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Upwork Stock Price, Forecast & Analysis (NASDAQ:UPWK)

$12.30
-0.47 (-3.68 %)
(As of 11/12/2019 08:00 AM ET)
Today's Range
$12.27
Now: $12.30
$12.79
50-Day Range
$12.77
MA: $14.16
$15.29
52-Week Range
$11.81
Now: $12.30
$25.00
Volume30,970 shs
Average Volume1.15 million shs
Market Capitalization$1.38 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Upwork Inc. operates an online marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers). The company's platform provides access to talent with approximately 5,000 skills across approximately 70 categories, including content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and Web development. Its platform also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. In addition, the company's platform offers access to various functionalities for remote engagements with freelancers comprising communication and collaboration, time tracking, invoicing, and payment. Further, its marketplace offerings include Upwork Standard, Upwork Enterprise, and Upwork Payroll, as well as managed and Internet escrow agency services. The company has opeations in the United States, India, the Philippines, and internationally. 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 Mountain View, California.

Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:UPWK
CUSIPN/A
CIKN/A
Phone650-316-7500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$253.35 million
Book Value$2.29 per share

Profitability

Net Income$-19,910,000.00

Miscellaneous

Employees430
Market Cap$1.38 billion
Next Earnings Date2/27/2020 (Estimated)
OptionableNot Optionable

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Upwork (NASDAQ:UPWK) Frequently Asked Questions

What is Upwork's stock symbol?

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

How were Upwork's earnings last quarter?

Upwork Inc (NASDAQ:UPWK) issued its quarterly earnings data on Wednesday, November, 6th. The company reported ($0.03) EPS for the quarter, topping the Zacks' consensus estimate of ($0.05) by $0.02. The company had revenue of $78.80 million for the quarter, compared to analysts' expectations of $77.75 million. Upwork had a negative return on equity of 5.93% and a negative net margin of 5.17%. The firm's quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. View Upwork's Earnings History.

When is Upwork's next earnings date?

Upwork is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Upwork.

What price target have analysts set for UPWK?

7 Wall Street analysts have issued 1-year price objectives for Upwork's stock. Their forecasts range from $16.00 to $24.00. On average, they expect Upwork's stock price to reach $20.67 in the next year. This suggests a possible upside of 68.0% from the stock's current price. View Analyst Price Targets for Upwork.

What is the consensus analysts' recommendation for Upwork?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Upwork.

Has Upwork been receiving favorable news coverage?

Press coverage about UPWK stock has been trending very negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Upwork earned a news sentiment score of -3.2 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Upwork.

Are investors shorting Upwork?

Upwork saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 4,650,000 shares, an increase of 14.3% from the September 30th total of 4,070,000 shares. Based on an average trading volume of 976,900 shares, the short-interest ratio is currently 4.8 days. Approximately 7.3% of the company's shares are short sold. View Upwork's Current Options Chain.

Who are some of Upwork's key competitors?

What other stocks do shareholders of Upwork own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Upwork investors own include Shopify (SHOP), Trade Desk (TTD), Twilio (TWLO), Baidu (BIDU), IQIYI (IQ), Mongodb (MDB), NVIDIA (NVDA), Stitch Fix (SFIX), Alibaba Group (BABA) and Teladoc Health (TDOC).

Who are Upwork's key executives?

Upwork's management team includes the folowing people:
  • Mr. Stephane Kasriel, Pres, CEO & Director (Age 44)
  • Mr. Brian Kinion, Chief Financial Officer (Age 52)
  • Ms. Hayden Brown, Chief Marketing & Product Officer (Age 37)
  • Ms. Elizabeth Tse, Sr. VP of Operations (Age 51)
  • Mr. Stratis Karamanlakis, Chief Technology Officer

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 a price of $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.

Who are Upwork's major shareholders?

Upwork's stock is owned by a number of of institutional and retail investors. Top institutional investors include State of Michigan Retirement System (0.12%), California Public Employees Retirement System (0.08%), Edge Wealth Management LLC (0.06%), State of Tennessee Treasury Department (0.02%), SG Americas Securities LLC (0.01%) and Russell Investments Group Ltd. (0.01%). Company insiders that own Upwork stock include Bruce Dunlevie, Dan Marriott, Globespan Management Associate, Han-Shen Yuan, Hayden Brown, Stephane Kasriel and Steven M Spurlock. View Institutional Ownership Trends for Upwork.

Which major investors are selling Upwork stock?

UPWK stock was sold by a variety of institutional investors in the last quarter, including Benjamin F. Edwards & Company Inc. and Tower Research Capital LLC TRC . Company insiders that have sold Upwork company stock in the last year include Bruce Dunlevie, Dan Marriott, Globespan Management Associate, Han-Shen Yuan, Hayden Brown, Stephane Kasriel and Steven M Spurlock. View Insider Buying and Selling for Upwork.

Which major investors are buying Upwork stock?

UPWK stock was purchased by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, California Public Employees Retirement System, Edge Wealth Management LLC, State of Tennessee Treasury Department, SG Americas Securities LLC and Russell Investments Group Ltd.. View Insider Buying and Selling for Upwork.

How do I buy shares of Upwork?

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.

What is Upwork's stock price today?

One share of UPWK stock can currently be purchased for approximately $12.30.

How big of a company is Upwork?

Upwork has a market capitalization of $1.38 billion and generates $253.35 million in revenue each year. The company earns $-19,910,000.00 in net income (profit) each year or ($0.38) on an earnings per share basis. Upwork employs 430 workers across the globe.View Additional Information About Upwork.

What is Upwork's official website?

The official website for Upwork is http://www.upwork.com/.

How can I contact Upwork?

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 invest[email protected]


MarketBeat Community Rating for Upwork (NASDAQ UPWK)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  106 (Vote Outperform)
Underperform Votes:  144 (Vote Underperform)
Total Votes:  250
MarketBeat's community ratings are surveys of what our community members think about Upwork and other stocks. Vote "Outperform" if you believe UPWK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe UPWK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/12/2019 by MarketBeat.com Staff

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