Upwork Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Upwork stock.
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Wall Street analysts have given Upwork a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Upwork wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Upwork saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 5,110,000 shares, an increase of 29.7% from the July 29th total of 3,940,000 shares. Based on an average daily trading volume, of 1,840,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 4.5% of the company's shares are short sold.
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Upwork is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Upwork.

Upwork Inc. (NASDAQ:UPWK) announced its earnings results on Thursday, July, 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.11) by $0.02. The company had revenue of $124.18 million for the quarter, compared to the consensus estimate of $120.82 million. Upwork had a negative trailing twelve-month return on equity of 8.77% and a negative net margin of 5.94%.
View Upwork's earnings history.

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 shares have increased by 491.7% and is now trading at $49.70.
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Upwork issued an update on its FY 2021 earnings guidance on Thursday, August, 5th. The company provided earnings per share (EPS) guidance of $0.050-$0.070 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.240. The company issued revenue guidance of $490 million-$494 million, compared to the consensus revenue estimate of $487.17 million.

7 Wall Street analysts have issued 1-year price objectives for Upwork's shares. Their forecasts range from $39.00 to $77.00. On average, they expect Upwork's stock price to reach $62.75 in the next year. This suggests a possible upside of 26.3% from the stock's current price.
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32 employees have rated Upwork CEO Hayden Brown on Glassdoor.com. Hayden Brown has an approval rating of 85% among Upwork's employees.

Some companies that are related to Upwork include Bilibili (BILI), RingCentral (RNG), PagSeguro Digital (PAGS), GoodRx (GDRX), Clarivate (CLVT), Zendesk (ZEN), StoneCo (STNE), Globant (GLOB), ironSource (IS), Five9 (FIVN), Playtika (PLTK), Pegasystems (PEGA), Proofpoint (PFPT), TELUS International (Cda) (TIXT) and DXC Technology (DXC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Upwork investors own include NVIDIA (NVDA), Shopify (SHOP), Advanced Micro Devices (AMD), Twilio (TWLO), Alibaba Group (BABA), Square (SQ), Zoom Video Communications (ZM), The Trade Desk (TTD), DocuSign (DOCU) and Teladoc Health (TDOC).

(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. (8.42%), Price T Rowe Associates Inc. MD (7.64%), BlackRock Inc. (5.88%), Baillie Gifford & Co. (4.47%), FMR LLC (3.65%) and State Street Corp (1.68%). Company insiders that own Upwork stock include Brian K Kinion, Elizabeth A Nelson, Eric Gilpin, Gary Steele, Gregory C Gretsch, Han-Shen Yuan, Hayden Brown, Jeff Mccombs, Leela Srinivasan, Stephane Kasriel, Susan Miranda Green and Thomas Layton.
View institutional ownership trends for Upwork.

UPWK stock was sold by a variety of institutional investors in the last quarter, including Ancient Art L.P., FMR LLC, Morgan Stanley, Morgan Stanley, Kornitzer Capital Management Inc. KS, Capital International Investors, Canada Pension Plan Investment Board, and Lord Abbett & CO. LLC. Company insiders that have sold Upwork company stock in the last year include Elizabeth A Nelson, Eric Gilpin, Gary Steele, Hayden Brown, Jeff Mccombs, Leela Srinivasan, and Susan Miranda Green.
View insider buying and selling activity for Upwork or view top insider-selling stocks.

UPWK stock was acquired by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Durable Capital Partners LP, Vanguard Group Inc., BlackRock Inc., Invesco Ltd., Penserra Capital Management LLC, Baillie Gifford & Co., and State Street Corp. 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 or or view top insider-buying stocks.

Shares of UPWK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UPWK stock can currently be purchased for approximately $49.70.

Upwork has a market capitalization of $6.34 billion and generates $373.63 million in revenue each year. The company earns $-22,870,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis.

Upwork employs 540 workers across the globe.

The official website for Upwork is www.upwork.com.

Upwork is headquartered at 2625 Augustine Drive Suite 601, Santa Clara CA, 95054.

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].