Upwork Stock Forecast, Price & News

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 stock has increased by 83.5% and is now trading at $15.41.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 3 hold ratings and 5 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) posted its earnings results 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 the consensus estimate of $80.75 million. Upwork had a negative return on equity of 11.18% 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.

8 Wall Street analysts have issued 12 month price targets for Upwork's shares. Their forecasts range from $10.00 to $20.00. On average, they anticipate Upwork's stock price to reach $14.67 in the next year. This suggests that the stock has a possible downside of 4.8%.
View analysts' price targets for Upwork.

Upwork saw a increase in short interest in August. As of August 31st, there was short interest totaling 4,300,000 shares, an increase of 18.5% from the August 15th total of 3,630,000 shares. Based on an average daily trading volume, of 2,840,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 4.9% of the company's shares are short sold.
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Some companies that are related to Upwork include Globant (GLOB), YY (YY), Proofpoint (PFPT), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG), Inovalon (INOV), LiveRamp (RAMP), Liberty TripAdvisor (LTRPB), CarGurus (CARG), Evertec (EVTC), SciPlay (SCPL), Yext (YEXT), Shutterstock (SSTK) and Computer Services (CSVI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Upwork investors own include NVIDIA (NVDA), Shopify (SHOP), Alibaba Group (BABA), Trade Desk (TTD), Advanced Micro Devices (AMD), Twilio (TWLO), Zoom Video Communications (ZM), salesforce.com (CRM), Square (SQ) 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 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.98%), Federated Hermes Inc. (1.04%), Driehaus Capital Management LLC (1.02%), Nuveen Asset Management LLC (0.88%), Frontier Capital Management Co. LLC (0.69%) and Two Sigma Advisers LP (0.59%). Company insiders that own Upwork stock include Brian K Kinion, Bruce Dunlevie, Dan Marriott, Eric Gilpin, Globespan Management Associate, Gregory C Gretsch, Han-Shen Yuan, Hayden Brown, Leela Srinivasan, Stephane Kasriel, Steven M Spurlock and Thomas Layton.
View institutional ownership trends for Upwork.

UPWK stock was sold by a variety of institutional investors in the last quarter, including Edmond DE Rothschild Holding S.A., Glenmede Trust Co. NA, Two Sigma Advisers LP, AlphaCrest Capital Management LLC, Advisor Group Holdings Inc., Russell Investments Group Ltd., Jacobs Levy Equity Management Inc., and PDT Partners LLC. Company insiders that have sold Upwork company stock in the last year include Brian K Kinion, Eric Gilpin, Han-Shen Yuan, Hayden Brown, Leela Srinivasan, and Stephane Kasriel.
View insider buying and selling activity for Upwork.

UPWK stock was purchased by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Frontier Capital Management Co. LLC, Nuveen Asset Management LLC, Kornitzer Capital Management Inc. KS, Vanguard Group Inc., New York State Common Retirement Fund, Hudson Bay Capital Management LP, and Cadence Capital Management LLC. 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 $15.41.

Upwork has a market capitalization of $1.85 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]