Upwork (NASDAQ:UPWK) Releases Earnings Results, Beats Estimates By $0.79 EPS

Upwork (NASDAQ:UPWK) posted its earnings results on Wednesday. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.24 by $0.79, Zacks reports. Upwork had a return on equity of 22.84% and a net margin of 11.26%. Upwork updated its FY 2025 guidance to 1.050-1.100 EPS and its Q1 2025 guidance to 0.240-0.260 EPS.

Upwork Stock Performance

Shares of NASDAQ:UPWK traded up $0.09 on Thursday, reaching $15.62. The company’s stock had a trading volume of 455,665 shares, compared to its average volume of 2,337,024. Upwork has a 52-week low of $8.43 and a 52-week high of $18.14. The stock has a market capitalization of $2.09 billion, a P/E ratio of 24.82 and a beta of 1.57. The stock’s 50-day moving average is $16.38 and its two-hundred day moving average is $13.41. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.18 and a quick ratio of 3.18.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UPWK. Roth Mkm raised their target price on Upwork from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised their price objective on shares of Upwork from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 6th. The Goldman Sachs Group upped their target price on shares of Upwork from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC lifted their price target on shares of Upwork from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Piper Sandler reissued an “overweight” rating and issued a $18.00 price target (up from $13.00) on shares of Upwork in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Upwork has a consensus rating of “Moderate Buy” and an average price target of $18.36.

Insider Buying and Selling

In other Upwork news, CFO Erica Gessert sold 19,816 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $15.13, for a total transaction of $299,816.08. Following the transaction, the chief financial officer now owns 128,939 shares in the company, valued at approximately $1,950,847.07. The trade was a 13.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Hayden Brown sold 8,997 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $17.12, for a total transaction of $154,028.64. Following the transaction, the chief executive officer now directly owns 1,238,156 shares in the company, valued at approximately $21,197,230.72. This trade represents a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 184,186 shares of company stock valued at $3,056,877 over the last quarter. 7.60% of the stock is currently owned by insiders.

Upwork Company Profile

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 administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development.