Upwork Inc. (UPWK)

NASDAQ: UPWK · IEX Real-Time Price · USD
21.08
+0.44 (2.13%)
At close: Aug 8, 2022 4:00 PM
21.90
+0.82 (3.89%)
After-hours: Aug 8, 2022 6:16 PM EDT
2.13%
Market Cap 2.75B
Revenue (ttm) 563.23M
Net Income (ttm) -80.43M
Shares Out 130.53M
EPS (ttm) -0.57
PE Ratio n/a
Forward PE 149.25
Dividend n/a
Ex-Dividend Date n/a
Volume 850,077
Open 20.64
Previous Close 20.64
Day's Range 20.60 - 21.91
52-Week Range 14.85 - 61.90
Beta 1.48
Analysts Buy
Price Target 29.95 (+42.1%)
Earnings Date Jul 27, 2022

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 sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcin... [Read more...]

Industry Professional Services
IPO Date Oct 3, 2018
Employees 650
Stock Exchange NASDAQ
Ticker Symbol UPWK
Full Company Profile

Financial Performance

In 2021, Upwork's revenue was $502.80 million, an increase of 34.57% compared to the previous year's $373.63 million. Losses were -$56.24 million, 145.9% more than in 2020.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for UPWK stock is "Buy." The 12-month stock price forecast is 29.95, which is an increase of 42.08% from the latest price.

Price Target
$29.95
(42.08% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Here's Why Upwork Stock Fell Today

It seems the market is scared of slowing growth and increased expenses, despite Upwork reporting results that exceeded analysts' expectations.

Upwork (UPWK) Reports Q2 Loss, Tops Revenue Estimates

Upwork (UPWK) delivered earnings and revenue surprises of 60% and 5.82%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Upwork Reports Second Quarter 2022 Financial Results

SAN FRANCISCO, July 27, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (...

Why Upwork Stock Plunged Today

One analyst believes the stock is a buy with 36% upside, but that's not what the market is focusing on.

Upwork to Present at the Canaccord Genuity 42nd Annual Growth Conference

SAN FRANCISCO, July 11, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (...

Upwork and Tent Announce “Opportunity Unlimited” to Connect Professionals Displaced from Ukraine to Remote Work Oppor...

SAN FRANCISCO--(BUSINESS WIRE)--Upwork, the world's work marketplace, and the Tent Partnership for Refugees (Tent), a global network of over 250 major businesses committed to supporting refugees, today ...

Upwork to Report Second Quarter 2022 Financial Results on July 27, 2022

SAN FRANCISCO, July 05, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (...

Down 34%, Is Upwork Stock a Buy?

This freelancer platform faces challenges, but it remains an interesting way to bet on the gig economy.

Should you buy Upwork stock after the latest upgrade by RBC?

Upwork Inc. (NASDAQ:UPWK) is one of the beaten-down stocks this year. The stock is down -47.39% year-to-date, more than a drop of 28% for the Nasdaq-100 composite.

Upwork Launches Academy and Bolsters Community Offerings to Support Independent Talent

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (Nasdaq: UPWK), the world's work marketplace, today launched Upwork Academy, a learning hub for professionals looking to build their business on Upwork, in additio...

Upwork to Participate in Upcoming Investor Conferences

SAN FRANCISCO, May 19, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“...

Remote work 'on the rise' for freelancers, full-time employees, Upwork CEO says

This segment originally aired on May 2, 2022. Upwork CEO Hayden Brown joins Yahoo Finance Live to discuss labor market trends and the outlook for remote work.

Why Upwork Stock Is Skyrocketing Today

Even with today's big gains, the gig-economy specialist's share price is still down roughly 35% year to date.

Upwork Focus: 'Raise Awareness,' Continue Momentum

Upwork, the work marketplace looking to connect businesses with independent talent, is announcing its financial results for the recent quarter, saying it is striving to increase connectivity even amid v...

Upwork (UPWK) Reports Q1 Loss, Tops Revenue Estimates

Upwork (UPWK) delivered earnings and revenue surprises of 76.92% and 5.71%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Upwork Stock Shines On Q1 Growth, Expects Strong Q2 Performance

Upwork Inc (NASDAQ: UPWK) reported first-quarter revenue growth of 24% year-over-year to $141.3 million, beating the consensus of $136.47 million. Marketplace revenue was $129.4 million (+24% Y/Y), and ...

Upwork Reports First Quarter 2022 Financial Results

SAN FRANCISCO, April 27, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume ...

Upwork to Participate in Credit Suisse 4th Annual eXtreme Ideas Conference

SAN FRANCISCO, April 14, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume ...

7 Hot Stocks to Buy in April for Amazing Gains

With a variety of factors creating a unique dynamic in the global markets, these hot stocks to buy in April could help lift your portfolio. The post 7 Hot Stocks to Buy in April for Amazing Gains appear...

Other symbols: CVXGOLDLMTLYFTRTXSRE

Upwork to Report First Quarter 2022 Financial Results on April 27, 2022

SAN FRANCISCO, April 04, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume ...

Upwork Named to TIME's List of 100 Most Influential Companies of 2022

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (NASDAQ: UPWK), the world's work marketplace, today announced that it has been named to the second annual TIME100 Most Influential Companies list that highlights b...

Why Upwork Stock Is Soaring by Double Digits This Week

Despite a recovery this week, the gig-economy stock is still down 35% year to date.

5 Companies That Stand To Lose Due To Operations In Russia, Ukraine

The invasion of Ukraine by Russia has led to many companies offering support to Ukraine while pulling operations from Russia. For many companies, the operations in the two countries represent a small po...

Other symbols: FVRRPAYOWE

Upwork stock sinks after company suspends Russia business, yanks outlook

Shares of Upwork Inc. tumbled 12.6% in Monday trading after the company, which runs a platform that connects freelancers with clients who need work performed, said it would be pulling out of Russia and ...

Why Upwork Went Down 10% Instead

Upwork is shutting down business in Russia and Belarus.