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. Since then, UPWK stock has increased by 91.4% and is now trading at $16.08. 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) posted its quarterly earnings results on Wednesday, May, 6th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by $0.03. The business had revenue of $74.80 million for the quarter, compared to the consensus estimate of $80.04 million. Upwork had a negative return on equity of 7.85% and a negative net margin of 6.44%. The company's revenue 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 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 share price to reach $13.14 in the next twelve months. This suggests that the stock has a possible downside of 18.3%. View analysts' price targets for Upwork.

News headlines about UPWK stock have trended somewhat positive this week, according to InfoTrie. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Upwork earned a daily sentiment score of 1.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about Upwork.

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

Some companies that are related to Upwork include Five9 (FIVN), Proofpoint (PFPT), YY (YY), Globant (GLOB), Corelogic (CLGX), DXC Technology (DXC), LiveRamp (RAMP), Change Healthcare (CHNG), CarGurus (CARG), Inovalon (INOV), Yext (YEXT), SciPlay (SCPL), Evertec (EVTC), 8X8 (EGHT) 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 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 institutional and retail investors. Top institutional investors include O Brien Wealth Partners LLC (0.05%). 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.

UPWK stock was purchased by a variety of institutional investors in the last quarter, including O Brien Wealth Partners 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 $16.08.

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]