NASDAQ:UPWK

Upwork Stock Forecast, Price & News

$42.04
+2.00 (+5.00 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
$40.67
$42.30
50-Day Range
$40.04
$50.32
52-Week Range
$8.92
$63.88
Volume1.41 million shs
Average Volume1.97 million shs
Market Capitalization$5.30 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.15
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
Current SymbolNASDAQ:UPWK
CUSIPN/A
CIKN/A
Phone650-316-7500
Employees540
Year FoundedN/A

Sales & Book Value

Annual Sales$300.56 million
Book Value$2.32 per share

Profitability

Net Income$-16,660,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap$5.30 billion
Next Earnings Date8/3/2021 (Estimated)
OptionableNot Optionable

Headlines

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Upwork logo

About Upwork

Upwork Inc., together with its subsidiaries, operates an online talent marketplace that enables businesses to find and work with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's platform 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 platform also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's platform offers access to various functionalities for remote engagements with freelancers comprising communication and collaboration, time tracking, invoicing, and payment. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, 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 Santa Clara, California.

MarketRank

Overall MarketRank

1.44 out of 5 stars

Computer And Technology Sector

419th out of 1,563 stocks

Data Processing & Preparation Industry

33rd out of 100 stocks

Analyst Opinion: 3.4Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
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Upwork (NASDAQ:UPWK) Frequently Asked Questions

Is Upwork a buy right now?

7 Wall Street equities 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 equities research analysts is that investors should "buy" Upwork stock.
View analyst ratings for Upwork
or view top-rated stocks.

What stocks does MarketBeat like better than Upwork?

Wall Street analysts have given Upwork a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Upwork wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Upwork?

Upwork saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 6,710,000 shares, a decrease of 15.0% from the March 31st total of 7,890,000 shares. Based on an average trading volume of 1,990,000 shares, the days-to-cover ratio is currently 3.4 days.
View Upwork's Short Interest
.

When is Upwork's next earnings date?

Upwork is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Upwork
.

How were Upwork's earnings last quarter?

Upwork Inc. (NASDAQ:UPWK) issued its earnings results on Tuesday, May, 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.02. The business had revenue of $113.62 million for the quarter, compared to the consensus estimate of $107.21 million. Upwork had a negative net margin of 8.42% and a negative trailing twelve-month return on equity of 10.95%. The firm's quarterly revenue was up 36.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share.
View Upwork's earnings history
.

How has Upwork's stock price been impacted by COVID-19?

Upwork's stock was trading at $8.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, UPWK stock has increased by 400.5% and is now trading at $42.04.
View which stocks have been most impacted by COVID-19
.

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

Upwork issued an update on its FY 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $480 million-$490 million, compared to the consensus revenue estimate of $466.70 million.

What price target have analysts set for UPWK?

7 Wall Street analysts have issued 1-year price objectives for Upwork's stock. Their forecasts range from $39.00 to $77.00. On average, they expect Upwork's share price to reach $60.75 in the next twelve months. This suggests a possible upside of 44.5% from the stock's current price.
View analysts' price targets for Upwork
or view top-rated stocks among Wall Street analysts.

Who are Upwork's key executives?

Upwork's management team includes the following people:
  • Ms. Hayden Brown, Pres, CEO & Director (Age 39, Pay $510.83k)
  • Mr. Jeff McCombs, Chief Financial Officer
  • Ms. Elizabeth Tse, Sr. VP of Operations (Age 53)
  • Mr. Stratis Karamanlakis, Chief Technology Officer
  • Denise Garcia, Investor Relations Officer
  • Mr. Brian Levey, Chief Bus. Affairs & Legal Officer and Sec. (Age 53)
  • Mr. Eric Gilpin, Sr. VP of Sales (Age 42)
  • Mr. Lars Asbjornsen, Sr. VP of Marketing (Age 56)
  • Ms. Amanda Vinson, Sr. VP of Corp. Strategy & Devel. (Age 40)
  • Ms. Zoë Harte, Sr. VP of HR & Talent Innovation (Age 46)

What is Hayden Brown's approval rating as Upwork's CEO?

32 employees have rated Upwork CEO Hayden Brown on Glassdoor.com. Hayden Brown has an approval rating of 85% among Upwork's employees.

Who are some of Upwork's key 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 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).

When did Upwork IPO?

(UPWK) raised $135 million in an 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.

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.28%), Baillie Gifford & Co. (4.16%), Kornitzer Capital Management Inc. KS (0.91%), IvyRock Asset Management HK Ltd (0.29%), Rheos Capital Works Inc. (0.22%) and Swiss National Bank (0.14%). Company insiders that own Upwork stock include Brian K Kinion, Bruce Dunlevie, Dan Marriott, Elizabeth A Nelson, Eric Gilpin, Gregory C Gretsch, Han-Shen Yuan, Hayden Brown, Leela Srinivasan, 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 Kornitzer Capital Management Inc. KS, State of New Jersey Common Pension Fund D, Rhumbline Advisers, Cypress Growth Fund Iii LP, Parallel Advisors LLC, Janney Montgomery Scott LLC, BNP Paribas Arbitrage SA, and The Manufacturers Life Insurance Company . Company insiders that have sold Upwork company stock in the last year include Elizabeth A Nelson, Eric Gilpin, Hayden Brown, and Leela Srinivasan.
View insider buying and selling activity for Upwork
or view top insider-selling stocks.

Which institutional investors are buying Upwork stock?

UPWK stock was acquired by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., IvyRock Asset Management HK Ltd, Rheos Capital Works Inc., AMI Asset Management Corp, BlackRock Inc., Hillsdale Investment Management Inc., Cohen Capital Management Inc., and Ballew Advisors Inc. 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.

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 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 $42.04.

How much money does Upwork make?

Upwork has a market capitalization of $5.30 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.

How many employees does Upwork have?

Upwork employs 540 workers across the globe.

What is Upwork's official website?

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

Where are Upwork's headquarters?

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

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 5/9/2021 by MarketBeat.com Staff
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