NASDAQ:UPWK Upwork (UPWK) Stock Forecast, Price & News $9.11 +0.01 (+0.11%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$8.91▼$9.3050-Day Range$7.60▼$11.3252-Week Range$6.56▼$25.05Volume1.43 million shsAverage Volume2.95 million shsMarket Capitalization$1.22 billionP/E RatioN/ADividend YieldN/APrice Target$15.63 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Upwork MarketRank™ ForecastAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside71.5% Upside$15.63 Price TargetShort InterestBearish9.34% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.45Based on 6 Articles This WeekInsider TradingSelling Shares$542,941 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.16) to $0.20 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.1.86 out of 5 starsComputer And Technology Sector429th out of 596 stocksData Processing & Preparation Industry40th out of 63 stocks 3.4 Analyst's Opinion Consensus RatingUpwork has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.63, Upwork has a forecasted upside of 71.5% from its current price of $9.11.Amount of Analyst CoverageUpwork has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted9.34% of the float of Upwork has been sold short.Short Interest Ratio / Days to CoverUpwork has a short interest ratio ("days to cover") of 6.2.Change versus previous monthShort interest in Upwork has recently increased by 65.00%, indicating that investor sentiment is decreasing significantly. 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 1.9 News and Social Media Coverage News SentimentUpwork has a news sentiment score of 0.45. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Upwork this week, compared to 4 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 -69% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Upwork to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% 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 $542,941.00 in company stock.Percentage Held by InsidersOnly 9.00% of the stock of Upwork is held by insiders.Percentage Held by Institutions74.05% 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 ($0.16) to $0.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Upwork is -14.02, 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 -14.02, 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 4.82. 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. operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in San Francisco, CA.Read More 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 Stock News HeadlinesJune 5, 2023 | finance.yahoo.comUpwork Inc. (NASDAQ:UPWK): When Will It Breakeven?June 2, 2023 | finance.yahoo.comCan Upwork (UPWK) Run Higher on Rising Earnings Estimates?June 8, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. June 2, 2023 | americanbankingnews.comUpwork (NASDAQ:UPWK) Stock Price Up 3.9%June 1, 2023 | msn.comWall Street Analysts Predict a 41.95% Upside in Upwork (UPWK): Here's What You Should KnowJune 1, 2023 | finance.yahoo.comWall Street Analysts Predict a 41.95% Upside in Upwork (UPWK): Here's What You Should KnowMay 25, 2023 | americanbankingnews.comInsider Selling: Upwork Inc. (NASDAQ:UPWK) CAO Sells $21,501.92 in StockMay 24, 2023 | americanbankingnews.comOlivier Marie Sells 1,515 Shares of Upwork Inc. (NASDAQ:UPWK) StockJune 8, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. May 24, 2023 | americanbankingnews.comUpwork Inc. (NASDAQ:UPWK) CEO Hayden Brown Sells 22,946 SharesMay 22, 2023 | finance.yahoo.comUpwork Announces Zoë Diamadi as General Manager of Enterprise BusinessMay 17, 2023 | americanbankingnews.comAnalysts Set Upwork Inc. (NASDAQ:UPWK) Target Price at $16.50May 10, 2023 | finance.yahoo.comAfter Plunging -21.96% in 4 Weeks, Here's Why the Trend Might Reverse for Upwork (UPWK)May 9, 2023 | finance.yahoo.comUpwork (NASDAQ:UPWK investor one-year losses grow to 57% as the stock sheds US$202m this past weekMay 7, 2023 | americanbankingnews.comUpwork's (UPWK) "Maintains" Rating Reiterated at 888May 7, 2023 | americanbankingnews.comNeedham & Company LLC Lowers Upwork (NASDAQ:UPWK) Price Target to $11.00May 7, 2023 | americanbankingnews.comUpwork (NASDAQ:UPWK) PT Lowered to $15.00 at BTIG ResearchMay 6, 2023 | americanbankingnews.comUpwork (NASDAQ:UPWK) Shares Gap Down on Analyst DowngradeMay 5, 2023 | finance.yahoo.comWhy Upwork Stock Was Being Crushed This WeekMay 5, 2023 | americanbankingnews.comUpwork (NASDAQ:UPWK) Lowered to "Neutral" at Bank of AmericaMay 4, 2023 | americanbankingnews.comUpwork (NASDAQ:UPWK) Price Target Cut to $14.00 by Analysts at JMP SecuritiesMay 3, 2023 | finance.yahoo.comUpwork (UPWK) Q1 2023 Earnings Call TranscriptMay 3, 2023 | seekingalpha.comUpwork, Inc. (UPWK) Q1 2023 Earnings Call TranscriptMay 3, 2023 | finance.yahoo.comUpwork Reports First Quarter 2023 Financial ResultsMay 2, 2023 | americanbankingnews.comUpwork (UPWK) Set to Announce Earnings on WednesdayApril 25, 2023 | finance.yahoo.comUpwork's 2022 Impact Report Demonstrates Continued Commitment to Creating Economic OpportunityApril 23, 2023 | seekingalpha.comUpwork: Growth Still Work-In-Progress, Liquidity And Sustainability Are ExcellentSee More Headlines UPWK Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart UPWK Company Calendar Last Earnings10/27/2021Today6/08/2023Next Earnings (Estimated)7/26/2023Fiscal 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/AEmployees650Year Founded2015Price Target and Rating Average Stock Price Forecast$15.63 High Stock Price Forecast$25.00 Low Stock Price Forecast$9.00 Forecasted Upside/Downside+71.5%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($0.65) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-89,890,000.00 Net Margins-7.52% Pretax Margin-7.32% Return on Equity-18.69% Return on Assets-4.60% Debt Debt-to-Equity Ratio1.23 Current Ratio2.99 Quick Ratio2.99 Sales & Book Value Annual Sales$618.32 million Price / Sales1.97 Cash FlowN/A Price / Cash FlowN/A Book Value$1.89 per share Price / Book4.82Miscellaneous Outstanding Shares133,470,000Free Float121,455,000Market Cap$1.22 billion OptionableNot Optionable Beta1.52 Social Links Key ExecutivesHayden BrownPresident & Chief Executive OfficerErica GessertChief Financial OfficerOlivier MarieTreasurer & Chief Accounting OfficerEric GilpinChief Sales OfficerMelissa WatersChief Marketing OfficerKey CompetitorsTaskUsNASDAQ:TASKCSG Systems InternationalNASDAQ:CSGSShutterstockNYSE:SSTK8X8NASDAQ:EGHTtrivagoNASDAQ:TRVGView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 1,333 shares on 5/26/2023Ownership: 0.011%Toroso Investments LLCSold 2,364 shares on 5/23/2023Ownership: 0.008%Ameriprise Financial Inc.Bought 36,977 shares on 5/22/2023Ownership: 0.057%Olivier MarieSold 2,572 sharesTotal: $21,501.92 ($8.36/share)Hayden BrownSold 22,946 sharesTotal: $188,386.66 ($8.21/share)View All Insider TransactionsView All Institutional Transactions UPWK Stock - Frequently Asked Questions Should I buy or sell Upwork stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" UPWK shares. View UPWK analyst ratings or view top-rated stocks. What is Upwork's stock price forecast for 2023? 7 brokerages have issued twelve-month price objectives for Upwork's shares. Their UPWK share price forecasts range from $9.00 to $25.00. On average, they expect the company's stock price to reach $15.63 in the next year. This suggests a possible upside of 71.5% 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 beginning of the year. Since then, UPWK shares have decreased by 12.7% and is now trading at $9.11. View the best growth stocks for 2023 here. Are investors shorting Upwork? Upwork saw a increase in short interest in May. As of May 15th, there was short interest totaling 10,890,000 shares, an increase of 65.0% from the April 30th total of 6,600,000 shares. Based on an average daily volume of 1,770,000 shares, the days-to-cover ratio is presently 6.2 days. Currently, 9.3% of the company's stock are short sold. View Upwork's Short Interest. When is Upwork's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023. View our UPWK earnings forecast. How were Upwork's earnings last quarter? Upwork Inc. (NASDAQ:UPWK) announced its quarterly earnings data on Wednesday, October, 27th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by $0.09. The firm earned $128.14 million during the quarter, compared to analyst estimates of $126.59 million. Upwork had a negative trailing twelve-month return on equity of 18.69% and a negative net margin of 7.52%. The business's revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period last year, the company posted ($0.02) EPS. 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), SPDR FactSet Innovative Technology ETF (XITK), WisdomTree Growth Leaders Fund (PLAT), Gen Z ETF (ZGEN), Vanguard Russell 2000 Growth ETF (VTWG), Motley Fool Next Index ETF (TMFX).Motley Fool Capital Efficiency 100 Index ETF (TMFE) and What guidance has Upwork issued on next quarter's earnings? Upwork updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of 0-$0.02 for the period, compared to the consensus EPS estimate of $0.02. The company issued revenue guidance of $161.00 million-$164.00 million, compared to the consensus revenue estimate of $171.30 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 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 served 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." Who are Upwork's major shareholders? Upwork's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (5.13%), Hawk Ridge Capital Management LP (4.11%), Ancient Art L.P. (2.31%), Dorsey Asset Management LLC (1.83%), Geode Capital Management LLC (1.76%) and Renaissance Technologies LLC (1.20%). Insiders that own company stock include Elizabeth A Nelson, Eric Gilpin, Gary Steele, Gregory C Gretsch, Hayden Brown, Jeff Mccombs, Kevin Harvey, Leela Srinivasan, Olivier Marie, Susan Miranda Green and Thomas Layton. View institutional ownership trends. 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 $9.11. How much money does Upwork make? Upwork (NASDAQ:UPWK) has a market capitalization of $1.22 billion and generates $618.32 million in revenue each year. The company earns $-89,890,000.00 in net income (profit) each year or ($0.65) on an earnings per share basis. How many employees does Upwork have? The company employs 650 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. 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