Investment Analysts’ Weekly Ratings Changes for Upwork (UPWK)

Several analysts have recently updated their ratings and price targets for Upwork (NASDAQ: UPWK):

• 2/13/2025 – Upwork had its price target raised by analysts at Royal Bank of Canada from $16.00 to $18.00. They now have a “sector perform” rating on the stock.
• 2/13/2025 – Upwork had its price target raised by analysts at UBS Group AG from $18.00 to $19.00. They now have a “neutral” rating on the stock.
• 2/13/2025 – Upwork had its price target lowered by analysts at Roth Mkm from $20.00 to $19.00. They now have a “buy” rating on the stock.
• 2/13/2025 – Upwork had its price target raised by analysts at Needham & Company LLC from $17.00 to $19.00. They now have a “buy” rating on the stock.
• 1/30/2025 – Upwork had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $18.00 price target on the stock.
• 1/17/2025 – Upwork had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $17.00 price target on the stock.
• 1/6/2025 – Upwork had its price target raised by analysts at Jefferies Financial Group Inc. from $19.00 to $20.00. They now have a “buy” rating on the stock.

Upwork Price Performance

NASDAQ UPWK traded up $0.22 during trading hours on Wednesday, reaching $14.85. 439,436 shares of the company’s stock were exchanged, compared to its average volume of 2,593,916. The firm has a fifty day moving average of $16.12 and a 200-day moving average of $13.98. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.62. Upwork Inc. has a one year low of $8.43 and a one year high of $18.14. The stock has a market cap of $2.01 billion, a PE ratio of 9.70 and a beta of 1.57.

Upwork (NASDAQ:UPWK) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.79. Upwork had a net margin of 28.02% and a return on equity of 50.83%. On average, equities research analysts predict that Upwork Inc. will post 0.84 earnings per share for the current fiscal year.

Insider Activity at Upwork

In other news, 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 transaction, the director now directly owns 48,915 shares of the company’s stock, valued at $849,653.55. This trade represents a 60.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Dave Bottoms sold 5,360 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $17.11, for a total value of $91,709.60. Following the sale, the vice president now directly owns 9,642 shares of the company’s stock, valued at approximately $164,974.62. The trade was a 35.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 228,187 shares of company stock valued at $3,917,213 over the last quarter. Corporate insiders own 7.60% of the company’s stock.

Institutional Trading of Upwork

Several hedge funds and other institutional investors have recently modified their holdings of UPWK. KBC Group NV grew its holdings in shares of Upwork by 45.4% during the third quarter. KBC Group NV now owns 4,791 shares of the company’s stock worth $50,000 after buying an additional 1,497 shares in the last quarter. Quarry LP grew its position in shares of Upwork by 42.6% in the 3rd quarter. Quarry LP now owns 6,201 shares of the company’s stock valued at $65,000 after acquiring an additional 1,851 shares during the period. Nkcfo LLC bought a new position in shares of Upwork during the 4th quarter worth approximately $82,000. SBI Securities Co. Ltd. acquired a new position in shares of Upwork in the fourth quarter valued at $84,000. Finally, Financial Management Professionals Inc. bought a new position in Upwork in the 4th quarter valued at about $97,000. Institutional investors and hedge funds own 77.71% of the company’s stock.

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.