NASDAQ:UPWKUpwork Stock Price, Forecast & News

$7.27

+0.05 (+0.69 %)

(As of 04/10/2020 06:00 AM ET)

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Today's Range

$7.15

Now: $7.27▼

$7.70

50-Day Range

$5.40

MA: $7.32▼

$9.43

52-Week Range

$5.14

Now: $7.27▼

$20.90

Volume986,238 shs

Average Volume1.95 million shs

Market Capitalization$828.29 million

P/E RatioN/A

Dividend YieldN/A

Beta1.2

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.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Upwork 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/Downside
According to analysts' consensus price target of $14.13, Upwork has a potential upside of 94.3% from its current price of $7.27.
Amount of Analyst Coverage
Upwork has only been the subject of 4 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Upwork has received 146 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Upwork has received 189 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Upwork has received 56.42% “underperform” votes from our community.

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.

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.

5.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Upwork insiders have bought 264.20% more of their company's stock than they have sold. Specifically, they have bought $3,015,750.00 in company stock and sold $828,050.00 in company stock.
Percentage Held by Insiders
40.81% of the stock of Upwork is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
56.95% of the stock of Upwork is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Upwork are expected to decrease by -25.93% in the coming year, from ($0.27) to ($0.20) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Upwork is -51.93, 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 -51.93, 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 3.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.11 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Data processing & preparation

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:UPWK

Previous Symbol

CUSIPN/A

CIKN/A

Webhttp://www.upwork.com/

Phone650-316-7500

Debt

Debt-to-Equity Ratio0.04

Current Ratio1.88

Quick Ratio1.88

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$300.56 million

Price / Sales2.76

Cash FlowN/A

Price / Cash FlowN/A

Book Value$2.32 per share

Price / Book3.13

Profitability

EPS (Most Recent Fiscal Year)($0.15)

Net Income$-16,660,000.00

Net Margins-4.99%

Return on Equity-5.89%

Return on Assets-3.43%

Miscellaneous

Employees430

Outstanding Shares113,932,000

Market Cap$828.29 million

Next Earnings Date5/13/2020 (Estimated)

OptionableNot Optionable

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Upwork (NASDAQ:UPWK) Frequently Asked Questions

How has Upwork's stock been impacted by COVID-19 (Coronavirus)?

Upwork's stock was trading at $8.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, UPWK stock has decreased by 13.5% and is now trading at $7.27. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Upwork?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Upwork.

When is Upwork's next earnings date?

Upwork is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Upwork.

How were Upwork's earnings last quarter?

Upwork Inc (NASDAQ:UPWK) released its quarterly earnings results on Wednesday, February, 26th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $80.29 million for the quarter, compared to analysts' expectations of $79.43 million. Upwork had a negative return on equity of 5.89% and a negative net margin of 4.99%. View Upwork's earnings history.

What guidance has Upwork issued on next quarter's earnings?

Upwork issued an update on its FY 2020 After-Hours earnings guidance on Wednesday, February, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $340-345 million, compared to the consensus revenue estimate of $355.62 million.

What price target have analysts set for UPWK?

7 Wall Street analysts have issued 1 year target prices for Upwork's stock. Their forecasts range from $10.00 to $23.00. On average, they expect Upwork's stock price to reach $14.13 in the next twelve months. This suggests a possible upside of 94.3% from the stock's current price. View analysts' price targets for Upwork.

Has Upwork been receiving favorable news coverage?

Media headlines about UPWK stock have trended very negative recently, according to InfoTrie. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Upwork earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutUpwork.

Are investors shorting Upwork?

Upwork saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 5,506,700 shares, an increase of 9.7% from the February 27th total of 5,020,000 shares. Based on an average daily volume of 2,700,900 shares, the days-to-cover ratio is currently 2.0 days. Approximately 11.8% of the shares of the company are sold short. View Upwork's Current Options Chain.

Who are some of Upwork's key competitors?

Some companies that are related to Upwork include Corelogic (CLGX), Inovalon (INOV), LiveRamp (RAMP), CarGurus (CARG), Evertec (EVTC), 8X8 (EGHT), CSG Systems International (CSGS), Change Healthcare (CHNG), Shutterstock (SSTK), Yext (YEXT), Computer Services (CSVI), SciPlay (SCPL), So-Young International (SY), Carbonite (CARB) and Bitauto (BITA).

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), Alibaba Group (BABA), Roku (ROKU), Stitch Fix (SFIX), Trade Desk (TTD), NVIDIA (NVDA), Twilio (TWLO), IQIYI (IQ), Uber Technologies (UBER) and Slack (WORK).

Who are Upwork's key executives?

Upwork's management team includes the following 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 (IPO) 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 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."

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 $7.27.

How big of a company is Upwork?

Upwork has a market capitalization of $828.29 million 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. 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 [email protected]

This page was last updated on 4/10/2020 by MarketBeat.com Staff