Upwork (UPWK) Scheduled to Post Earnings on Wednesday

Upwork (NASDAQ:UPWK) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Upwork to post earnings of $0.19 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Upwork (NASDAQ:UPWK) last announced its earnings results on Wednesday, February 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $183.93 million for the quarter, compared to analyst estimates of $178.43 million. Upwork had a net margin of 6.80% and a return on equity of 14.21%. On average, analysts expect Upwork to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Upwork Stock Performance

Upwork stock opened at $11.37 on Wednesday. The stock has a fifty day moving average price of $12.50 and a 200 day moving average price of $13.17. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.93. Upwork has a 52 week low of $6.56 and a 52 week high of $16.36. The firm has a market capitalization of $1.56 billion, a P/E ratio of 162.45 and a beta of 1.67.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group increased their price target on shares of Upwork from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. TheStreet upgraded Upwork from a “d+” rating to a “c-” rating in a report on Wednesday, December 27th. JMP Securities increased their target price on shares of Upwork from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 15th. The Goldman Sachs Group raised their target price on shares of Upwork from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada upped their target price on Upwork from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.55.

Insider Activity

In other Upwork news, CEO Hayden Brown sold 43,714 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.86, for a total value of $562,162.04. Following the sale, the chief executive officer now directly owns 1,165,980 shares of the company’s stock, valued at $14,994,502.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 67,531 shares of company stock valued at $851,894. 9.00% of the stock is currently owned by 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.