Upwork (UPWK) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Upwork (NASDAQ:UPWK) in a research note issued on Monday, The Fly reports. The brokerage set a “hold” rating on the stock.

Several other research firms have also recently issued reports on UPWK. Guggenheim assumed coverage on Upwork in a report on Wednesday, October 24th. They set a “buy” rating and a $25.00 price objective on the stock. Royal Bank of Canada assumed coverage on Upwork in a report on Monday. They set an “outperform” rating and a $24.00 price objective on the stock. Stifel Nicolaus assumed coverage on Upwork in a report on Monday. They set a “hold” rating on the stock. Finally, Citigroup assumed coverage on Upwork in a report on Monday. They set a “buy” rating and a $23.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $24.00.

UPWK stock opened at $18.69 on Monday. Upwork has a 52-week low of $16.70 and a 52-week high of $23.49.



In other news, SVP Hayden Brown sold 54,246 shares of the firm’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $13.95, for a total transaction of $756,731.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

About Upwork

Upwork Inc operates an online platform that connects businesses and freelancers. Its platform comprise freelancers in content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and web development categories. The company was formerly known as Elance-oDesk, Inc and changed its name to Upwork Inc in May 2015.

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