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NASDAQ:UPWKUpwork Stock Price, Forecast & News

$12.33
+0.23 (+1.90 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$12.05
Now: $12.33
$12.49
50-Day Range
$7.21
MA: $10.39
$13.91
52-Week Range
$5.14
Now: $12.33
$17.75
Volume2.29 million shs
Average Volume3.78 million shs
Market Capitalization$1.42 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.79
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.84 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$300.56 million
Book Value$2.32 per share

Profitability

Net Income$-16,660,000.00

Miscellaneous

Employees430
Market Cap$1.42 billion
Next Earnings Date8/5/2020 (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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, UPWK shares have increased by 46.8% and is now trading at $12.33. 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, August 5th 2020. View our earnings forecast for Upwork.

How were Upwork's earnings last quarter?

Upwork Inc (NASDAQ:UPWK) announced its quarterly earnings data on Wednesday, May, 6th. The company reported ($0.09) EPS for the quarter, missing the Zacks' consensus estimate of ($0.06) by $0.03. The firm earned $74.80 million during the quarter, compared to analysts' expectations of $80.04 million. Upwork had a negative net margin of 6.44% and a negative return on equity of 7.85%. Upwork's revenue for the quarter was up 8.6% on a year-over-year basis. View Upwork's earnings history.

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

Upwork updated its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $79-81 million, compared to the consensus revenue estimate of $82.85 million.

What price target have analysts set for UPWK?

7 analysts have issued 1 year price objectives for Upwork's shares. 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 14.6% from the stock's current price. View analysts' price targets for Upwork.

Has Upwork been receiving favorable news coverage?

Media stories about UPWK stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Upwork earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutUpwork.

Are investors shorting Upwork?

Upwork saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,130,000 shares, an increase of 12.5% from the April 15th total of 3,670,000 shares. Based on an average trading volume of 1,799,200 shares, the days-to-cover ratio is currently 2.3 days. Approximately 5.1% of the shares of the company 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 Alibaba Group (BABA), NVIDIA (NVDA), Shopify (SHOP), Trade Desk (TTD), Paypal (PYPL), Twilio (TWLO), Advanced Micro Devices (AMD), salesforce.com (CRM), DexCom (DXCM) and Roku (ROKU).

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 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 many different retail and institutional investors. Top institutional investors include Capital International Investors (5.51%), BlackRock Inc. (3.86%), Deutsche Bank AG (1.86%), Baillie Gifford & Co. (1.19%), Federated Hermes Inc. (1.03%) and State Street Corp (1.01%). Company insiders that own Upwork stock include Brian K Kinion, Bruce Dunlevie, Dan Marriott, Globespan Management Associate, Gregory C Gretsch, Han-Shen Yuan, Hayden Brown, Stephane Kasriel, Steven M Spurlock and Thomas Layton. 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 Federated Hermes Inc., Squarepoint Ops LLC, Healthcare of Ontario Pension Plan Trust Fund, UBS Group AG, Tudor Investment Corp Et Al, Hamilton Lane Advisors LLC, Morgan Stanley, and Voloridge Investment Management LLC. Company insiders that have sold Upwork company stock in the last year include Brian K Kinion, Bruce Dunlevie, Dan Marriott, Han-Shen Yuan, Hayden Brown, Stephane Kasriel, and Steven M Spurlock. View insider buying and selling activity for Upwork.

Which major investors are buying Upwork stock?

UPWK stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, Deutsche Bank AG, Armor Advisors L.L.C., Two Sigma Advisers LP, Two Sigma Investments LP, Parametric Portfolio Associates LLC, Tenzing Global Management LLC, and JPMorgan Chase & Co.. Company insiders that have bought Upwork stock in the last two years include Gregory C Gretsch, and Thomas Layton. View insider buying and selling activity 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 $12.33.

How big of a company is Upwork?

Upwork has a market capitalization of $1.42 billion 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.

What is Upwork's official website?

The official website for Upwork is 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 6/6/2020 by MarketBeat.com Staff

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