NASDAQ:UPWKUpwork Stock Price, Forecast & News

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.
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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."
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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 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%.
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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 guidance of for the period. The company issued revenue guidance of $89-91 million, compared to the consensus revenue estimate of $85.04 million.

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%.
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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.

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

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.

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.

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.

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 $15.09.

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.

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]