Upwork Inc. (UPWK)
| Market Cap | 2.14B |
| Revenue (ttm) | 761.78M |
| Net Income (ttm) | 85.79M |
| Shares Out | 133.67M |
| EPS (ttm) | 0.62 |
| PE Ratio | 25.81 |
| Forward PE | 13.96 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,036,219 |
| Open | 16.01 |
| Previous Close | 16.02 |
| Day's Range | 15.85 - 16.22 |
| 52-Week Range | 8.43 - 18.14 |
| Beta | 1.59 |
| Analysts | Strong Buy |
| Price Target | 18.09 (+12.85%) |
| Earnings Date | Feb 12, 2025 |
About UPWK
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. Its work marketplace also enables clients to streamline workflows, such as tal... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for UPWK stock is "Strong Buy." The 12-month stock price forecast is $18.09, which is an increase of 12.85% from the latest price.
News
Upwork to Report Fourth Quarter and Full Year 2024 Financial Results on February 12, 2025
PALO ALTO, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today anno...
Upwork Unveils 2025's Most In-Demand Skills
PALO ALTO, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's work marketplace that connects businesses with independent talent, today released its annual In-Demand Ski...
Upwork stock price hits resistance as it faces key challenge
Upwork's stock price recovered in the fourth quarter after publishing encouraging financial results that showed that its business was still growing. The UPWK stock jumped to a high of $18, it highest ...
Upwork to Present at 27th Annual Needham Growth Conference
SAN FRANCISCO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announce...
Best Job Posting Site (2025): Upwork Named Top Job Posting Site for Employers by Consumer365
Boston, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Consumer365, a trusted authority on technology and business insights, has recognized Upwork as the top job posting site for employers in 2025. This distinctio...
Upwork: Disciplined Cost Reduction, Platform Improvements - Buy
I'm initiating Upwork with a buy, as I'm convinced by management's surgical approach to reducing costs while boosting profitability next year. The way I see it, Upwork has three things that'll work in...
Upwork to Present at UBS Global Technology and AI Conference
SAN FRANCISCO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announce...
Companies will hire more as a result of generative AI, says Upwork CEO Hayden Brown
Upwork CEO Hayden Brown joins CNBC's 'The Exchange' to discuss the market for freelance work, trends she is seeing in AI, and more.
These Analysts Raise Their Forecasts On Upwork Following Strong Earnings
Upwork Inc. UPWK reported better-than-expected third-quarter results after Wednesday's closing bell.
Upwork Inc. (UPWK) Q3 2024 Earnings Call Transcript
Upwork Inc. (UPWK) Q3 2024 Earnings Call Transcript
Upwork Reports Third Quarter 2024 Financial Results
Achieves 10% year-over-year revenue growth, record GAAP net income of $27.8 million and adjusted EBITDA of $43.2 million Third-quarter GAAP diluted EPS of $0.20 Raises FY 2024 guidance for revenue and...
Upwork Vs. Fiverr: AI Fears Likely Overblown, Fiverr Looks More Attractive
Upwork and Fiverr have seen steep declines due to concerns over slowing revenue growth, partly driven by AI replacing some freelancing services. While AI has reduced demand for simple tasks like logo ...
Upwork Announces Organizational Changes to Drive Continued Profitable Growth and Provides Preliminary Third Quarter 2024 Results Above Financial Guidance
Approximately $60 million in annual cost savings advances Upwork toward 5-year profitability target Company expects to exceed revenue and adjusted EBITDA guidance for third quarter 2024 results SAN FR...
Upwork: A Small Bet Activist Pressure Will Succeed
Today, we take a look at Upwork, Inc. after Engine Capital recently initiated a 3.5% stake in the firm amid criticism of management's strategic direction. Despite macroeconomic challenges and AI conce...
General Assembly and Upwork Partner to Connect Skilled Tech Talent to Growing Freelance Opportunities
NEW YORK--(BUSINESS WIRE)--General Assembly and Upwork will bring together General Assembly alumni and businesses looking for skilled tech talent.
Upwork to Report Third Quarter Financial Results on November 6, 2024
SAN FRANCISCO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announce...
Upwork: Good Value And How We Can Further Add Extra Income
Upwork, the leading freelancing platform with a 31-32% market share, benefits from two-sided network effects, attracting both freelancers and employers. Despite a challenging environment, Upwork maint...
Upwork Study Finds Companies That Integrate Distributed Work, Flexible Talent Strategies, and Advanced Technology Achieve Better Financial Outcomes
Data shows organizations refining operating models are driving innovation while seeing reduced expenses, positive cash flow, and stronger balance sheets
Upwork Confirms Receipt and Comments on Shareholder Letter
SAN FRANCISCO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent across the globe, today issued the f...
Activist investor Engine Capital pushes for board shakeup at Upwork amid declining stock performance
Activist investor Engine Capital has acquired a 3.5% stake in Upwork Inc. (NASDAQ: UPWK) and is advocating for significant changes in the freelance marketplace. Engine Capital's push comes in response...
Engine Capital Sends Letter to Upwork's Board of Directors Regarding Opportunities to Substantially Increase Shareholder Value
NEW YORK--(BUSINESS WIRE)--Engine Capital LP, which owns approximately 3.5% of the outstanding shares of Upwork Inc. (Nasdaq: UPWK) (“Upwork” or the “Company”), today announced it sent the below lette...
Activist investor Engine Capital pushes for new board at Upwork after taking 4% stake
Engine Capital has a roughly 4% stake in freelance marketplace Upwork and is pushing the company to shake up its board. In a letter to the board on Friday, Engine said Upwork needs to fix the "foundat...
Upwork: Navigating the Intersection of Fractional Work and AI Innovation with CFO Erica Gessert
Katie Perry sat down with Upwork CFO Erica Gessert to discuss trends shaping the freelance marketplace. With 38% of the U.S. workforce participating in freelance work, Upwork is positioned at the inte...
Upwork to Present at Goldman Sachs Communacopia + Technology Conference
SAN FRANCISCO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announce...