Upwork Stock Forecast, Price & News

Upwork's stock was trading at $8.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, UPWK stock has increased by 134.8% and is now trading at $19.72.
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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 will be holding an earnings conference call on Wednesday, November 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Upwork Inc. (NASDAQ:UPWK) posted its quarterly earnings results on Tuesday, August, 4th. The company reported ($0.09) EPS for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.09). The business had revenue of $87.53 million for the quarter, compared to analyst estimates of $80.75 million. Upwork had a negative return on equity of 11.18% and a negative net margin of 8.91%.
View Upwork's earnings history.

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 brokers have issued 12 month price targets for Upwork's shares. Their forecasts range from $10.00 to $20.00. On average, they expect Upwork's stock price to reach $14.67 in the next year. This suggests that the stock has a possible downside of 25.6%.
View analysts' price targets for Upwork.

Some companies that are related to Upwork include Five9 (FIVN), Globant (GLOB), JOYY (YY), Proofpoint (PFPT), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG), LiveRamp (RAMP), Inovalon (INOV), Perspecta (PRSP), Liberty TripAdvisor (LTRPB), Evertec (EVTC), CarGurus (CARG), Shutterstock (SSTK) and Yext (YEXT).
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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), Trade Desk (TTD), Docusign (DOCU) and Teladoc Health (TDOC).

(UPWK) raised $135 million in an initial public offering (IPO) 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 served 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 retail and institutional investors. Top institutional shareholders include O Brien Wealth Partners LLC (0.04%), Cadence Capital Management LLC (0.02%), Hamilton Lane Advisors LLC (0.01%), Edge Wealth Management LLC (0.01%) and Nisa Investment Advisors LLC (0.00%). 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 Edge Wealth Management LLC, Cadence Capital Management LLC, and O Brien Wealth 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 Hamilton Lane Advisors LLC, and Nisa Investment Advisors 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 $19.72.

Upwork has a market capitalization of $2.37 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 570 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]