Upwork Inc. (NASDAQ:UPWK – Get Free Report) VP Dave Bottoms sold 2,843 shares of Upwork stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $13.22, for a total transaction of $37,584.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Upwork Stock Down 2.2 %
Shares of NASDAQ:UPWK traded down $0.28 during trading on Tuesday, hitting $12.35. 1,725,532 shares of the company were exchanged, compared to its average volume of 2,061,702. Upwork Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $16.36. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 36.09 and a beta of 1.66. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.02. The firm has a fifty day moving average price of $12.17 and a two-hundred day moving average price of $13.22.
Upwork (NASDAQ:UPWK – Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Upwork had a net margin of 6.70% and a return on equity of 13.96%. The company had revenue of $183.93 million for the quarter, compared to analyst estimates of $178.43 million. As a group, research analysts anticipate that Upwork Inc. will post 0.42 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Jefferies Financial Group raised Upwork from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.00 to $20.00 in a research note on Monday, January 8th. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Upwork in a report on Thursday, May 2nd. UBS Group lifted their price target on shares of Upwork from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada lowered their price objective on shares of Upwork from $18.00 to $15.00 and set a “sector perform” rating for the company in a research report on Thursday, May 2nd. Finally, BTIG Research raised shares of Upwork from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.30.
Get Our Latest Stock Report on UPWK
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.
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