Upwork (UPWK) Scheduled to Post Quarterly Earnings on Wednesday

Upwork (NASDAQ:UPWKGet Free Report) will post 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. Investors that wish to listen to the company’s conference call can do so using this link.

Upwork Stock Up 1.7 %

Shares of NASDAQ UPWK opened at $14.71 on Tuesday. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.04. Upwork has a 12 month low of $6.56 and a 12 month high of $16.36. The firm has a market capitalization of $2.00 billion, a PE ratio of -77.42 and a beta of 1.73. The firm has a fifty day simple moving average of $14.51 and a two-hundred day simple moving average of $13.42.

Insider Activity

In related news, CEO Hayden Brown sold 27,189 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $15.50, for a total transaction of $421,429.50. Following the completion of the transaction, the chief executive officer now owns 1,107,098 shares of the company’s stock, valued at approximately $17,160,019. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Gary Steele sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $13.77, for a total value of $206,550.00. Following the transaction, the director now owns 61,735 shares in the company, valued at approximately $850,090.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hayden Brown sold 27,189 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $15.50, for a total transaction of $421,429.50. Following the transaction, the chief executive officer now directly owns 1,107,098 shares of the company’s stock, valued at $17,160,019. The disclosure for this sale can be found here. Insiders have sold 72,133 shares of company stock worth $1,059,051 in the last ninety days. Company insiders own 9.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UPWK. Vanguard Group Inc. raised its stake in Upwork by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,896,205 shares of the company’s stock valued at $148,407,000 after purchasing an additional 67,553 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Upwork by 3.3% in the fourth quarter. Baillie Gifford & Co. now owns 6,807,024 shares of the company’s stock worth $71,065,000 after acquiring an additional 218,740 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Upwork by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,459,564 shares of the company’s stock valued at $22,972,000 after purchasing an additional 108,039 shares during the last quarter. State Street Corp grew its holdings in shares of Upwork by 1.9% during the 1st quarter. State Street Corp now owns 2,350,936 shares of the company’s stock worth $54,636,000 after purchasing an additional 44,681 shares during the period. Finally, Millennium Management LLC increased its position in shares of Upwork by 103.9% in the fourth quarter. Millennium Management LLC now owns 1,895,721 shares of the company’s stock worth $19,791,000 after acquiring an additional 966,196 shares in the last quarter. Hedge funds and other institutional investors own 75.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UPWK shares. Jefferies Financial Group raised Upwork from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $20.00 in a report on Monday, January 8th. TheStreet raised Upwork from a “d+” rating to a “c-” rating in a report on Wednesday, December 27th. JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of Upwork in a report on Tuesday, January 30th. Royal Bank of Canada raised their target price on shares of Upwork from $11.00 to $17.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 8th. Finally, Needham & Company LLC raised their price objective on Upwork from $15.00 to $18.00 and gave the company a “buy” 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 company’s stock. According to MarketBeat, Upwork has an average rating of “Moderate Buy” and an average price target of $15.64.

View Our Latest Stock Report on UPWK

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.

See Also

Earnings History for Upwork (NASDAQ:UPWK)

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