Upwork (UPWK) Expected to Announce Earnings on Wednesday

Upwork (NASDAQ:UPWK) is expected to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect Upwork to post earnings of $0.24 per share and revenue of $180.38 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Upwork Trading Down 0.1 %

Shares of NASDAQ:UPWK opened at $15.75 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.18 and a quick ratio of 3.18. The firm has a market capitalization of $2.11 billion, a P/E ratio of 25.00 and a beta of 1.57. The business’s 50-day moving average is $16.46 and its 200 day moving average is $13.36. Upwork has a 1 year low of $8.43 and a 1 year high of $18.14.

Wall Street Analysts Forecast Growth

UPWK has been the subject of several research analyst reports. UBS Group increased their price objective on shares of Upwork from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Jefferies Financial Group raised their price target on shares of Upwork from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Canaccord Genuity Group boosted their price objective on shares of Upwork from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Roth Mkm raised their target price on Upwork from $13.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their price target on Upwork from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.09.

Insider Transactions at Upwork

In related news, VP Dave Bottoms sold 5,360 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $17.11, for a total value of $91,709.60. Following the completion of the transaction, the vice president now owns 9,642 shares of the company’s stock, valued at approximately $164,974.62. This represents a 35.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Erica Gessert sold 19,816 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $15.13, for a total value of $299,816.08. Following the transaction, the chief financial officer now owns 128,939 shares in the company, valued at $1,950,847.07. This represents a 13.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 184,186 shares of company stock worth $3,056,877 over the last quarter. 7.60% of the stock is currently owned by insiders.

About Upwork

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.