NASDAQ:UPWK Upwork - UPWK Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Upwork Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $12.47 +0.14 (+1.14%) (As of 01/26/2023 12:00 AM ET) Add Compare Share Share Today's Range$12.29▼$12.7750-Day Range$9.91▼$12.8652-Week Range$9.79▼$29.92Volume704,399 shsAverage Volume1.18 million shsMarket Capitalization$1.64 billionP/E RatioN/ADividend YieldN/APrice Target$22.82 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Upwork MarketRank™ ForecastAnalyst RatingModerate Buy2.70 Rating ScoreUpside/Downside83.0% Upside$22.82 Price TargetShort InterestHealthy4.03% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.33Based on 7 Articles This WeekInsider TradingSelling Shares$741,714 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.74) to ($0.57) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.24 out of 5 starsComputer And Technology Sector307th out of 627 stocksData Processing & Preparation Industry29th out of 72 stocks 3.4 Analyst's Opinion Consensus RatingUpwork has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $22.82, Upwork has a forecasted upside of 83.0% from its current price of $12.47.Amount of Analyst CoverageUpwork has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.03% of the float of Upwork has been sold short.Short Interest Ratio / Days to CoverUpwork has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Upwork has recently decreased by 4.53%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldUpwork does not currently pay a dividend.Dividend GrowthUpwork does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for UPWK. Previous Next 2.4 News and Social Media Coverage News SentimentUpwork has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Upwork this week, compared to 4 articles on an average week.Search Interest5 people have searched for UPWK on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Upwork to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Upwork insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $741,714.00 in company stock.Percentage Held by InsidersOnly 8.90% of the stock of Upwork is held by insiders.Percentage Held by Institutions74.05% of the stock of Upwork is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Upwork are expected to grow in the coming year, from ($0.74) to ($0.57) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Upwork is -16.85, 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. SectorThe P/E ratio of Upwork is -16.85, 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 RatioUpwork has a P/B Ratio of 6.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Upwork (NASDAQ:UPWK) StockUpwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. 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 San Francisco, California.Read More Receive UPWK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Upwork and its competitors with MarketBeat's FREE daily newsletter. Email Address UPWK Stock News HeadlinesJanuary 20, 2023 | americanbankingnews.comUpwork (NASDAQ:UPWK) & BIT Mining (NYSE:BTCM) Head to Head ContrastJanuary 18, 2023 | finance.yahoo.comUpwork Unveils Most In-Demand Skills for Independent Professionals in 2023January 26, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.January 17, 2023 | finance.yahoo.comUpwork to Report Fourth Quarter and Full Year 2022 Financial Results on February 15, 2023January 9, 2023 | finance.yahoo.comAfter losing 61% in the past year, Upwork Inc. (NASDAQ:UPWK) institutional owners must be relieved by the recent gainJanuary 3, 2023 | finance.yahoo.comUpwork to Participate in 25th Annual Needham Growth ConferenceDecember 13, 2022 | finance.yahoo.comUpwork Study Finds 60 Million Americans Freelancing in 2022December 13, 2022 | finance.yahoo.comInsiders in Upwork Inc. (NASDAQ:UPWK) are down 30% on their US$1.1m purchase despite recent gainsJanuary 26, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.November 16, 2022 | finance.yahoo.comAmidst increasing losses, Investors bid up Upwork (NASDAQ:UPWK) 23% this past weekNovember 11, 2022 | finance.yahoo.comWall Street Analysts Think Upwork (UPWK) Could Surge 146%: Read This Before Placing a BetOctober 27, 2022 | finance.yahoo.comUpwork (UPWK) Q3 2022 Earnings Call TranscriptOctober 26, 2022 | finance.yahoo.comUpwork Reports Third Quarter 2022 Financial ResultsOctober 17, 2022 | ca.finance.yahoo.comHow to Create $500 in Cash and Turn it Into $5,000 Now - Yahoo Canada FinanceOctober 16, 2022 | realmoney.thestreet.com2 Trades on 2 Promising Small-Cap Growth Names - RealMoneyOctober 14, 2022 | seekingalpha.comUpwork Stock: Decent Execution, Slight Premium Valuation (UPWK) - Seeking AlphaOctober 11, 2022 | reuters.comBiden's labor rule to shake up gig economy that relies on contractors - ReutersOctober 10, 2022 | nasdaq.com2 Gig Economy Stocks to Buy amid Workforce Paradigm Shifts - NasdaqOctober 7, 2022 | finance.yahoo.com10 Best Gig Economy Stocks To Buy Now - Yahoo FinanceOctober 6, 2022 | finance.yahoo.comGreenhouse Launches New "Talent Makers" Podcast - Yahoo FinanceOctober 5, 2022 | businessinsider.comHow to Make Side-Hustle Income on Fiverr and Top Trending Searches - Business InsiderOctober 4, 2022 | finance.yahoo.comUpwork to Report Third Quarter 2022 Financial Results on October 26, 2022October 3, 2022 | investorplace.com7 Nasdaq Sleeper Stocks to Buy Before Wall Street Wakes Up - InvestorPlaceOctober 3, 2022 | investorplace.comThe 7 Best Long-Term Stocks to Buy Now - InvestorPlaceOctober 2, 2022 | reuters.comUPWK.O - Upwork Inc | Stock Price & Latest News | ReutersSeptember 29, 2022 | businesswire.comUpwork Unveils New Anthem That Embraces “How We Work Now” - Business WireSeptember 27, 2022 | reuters.comRideshare, retailers brace for tough U.S. independent contractor rule - ReutersSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive UPWK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Upwork and its competitors with MarketBeat's FREE daily newsletter. Email Address UPWK Company Calendar Last Earnings10/27/2021Today1/26/2023Next Earnings (Confirmed)2/15/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:UPWK CUSIPN/A CIK1627475 Webwww.upwork.com Phone(650) 316-7500FaxN/AEmployees650Year FoundedN/APrice Target and Rating Average Stock Price Forecast$22.82 High Stock Price Forecast$40.00 Low Stock Price Forecast$15.00 Forecasted Upside/Downside+83.0%Consensus RatingModerate Buy Rating Score (0-4)2.70 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($0.74) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-56,240,000.00 Net Margins-16.16% Pretax Margin-16.13% Return on Equity-38.46% Return on Assets-8.81% Debt Debt-to-Equity Ratio2.32 Current Ratio3.69 Quick Ratio3.69 Sales & Book Value Annual Sales$502.80 million Price / Sales3.26 Cash FlowN/A Price / Cash FlowN/A Book Value$2.02 per share Price / Book6.17Miscellaneous Outstanding Shares131,342,000Free Float119,653,000Market Cap$1.64 billion OptionableNot Optionable Beta1.45 Key ExecutivesMs. Hayden Brown (Age 41)Pres, CEO & Director Comp: $1.5MMr. Jeff McCombsChief Financial OfficerMr. Eric Gilpin (Age 43)Chief Sales Officer Comp: $893.51kMs. Elizabeth Tse (Age 55)Sr. VP of Operations Mr. Olivier Marie (Age 53)Chief Accounting Officer, Treasurer, Principal Accounting Officer & Controller Mr. Saty BahadurChief Technology OfficerDenise GarciaInvestor Relations OfficerMr. Brian Levey (Age 55)Chief Bus. Affairs & Legal Officer and Sec. Ms. Amanda Vinson (Age 42)Sr. VP of Corp. Strategy & Devel. Ms. Melissa WatersChief Marketing OfficerMore ExecutivesKey CompetitorsTaskUsNASDAQ:TASKCSG Systems InternationalNASDAQ:CSGSE2open ParentNYSE:ETWOShutterstockNYSE:SSTKtrivagoNASDAQ:TRVGView All CompetitorsInsiders & InstitutionsBaillie Gifford & Co.Bought 218,740 shares on 1/24/2023Ownership: 5.183%Transcend Capital Advisors LLCBought 1,075 shares on 1/20/2023Ownership: 0.108%Olivier MarieSold 253 sharesTotal: $3,187.80 ($12.60/share)AMI Asset Management CorpBought 3,799 shares on 1/17/2023Ownership: 0.125%Hayden BrownSold 30,677 sharesTotal: $328,550.67 ($10.71/share)View All Insider TransactionsView All Institutional Transactions UPWK Stock - Frequently Asked Questions Should I buy or sell Upwork stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" UPWK shares. View UPWK analyst ratings or view top-rated stocks. What is Upwork's stock price forecast for 2023? 10 brokerages have issued 1 year price objectives for Upwork's shares. Their UPWK share price forecasts range from $15.00 to $40.00. On average, they anticipate the company's stock price to reach $22.82 in the next year. This suggests a possible upside of 84.2% from the stock's current price. View analysts price targets for UPWK or view top-rated stocks among Wall Street analysts. How have UPWK shares performed in 2023? Upwork's stock was trading at $10.44 at the beginning of 2023. Since then, UPWK stock has increased by 18.7% and is now trading at $12.39. View the best growth stocks for 2023 here. When is Upwork's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023. View our UPWK earnings forecast. How can I listen to Upwork's earnings call? Upwork will be holding an earnings conference call on Wednesday, February 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Upwork's earnings last quarter? Upwork Inc. (NASDAQ:UPWK) posted its quarterly earnings results on Wednesday, October, 27th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by $0.09. The company had revenue of $128.14 million for the quarter, compared to analyst estimates of $126.59 million. Upwork had a negative net margin of 16.16% and a negative trailing twelve-month return on equity of 38.46%. The business's revenue for the quarter was up 32.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) earnings per share. What guidance has Upwork issued on next quarter's earnings? Upwork issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided EPS guidance of -$0.03--$0.01 for the period, compared to the consensus EPS estimate of -$0.04. The company issued revenue guidance of $158.00 million-$160.00 million, compared to the consensus revenue estimate of $159.61 million. What is Hayden Brown's approval rating as Upwork's CEO? 32 employees have rated Upwork Chief Executive Officer Hayden Brown on Glassdoor.com. Hayden Brown has an approval rating of 85% among the company's employees. What other stocks do shareholders of Upwork own? 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), Block (SQ), Zoom Video Communications (ZM), Trade Desk (TTD), DocuSign (DOCU) and Teladoc Health (TDOC). 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 $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 a number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (5.18%), AMI Asset Management Corp (0.12%) and Transcend Capital Advisors LLC (0.11%). Insiders that own company stock include Brian K Kinion, Elizabeth A Nelson, Eric Gilpin, Gary Steele, Gregory C Gretsch, Hayden Brown, Jeff Mccombs, Kevin Harvey, Leela Srinivasan, Olivier Marie, Stephane Kasriel, Susan Miranda Green and Thomas Layton. View institutional ownership trends. How do I buy shares of Upwork? Shares of UPWK stock 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. Compare Top Brokerages Here. What is Upwork's stock price today? One share of UPWK stock can currently be purchased for approximately $12.39. How much money does Upwork make? Upwork (NASDAQ:UPWK) has a market capitalization of $1.63 billion and generates $502.80 million in revenue each year. The company earns $-56,240,000.00 in net income (profit) each year or ($0.74) on an earnings per share basis. How many employees does Upwork have? The company employs 650 workers across the globe. How can I contact Upwork? Upwork's mailing address is 2625 Augustine Drive Suite 601, Santa Clara CA, 95054. The official website for the company is www.upwork.com. The company can be reached via phone at (650) 316-7500 or via email at investor@upwork.com. This page (NASDAQ:UPWK) was last updated on 1/26/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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