Upwork Inc. (NASDAQ:UPWK) Receives $13.05 Average Price Target from Brokerages

Shares of Upwork Inc. (NASDAQ:UPWK) have received an average rating of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $13.05.

A number of analysts have commented on the stock. Royal Bank Of Canada reduced their target price on shares of Upwork from $9.00 to $8.00 and set a “sector perform” rating for the company in a report on Tuesday, August 11th. Weiss Ratings cut shares of Upwork from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Canaccord Genuity Group cut their price objective on shares of Upwork from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, August 12th. Scotiabank reduced their price objective on Upwork from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 11th. Finally, UBS Group decreased their target price on Upwork from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, August 14th.

Insider Transactions at Upwork

In other news, CFO Erica Gessert sold 22,844 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total value of $192,574.92. Following the transaction, the chief financial officer owned 364,789 shares of the company’s stock, valued at $3,075,171.27. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Anthony Kappus sold 45,732 shares of Upwork stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $8.45, for a total value of $386,435.40. Following the transaction, the chief operating officer directly owned 76,342 shares in the company, valued at approximately $645,089.90. The trade was a 37.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 178,867 shares of company stock valued at $1,509,806 over the last quarter. 4.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Upwork

Hedge funds have recently modified their holdings of the company. Rice Hall James & Associates LLC purchased a new position in shares of Upwork in the second quarter valued at about $23,214,000. Summit Partners Public Asset Management LLC purchased a new stake in shares of Upwork during the fourth quarter worth about $40,136,000. Capital International Investors grew its position in shares of Upwork by 37.7% during the fourth quarter. Capital International Investors now owns 3,288,860 shares of the company’s stock worth $65,185,000 after purchasing an additional 900,318 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Upwork by 26.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,715,616 shares of the company’s stock valued at $40,720,000 after purchasing an additional 779,506 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Upwork during the 2nd quarter valued at approximately $6,156,000. 77.71% of the stock is currently owned by institutional investors.

Upwork News Roundup

Here are the key news stories impacting Upwork this week:

• Positive Sentiment: Upwork’s latest quarterly earnings exceeded expectations: adjusted EPS was $0.41 versus the $0.34 consensus estimate. The company also maintained fiscal 2026 EPS guidance of $1.38–$1.43, supporting the profitability case. Upwork stock slips as earnings beat meets revenue decline
• Neutral Sentiment: CEO Hayden Brown, CFO Erica Gessert, COO Anthony Kappus and CAO Sabrina Mekhalfa sold shares at approximately $8.45 each. The filings state that the transactions were made to cover tax-withholding obligations tied to vested equity awards, which makes them less indicative of discretionary bearish views. Upwork CFO insider sale
• Negative Sentiment: Revenue declined 1.7% year over year to $191.66 million, tempering the earnings beat and raising concerns about limited growth in Upwork’s marketplace. Several analysts subsequently maintained Hold or Neutral ratings and reduced price targets, contributing to the cautious sentiment. Upwork stock slips as earnings beat meets revenue decline

Upwork Stock Performance

UPWK stock opened at $8.35 on Friday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 10.84 and a beta of 1.01. The business’s 50-day moving average is $8.90 and its two-hundred day moving average is $9.53. Upwork has a fifty-two week low of $7.44 and a fifty-two week high of $22.84.

Upwork (NASDAQ:UPWK) last released its quarterly earnings results on Monday, August 10th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Upwork had a net margin of 12.94% and a return on equity of 16.70%. The firm had revenue of $191.66 million during the quarter. During the same period in the previous year, the company earned $0.35 EPS. Upwork’s revenue for the quarter was down 1.7% compared to the same quarter last year. Upwork has set its FY 2026 guidance at 1.380-1.430 EPS and its Q3 2026 guidance at 0.310-0.330 EPS.

Upwork Company Profile

Upwork Inc operates a global online work marketplace that connects businesses with independent professionals and agencies. The platform supports a wide range of services, including software development, design and creative work, marketing, writing and translation, consulting, customer support, and administrative services.

Through its marketplace, Upwork enables businesses to find talent, post projects, manage engagements, collaborate remotely, and process payments. The company also offers solutions designed for larger organizations, including tools for sourcing, onboarding, managing, and paying independent professionals at scale.

Upwork was formed through the 2014 merger of Elance and oDesk and adopted the Upwork name in 2015.