October 1, 2023 | Oxford Club (Ad)

Better Than Oil Stocks

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

September 22, 2023 | msn.com

Upwork: Weakness Priced In, Outperformance Ahead

September 21, 2023 | finance.yahoo.com

Unveiling Upwork (UPWK)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 21, 2023 | finance.yahoo.com

Insider Sell: Upwork Inc President & CEO Hayden Brown Sells 28,457 Shares

September 20, 2023 | businesswire.com

Eric Gilpin Joins G2 as Chief Revenue Officer

September 18, 2023 | finance.yahoo.com

Upwork Inc (UPWK): A Deep Dive into Its Performance Potential

October 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.com

BTIG Downgrades Upwork

August 28, 2023 | msn.com

BTIG Downgrades Upwork (UPWK)

August 28, 2023 | au.investing.com

BTIG cuts Upwork stock rating to Neutral, sees fair valuation

August 27, 2023 | msn.com

Upwork: Despite Cheap Valuation, Deceleration And AI Are Key Risks (Ratings Downgrade)

August 23, 2023 | msn.com

AI skills most sought by employers revealed in new Upwork report

August 23, 2023 | techrepublic.com

Upwork Reveals Top 10 Generative AI-Related Skills and Hires in 2023

August 22, 2023 | finance.yahoo.com

Upwork (UPWK) Just Flashed Golden Cross Signal: Do You Buy?

August 22, 2023 | finance.yahoo.com

Upwork Unveils Top 10 Generative AI-Related Searches and Hires in First Half of 2023

August 18, 2023 | finance.yahoo.com

Could This Gig Economy Stock Be a Secret AI Company?

August 8, 2023 | theglobeandmail.com

Risky Business? Upwork (UPWK) Stock Could Still Be a Contrarian Investor's Dream

August 7, 2023 | markets.businessinsider.com

Citi Reaffirms Their Hold Rating on Upwork (UPWK)

August 5, 2023 | markets.businessinsider.com

Upwork (UPWK) Gets a Hold from RBC Capital

August 4, 2023 | msn.com

Upwork CEO Hayden Brown: A.I. was the fastest-growing category in the first half of 2023

August 4, 2023 | realmoney.thestreet.com

These 3 Firms Are Riding the Ripples Caused by the Shift in the Workforce

August 4, 2023 | insidermonkey.com

Upwork Inc. (NASDAQ:UPWK) Q2 2023 Earnings Call Transcript

August 4, 2023 | msn.com

Needham Maintains Upwork (UPWK) Buy Recommendation

August 3, 2023 | msn.com

Why Upwork Stock Rocketed 40% Today

August 3, 2023 | msn.com

Biggest stock movers today: Upwork, PayPal, Qualcomm and more

See More Headlines

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UPWK Company Calendar

Last Earnings: 8/02/2023
Today: 10/01/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:UPWK
CUSIP: N/A
CIK: 1627475
Web: www.upwork.com
Phone: (650) 316-7500
Fax: N/A
Employees: 850
Year Founded: 2015

Price 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 Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.50)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net 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 Ratio: 1.16
Current Ratio: 3.06
Quick Ratio: 3.06

Sales & Book Value

Annual Sales: $649.55 million
Price / Sales: 2.36
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.89 per share
Price / Book: 6.01

Miscellaneous

Outstanding Shares: 134,884,000
Free Float: 122,744,000
Market Cap: $1.53 billion
Optionable: Not Optionable
Beta: 1.47

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Key Executives

Ms. Hayden Brown (Age 41)
Pres, CEO & Director
Comp: $1.02M

Ms. 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 Garcia
Investor Relations Officer

Mr. 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 & Belonging

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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