Upwork (UPWK) Set to Announce Quarterly Earnings on Wednesday

Upwork (NASDAQ:UPWKGet Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, February 14th. Analysts expect Upwork to post earnings of $0.17 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Upwork Price Performance

UPWK stock opened at $14.71 on Tuesday. The firm has a 50-day moving average of $14.51 and a 200 day moving average of $13.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.20 and a quick ratio of 3.20. The company has a market cap of $2.00 billion, a P/E ratio of -77.42 and a beta of 1.73. Upwork has a 1 year low of $6.56 and a 1 year high of $16.36.

Insider Activity at Upwork

In other news, CAO Olivier Marie sold 3,105 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $14.09, for a total value of $43,749.45. Following the completion of the transaction, the chief accounting officer now directly owns 4,338 shares of the company’s stock, valued at approximately $61,122.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Hayden Brown sold 22,177 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $14.40, for a total transaction of $319,348.80. Following the completion of the sale, the chief executive officer now owns 1,079,891 shares of the company’s stock, valued at $15,550,430.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Olivier Marie sold 3,105 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $14.09, for a total value of $43,749.45. Following the completion of the sale, the chief accounting officer now owns 4,338 shares of the company’s stock, valued at $61,122.42. The disclosure for this sale can be found here. Insiders have sold a total of 72,133 shares of company stock valued at $1,059,051 over the last ninety days. 9.00% of the stock is owned by company insiders.

Institutional Trading of Upwork

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its stake in Upwork by 575.3% in the first quarter. Russell Investments Group Ltd. now owns 2,600 shares of the company’s stock valued at $29,000 after purchasing an additional 2,215 shares during the last quarter. Quarry LP grew its stake in Upwork by 92.5% in the 1st quarter. Quarry LP now owns 3,486 shares of the company’s stock worth $39,000 after acquiring an additional 1,675 shares during the period. UBS Group AG grew its holdings in Upwork by 30.7% in the 3rd quarter. UBS Group AG now owns 4,634 shares of the company’s stock valued at $63,000 after buying an additional 1,089 shares during the period. Point72 Middle East FZE acquired a new stake in shares of Upwork in the fourth quarter worth approximately $65,000. Finally, Harbour Investments Inc. acquired a new position in shares of Upwork in the 1st quarter valued at $65,000. 75.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UPWK. JMP Securities reissued a “market outperform” rating and set a $16.00 price target on shares of Upwork in a research report on Tuesday, January 30th. Jefferies Financial Group upgraded shares of Upwork from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $20.00 in a research report on Monday, January 8th. Roth Mkm boosted their target price on shares of Upwork from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. TheStreet upgraded shares of Upwork from a “d+” rating to a “c-” rating in a report on Wednesday, December 27th. Finally, Royal Bank of Canada increased their target price on Upwork from $11.00 to $17.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.64.

Check Out Our Latest Stock Report on Upwork

About Upwork

(Get Free Report)

Upwork 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.

Featured Stories

Earnings History for Upwork (NASDAQ:UPWK)

Receive News & Ratings for Upwork Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upwork and related companies with MarketBeat.com's FREE daily email newsletter.