NASDAQ:UPWKUpwork Stock Price, Forecast & News

Upwork's stock was trading at $8.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, UPWK shares have increased by 76.4% and is now trading at $14.82. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Upwork.

Upwork is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Upwork.

Upwork Inc (NASDAQ:UPWK) released its quarterly earnings results on Wednesday, May, 6th. The company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.03. The company earned $74.80 million during the quarter, compared to analyst estimates of $80.04 million. Upwork had a negative return on equity of 7.85% and a negative net margin of 6.44%. Upwork's revenue for the quarter was up 8.6% compared to the same quarter last year. View Upwork's earnings history.

Upwork updated its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided earnings per share (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.

6 brokers have issued 1-year target prices for Upwork's shares. Their forecasts range from $10.00 to $18.00. On average, they anticipate Upwork's stock price to reach $13.14 in the next twelve months. This suggests that the stock has a possible downside of 11.3%. View analysts' price targets for Upwork.

Media headlines about UPWK stock have been trending negative this week, InfoTrie reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Upwork earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned press 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 few days. View the latest news about Upwork.

Upwork saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 3,750,000 shares, a decline of 25.7% from the May 31st total of 5,050,000 shares. Based on an average daily volume of 2,370,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 4.5% of the shares of the stock are sold short. View Upwork's Current Options Chain.

Some companies that are related to Upwork include YY (YY), Proofpoint (PFPT), Globant (GLOB), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG), Inovalon (INOV), CarGurus (CARG), LiveRamp (RAMP), Yext (YEXT), Evertec (EVTC), SciPlay (SCPL), 8X8 (EGHT), So-Young International (SY) and Computer Services (CSVI). View all competitors.

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 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.

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

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 $14.82.

Upwork has a market capitalization of $1.71 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]