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NASDAQ:UPWKUpwork Stock Price, Forecast & News

$15.09
-2.42 (-13.82 %)
(As of 08/5/2020 04:00 PM ET)
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Today's Range
$14.77
Now: $15.09
$16.83
50-Day Range
$11.96
MA: $14.26
$17.51
52-Week Range
$5.14
Now: $15.09
$17.75
Volume7.00 million shs
Average Volume2.41 million shs
Market Capitalization$1.74 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: 1.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.62 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$1.74 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableNot Optionable
$15.09
-2.42 (-13.82 %)
(As of 08/5/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 reached pandemic status according to the World Health Organization. Since then, UPWK shares have increased by 79.6% and is now trading at $15.09.
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 3 hold ratings and 4 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, November 4th 2020.
View our earnings forecast for Upwork
.

How were Upwork's earnings last quarter?

Upwork Inc (NASDAQ:UPWK) posted its quarterly earnings data on Tuesday, August, 4th. The company reported ($0.09) earnings per share for the quarter, meeting analysts' consensus estimates 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 7.85% and a negative net margin of 6.44%.
View Upwork's earnings history
.

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

Upwork issued an update on its third quarter 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $89-91 million, compared to the consensus revenue estimate of $85.04 million.

What price target have analysts set for UPWK?

7 brokerages have issued 1 year price objectives for Upwork's stock. Their forecasts range from $10.00 to $18.00. On average, they expect Upwork's share price to reach $13.63 in the next year. This suggests that the stock has a possible downside of 9.7%.
View analysts' price targets for Upwork
.

Has Upwork been receiving favorable news coverage?

Media coverage about UPWK stock has been trending neutral this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Upwork earned a news sentiment score of 0.1 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Upwork
.

Are investors shorting Upwork?

Upwork saw a decline in short interest in July. As of July 31st, there was short interest totaling 5,130,000 shares, a decline 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. Currently, 6.2% of the shares of the company are sold short.
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 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 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.
View institutional ownership trends for Upwork
.

Which institutional investors are selling Upwork stock?

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
.

Which institutional investors are buying Upwork stock?

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
.

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 $15.09.

How big of a company is Upwork?

Upwork has a market capitalization of $1.74 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 8/6/2020 by MarketBeat.com Staff

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