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NASDAQ:UPWK

Upwork Stock Forecast, Price & News

$22.20
+0.21 (+0.95%)
(As of 06/24/2022 12:00 AM ET)
Add
Compare
Today's Range
$21.63
$22.60
50-Day Range
$15.68
$22.77
52-Week Range
$14.85
$64.49
Volume
1.57 million shs
Average Volume
1.57 million shs
Market Capitalization
$2.88 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$37.15
30 days | 90 days | 365 days | Advanced Chart

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UPWK Stock Forecast (MarketRank)

Overall MarketRank

2.47 out of 5 stars

Computer And Technology Sector

207th out of 923 stocks

Data Processing & Preparation Industry

14th out of 113 stocks

Analyst Opinion: 4.4Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -
Upwork logo

About Upwork (NASDAQ:UPWK)

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 Stock News Headlines

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Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:UPWK
Fax
N/A
Employees
650
Year Founded
N/A

Company Calendar

Last Earnings
4/27/2022
Today
6/24/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$37.15
High Stock Price Forecast
$74.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+67.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83333333333333
Research Coverage
12 Analysts

Profitability

Net Income
$-56.24 million
Pretax Margin
-13.76%

Debt

Sales & Book Value

Annual Sales
$502.80 million
Book Value
$2.02 per share

Miscellaneous

Free Float
118,112,000
Market Cap
$2.88 billion
Optionable
Not Optionable
Beta
1.85














Upwork Frequently Asked Questions

Should I buy or sell Upwork stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Upwork stock.
View analyst ratings for Upwork
or view top-rated stocks.

What is Upwork's stock price forecast for 2022?

12 brokers have issued 1 year price targets for Upwork's stock. Their UPWK stock forecasts range from $20.00 to $74.00. On average, they expect Upwork's stock price to reach $37.15 in the next year. This suggests a possible upside of 67.4% from the stock's current price.
View analysts' price targets for Upwork
or view top-rated stocks among Wall Street analysts.

How has Upwork's stock performed in 2022?

Upwork's stock was trading at $34.16 at the start of the year. Since then, UPWK shares have decreased by 35.0% and is now trading at $22.20.
View the best growth stocks for 2022 here
.

When is Upwork's next earnings date?

Upwork is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Upwork
.

How were Upwork's earnings last quarter?

Upwork Inc. (NASDAQ:UPWK) posted its quarterly earnings data on Wednesday, April, 27th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.10. The firm had revenue of $141.34 million for the quarter, compared to analyst estimates of $133.70 million. Upwork had a negative net margin of 13.79% and a negative trailing twelve-month return on equity of 27.03%. During the same period last year, the business posted ($0.06) earnings per share.
View Upwork's earnings history
.

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

Upwork updated its second quarter earnings guidance on Wednesday, April, 27th. The company provided earnings per share (EPS) guidance of ($0.06)-($0.10) for the period, compared to the consensus EPS estimate of ($0.08). The company issued revenue guidance of $147-$151 million, compared to the consensus revenue estimate of $142.43 million.

Who are Upwork's key executives?

Upwork's management team includes the following people:
  • Ms. Hayden Brown, Pres, CEO & Director (Age 40, Pay $1.5M) (LinkedIn Profile)
  • Mr. Jeff McCombs, Chief Financial Officer (LinkedIn Profile)
  • Mr. Eric Gilpin, Chief Sales Officer (Age 42, Pay $893.51k) (LinkedIn Profile)
  • Ms. Elizabeth Tse, Sr. VP of Operations (Age 54)
  • Mr. Saty Bahadur, Chief Technology Officer
  • Denise Garcia, Investor Relations Officer
  • Mr. Brian Levey, Chief Bus. Affairs & Legal Officer and Sec. (Age 54)
  • Ms. Amanda Vinson, Sr. VP of Corp. Strategy & Devel. (Age 41)
  • Ms. Melissa Waters, Chief Marketing Officer
  • Ms. Zoë Harte, Chief People Officer (Age 47)

What is Hayden Brown's approval rating as Upwork's CEO?

32 employees have rated Upwork CEO Hayden Brown on Glassdoor.com. Hayden Brown has an approval rating of 85% among Upwork'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), Square (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."

Who are Upwork's major shareholders?

Upwork's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.28%), BlackRock Inc. (6.04%), Baillie Gifford & Co. (4.96%), Greenoaks Capital Partners LLC (2.48%), Hawk Ridge Capital Management LP (2.03%) and State Street Corp (1.81%). Company insiders that own Upwork stock include Brian K Kinion, Bruce Dunlevie, Dan Marriott, Elizabeth A Nelson, Eric Gilpin, Gary Steele, Gregory C Gretsch, Han-Shen Yuan, Hayden Brown, Jeff Mccombs, Kevin Harvey, Leela Srinivasan, Stephane Kasriel, Steven M Spurlock, Susan Miranda Green 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 Durable Capital Partners LP, Royce & Associates LP, TD Asset Management Inc., Twin Tree Management LP, Wellington Management Group LLP, Clal Insurance Enterprises Holdings Ltd, BlackRock Inc., and Bank of America Corp DE. Company insiders that have sold Upwork company stock in the last two years include Elizabeth A Nelson, Eric Gilpin, Gary Steele, Hayden Brown, Jeff Mccombs, Leela Srinivasan, Susan Miranda Green, and Thomas Layton.
View insider buying and selling activity for Upwork
or view top insider-selling stocks.

Which major investors are buying Upwork stock?

UPWK stock was bought by a variety of institutional investors in the last quarter, including Hawk Ridge Capital Management LP, Greenoaks Capital Partners LLC, XN LP, Capital International Investors, Alpha Square Group S LLC, Cooper Creek Partners Management LLC, Kornitzer Capital Management Inc. KS, and Sei Investments Co.. Company insiders that have bought Upwork stock in the last two years include Gregory C Gretsch, and Kevin Harvey.
View insider buying and selling activity for Upwork
or or view top insider-buying stocks.

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 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 $22.20.

How much money does Upwork make?

Upwork (NASDAQ:UPWK) has a market capitalization of $2.88 billion and generates $502.80 million in revenue each year. The company earns $-56.24 million in net income (profit) each year or ($0.57) on an earnings per share basis.

How many employees does Upwork have?

Upwork employs 650 workers across the globe.

How can I contact Upwork?

Upwork's mailing address is 2625 Augustine Drive Suite 601, Santa Clara CA, 95054. The official website for Upwork is www.upwork.com. The company can be reached via phone at (650) 316-7500 or via email at [email protected].

This page (NASDAQ:UPWK) was last updated on 6/24/2022 by MarketBeat.com Staff

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