Upwork (NASDAQ:UPWK) Releases Q1 2025 Earnings Guidance

Upwork (NASDAQ:UPWK) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.240-0.260 for the period, compared to the consensus estimate of 0.290. The company issued revenue guidance of $186.0 million-$191.0 million, compared to the consensus revenue estimate of $183.6 million. Upwork also updated its FY 2025 guidance to 1.050-1.100 EPS.

Analysts Set New Price Targets

Several brokerages have commented on UPWK. Citigroup raised their target price on shares of Upwork from $11.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. The Goldman Sachs Group boosted their price objective on shares of Upwork from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group lifted their price target on shares of Upwork from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday. Jefferies Financial Group boosted their target price on Upwork from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $18.00 price objective on shares of Upwork in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.91.

Upwork Price Performance

UPWK traded up $0.78 on Thursday, reaching $16.31. 2,350,820 shares of the company’s stock were exchanged, compared to its average volume of 2,396,566. The stock has a market cap of $2.18 billion, a PE ratio of 25.88 and a beta of 1.57. 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 has a twelve month low of $8.43 and a twelve month high of $18.14. The stock’s fifty day moving average price is $16.38 and its 200-day moving average price is $13.41.

Upwork (NASDAQ:UPWK) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 expect that Upwork will post 0.65 EPS for the current year.

Insider Buying and Selling at Upwork

In related 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 value of $1,302,750.00. Following the transaction, the director now directly owns 48,915 shares in the company, valued at $849,653.55. This trade represents a 60.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hayden Brown sold 30,672 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $15.13, for a total transaction of $464,067.36. Following the completion of the transaction, the chief executive officer now directly owns 1,196,221 shares of the company’s stock, valued at approximately $18,098,823.73. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,186 shares of company stock valued at $3,056,877 in the last three months. 7.60% of the stock is owned by corporate 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.