NASDAQ:UPWKUpwork Stock Price, Forecast & News

$12.30

-0.08 (-0.65 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$11.93

Now: $12.30▼

$12.50

50-Day Range

$5.40

MA: $9.17▼

$13.91

52-Week Range

$5.14

Now: $12.30▼

$17.75

Volume1.96 million shs

Average Volume3.46 million shs

Market Capitalization$1.42 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.54

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.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Upwork has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.13, Upwork has a potential upside of 14.8% from its current price of $12.30.
Amount of Analyst Coverage
Upwork has only been the subject of 3 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Upwork has received 148 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Upwork has received 189 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Upwork has received 56.08% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Upwork and other stocks. Vote “Outperform” if you believe UPWK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe UPWK will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Upwork does not currently pay a dividend.
Dividend Growth
Upwork does not have a long track record of dividend growth.

5.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Upwork insiders have bought 594.07% more of their company's stock than they have sold. Specifically, they have bought $5,717,614.00 in company stock and sold $823,785.00 in company stock.
Percentage Held by Insiders
40.81% of the stock of Upwork is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
55.24% of the stock of Upwork is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Upwork are expected to grow in the coming year, from ($0.34) to ($0.22) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Upwork is -64.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Upwork is -64.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Upwork has a P/B Ratio of 5.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.04 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Data processing & preparation

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:UPWK

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.upwork.com

Phone650-316-7500

Debt

Debt-to-Equity Ratio0.03

Current Ratio1.68

Quick Ratio1.68

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$300.56 million

Price / Sales4.71

Cash FlowN/A

Price / Cash FlowN/A

Book Value$2.32 per share

Price / Book5.30

Profitability

EPS (Most Recent Fiscal Year)($0.15)

Net Income$-16,660,000.00

Net Margins-6.44%

Return on Equity-7.85%

Return on Assets-4.51%

Miscellaneous

Employees430

Outstanding Shares115,140,000

Market Cap$1.42 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableNot Optionable

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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 stock has increased by 46.4% and is now trading at $12.30. 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 2 hold ratings and 5 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, August 5th 2020. View our earnings forecast for Upwork.

How were Upwork's earnings last quarter?

Upwork Inc (NASDAQ:UPWK) issued its quarterly earnings results on Wednesday, May, 6th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.03. The company had revenue of $74.80 million for 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 was up 8.6% compared to the same quarter last year. View Upwork's earnings history.

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

Upwork issued an update on its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $79-81 million, compared to the consensus revenue estimate of $82.85 million.

What price target have analysts set for UPWK?

7 brokers have issued twelve-month target prices for Upwork's shares. Their forecasts range from $10.00 to $23.00. On average, they anticipate Upwork's share price to reach $14.13 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price. View analysts' price targets for Upwork.

Has Upwork been receiving favorable news coverage?

News coverage about UPWK stock has been trending negative on Tuesday, InfoTrie Sentiment Analysis reports. The research firm ranks 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 closest to five being the most favorable. Upwork earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutUpwork.

Are investors shorting Upwork?

Upwork saw a increase in short interest in April. As of April 30th, there was short interest totaling 4,130,000 shares, an increase of 12.5% from the April 15th total of 3,670,000 shares. Based on an average daily trading volume, of 1,799,200 shares, the days-to-cover ratio is presently 2.3 days. Approximately 5.1% of the company's stock are sold short. View Upwork's Current Options Chain.

Who are some of Upwork's key competitors?

Some companies that are related to Upwork include Globant (GLOB), YY (YY), DXC Technology (DXC), Corelogic (CLGX), LiveRamp (RAMP), Inovalon (INOV), CarGurus (CARG), Evertec (EVTC), SciPlay (SCPL), Yext (YEXT), 8X8 (EGHT), Change Healthcare (CHNG), CSG Systems International (CSGS), Computer Services (CSVI) and Shutterstock (SSTK). View all 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 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.

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 many different retail and institutional investors. Top institutional investors include Capital International Investors (5.51%), BlackRock Inc. (3.86%), Deutsche Bank AG (1.86%), Baillie Gifford & Co. (1.19%), Federated Hermes Inc. (1.03%) and State Street Corp (1.01%). 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 Federated Hermes Inc., Squarepoint Ops LLC, Healthcare of Ontario Pension Plan Trust Fund, UBS Group AG, Tudor Investment Corp Et Al, Hamilton Lane Advisors LLC, Morgan Stanley, and Voloridge Investment Management LLC. 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 Capital International Investors, Deutsche Bank AG, Armor Advisors L.L.C., Two Sigma Advisers LP, Two Sigma Investments LP, Parametric Portfolio Associates LLC, Tenzing Global Management LLC, and JPMorgan Chase & Co.. 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 $12.30.

How big of a company is Upwork?

Upwork has a market capitalization of $1.42 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 5/26/2020 by MarketBeat.com Staff