Upwork (NASDAQ:UPWK) Updates FY 2025 Earnings Guidance

Upwork (NASDAQ:UPWK) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.050-1.100 for the period, compared to the consensus EPS estimate of 1.190. The company issued revenue guidance of $740.0 million-$760.0 million, compared to the consensus revenue estimate of $759.7 million. Upwork also updated its Q1 2025 guidance to 0.240-0.260 EPS.

Upwork Stock Up 2.0 %

Upwork stock traded up $0.30 during trading hours on Wednesday, reaching $15.53. The stock had a trading volume of 4,145,269 shares, compared to its average volume of 2,403,242. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 24.65 and a beta of 1.57. The business’s 50 day moving average price is $16.41 and its 200-day moving average price is $13.39. Upwork has a 52 week low of $8.43 and a 52 week high of $18.14. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.18 and a quick ratio of 3.18.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.24 by $0.79. Upwork had a net margin of 11.26% and a return on equity of 22.84%. Sell-side analysts anticipate that Upwork will post 0.65 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on UPWK shares. Citigroup boosted their target price on Upwork from $11.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, November 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $18.00 price objective (up from $13.00) on shares of Upwork in a research report on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and set a $17.00 target price on shares of Upwork in a research report on Friday, January 17th. Jefferies Financial Group raised their price target on shares of Upwork from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Roth Mkm boosted their price objective on shares of Upwork from $13.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Upwork currently has a consensus rating of “Moderate Buy” and an average target price of $18.09.

Insider Activity at Upwork

In related news, CEO Hayden Brown sold 8,997 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $17.12, for a total transaction of $154,028.64. Following the sale, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth A. Nelson sold 75,000 shares of Upwork stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $17.37, for a total transaction of $1,302,750.00. Following the completion of the transaction, the director now directly owns 48,915 shares of the company’s stock, valued at $849,653.55. The trade was a 60.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,186 shares of company stock worth $3,056,877 over the last three months. Company insiders own 7.60% of the company’s stock.

About Upwork

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.