Upwork Inc. (UPWK)

NASDAQ: UPWK · Real-Time Price · USD
16.56
+0.12 (0.73%)
At close: Dec 23, 2024, 4:00 PM
16.50
-0.06 (-0.36%)
After-hours: Dec 23, 2024, 6:48 PM EST
0.73%
Market Cap 2.21B
Revenue (ttm) 761.78M
Net Income (ttm) 85.79M
Shares Out 133.67M
EPS (ttm) 0.62
PE Ratio 26.66
Forward PE 14.42
Dividend n/a
Ex-Dividend Date n/a
Volume 1,084,051
Open 16.53
Previous Close 16.44
Day's Range 16.25 - 16.69
52-Week Range 8.43 - 18.14
Beta 1.59
Analysts Strong Buy
Price Target 18.36 (+10.87%)
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]

IPO Date Oct 3, 2018
Employees 800
Stock Exchange NASDAQ
Ticker Symbol UPWK
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for UPWK stock is "Strong Buy." The 12-month stock price forecast is $18.36, which is an increase of 10.87% from the latest price.

Price Target
$18.36
(10.87% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

4 weeks ago - Seeking Alpha

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...

4 weeks ago - GlobeNewsWire

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.

6 weeks ago - CNBC Television

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.

6 weeks ago - Benzinga

Upwork Inc. (UPWK) Q3 2024 Earnings Call Transcript

Upwork Inc. (UPWK) Q3 2024 Earnings Call Transcript

6 weeks ago - Seeking Alpha

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...

6 weeks ago - GlobeNewsWire

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 ...

Other symbols: FVRR
2 months ago - Seeking Alpha

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...

2 months ago - GlobeNewsWire

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...

2 months ago - Seeking Alpha

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.

2 months ago - Business Wire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - Seeking Alpha

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

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - Invezz

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...

3 months ago - Business Wire

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...

3 months ago - CNBC

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...

3 months ago - After Earnings

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...

4 months ago - GlobeNewsWire

Upwork: The Selloff Is Overdone

Shares of Upwork have dropped sharply since reporting Q2 results and lowering its revenue guidance for FY24, citing softer macro trends that are impacting small businesses. Despite the top-line guidan...

4 months ago - Seeking Alpha

Upwork Inc. (UPWK) Q2 2024 Earnings Call Transcript

Upwork Inc. (NASDAQ:UPWK) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Jacob McQuown - Vice President and Chief Deputy General Counsel Hayden Brown - President and ...

4 months ago - Seeking Alpha

Upwork Reports Second Quarter 2024 Financial Results

Second-quarter GAAP Net Income of $22.2 million, Upwork's highest ever Second-quarter GAAP Diluted EPS of $0.17 Second-quarter Adjusted EBITDA of $40.8 million

4 months ago - GlobeNewsWire

Beeline and Upwork Announce Strategic Partnership to Deliver Enhanced Hiring Efficiency and Centralized Workforce Management

JACKSONVILLE, Fla. and SAN FRANCISCO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Beeline , the leading technology solution provider for managing the extended workforce, and  Upwork Inc. (Nasdaq: UPWK), the wor...

5 months ago - GlobeNewsWire

Upwork: Stock Can Potentially Soar, As AI Fears Dissipate

As the shift to remote work accelerates, Upwork, the leading platform connecting businesses with remote freelancers, is well-positioned to capitalize. The company is quietly building a moat by locking...

5 months ago - Seeking Alpha

Upwork to Report Second Quarter Financial Results on August 7, 2024

SAN FRANCISCO, July 16, 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...

5 months ago - GlobeNewsWire