NASDAQ:UPWKUpwork Stock Price, Forecast & News

Upwork's stock was trading at $8.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, UPWK shares have increased by 68.0% and is now trading at $14.11.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Upwork is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Upwork Inc (NASDAQ:UPWK) released its quarterly earnings data on Tuesday, August, 4th. The company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). The company earned $87.53 million during the quarter, compared to analysts' expectations of $80.75 million. Upwork had a negative return on equity of 11.29% and a negative net margin of 8.91%.
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Upwork issued an update on its third quarter 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $89-91 million, compared to the consensus revenue estimate of $85.04 million.

7 Wall Street analysts have issued 12 month target prices for Upwork's stock. Their forecasts range from $10.00 to $18.00. On average, they anticipate Upwork's share price to reach $13.63 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
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Press coverage about UPWK stock has trended very negative on Thursday, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Upwork earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Upwork.

Upwork saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,130,000 shares, a drop of 18.6% from the July 15th total of 6,300,000 shares. Based on an average daily volume of 2,950,000 shares, the short-interest ratio is currently 1.7 days. Approximately 6.2% of the shares of the stock are short sold.
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Some companies that are related to Upwork include Proofpoint (PFPT), Corelogic (CLGX), DXC Technology (DXC), Inovalon (INOV), Change Healthcare (CHNG), CarGurus (CARG), LiveRamp (RAMP), Evertec (EVTC), Yext (YEXT), Shutterstock (SSTK), SciPlay (SCPL), 8X8 (EGHT), Computer Services (CSVI), So-Young International (SY) and CSG Systems International (CSGS).
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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).

(UPWK) raised $135 million in an 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 acted as the underwriters for the IPO and Stifel and JMP Securities were co-managers.

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

Upwork's stock is owned by a number of retail and institutional investors. Top institutional investors include Frontier Capital Management Co. LLC (0.69%), Kornitzer Capital Management Inc. KS (0.46%), Swiss National Bank (0.14%), Edge Wealth Management LLC (0.13%), Cadence Capital Management LLC (0.13%) and SG Americas Securities LLC (0.09%). 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.
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UPWK stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd.. 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.

UPWK stock was bought by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Kornitzer Capital Management Inc. KS, Cadence Capital Management LLC, Edge Wealth Management LLC, O Brien Wealth Partners LLC, SG Americas Securities LLC, Swiss National Bank, and WINTON GROUP Ltd. 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.

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.

One share of UPWK stock can currently be purchased for approximately $14.11.

Upwork has a market capitalization of $1.62 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.

The official website for Upwork is www.upwork.com.

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]