Upwork Inc (NASDAQ:UPWK) insider Hayden Brown sold 3,750 shares of Upwork stock in a transaction on Friday, May 10th. The shares were sold at an average price of $16.58, for a total transaction of $62,175.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ:UPWK traded down $0.01 during mid-day trading on Friday, hitting $15.84. The company had a trading volume of 205,347 shares, compared to its average volume of 1,134,305. The firm has a market capitalization of $1.74 billion and a P/E ratio of -41.68. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.07. Upwork Inc has a one year low of $15.55 and a one year high of $25.00.
Upwork (NASDAQ:UPWK) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $68.92 million during the quarter, compared to the consensus estimate of $69.15 million. On average, analysts anticipate that Upwork Inc will post -0.2 EPS for the current fiscal year.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Upwork from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. BTIG Research assumed coverage on shares of Upwork in a research note on Thursday, April 11th. They issued a “buy” rating and a $24.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.50.
Several large investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new stake in Upwork during the 4th quarter valued at $34,000. Marshall Wace North America L.P. bought a new stake in Upwork during the 1st quarter valued at $38,000. Citigroup Inc. bought a new stake in Upwork during the 4th quarter valued at $60,000. Strs Ohio bought a new stake in Upwork during the 4th quarter valued at $61,000. Finally, Barclays PLC bought a new stake in Upwork during the 4th quarter valued at $93,000. Institutional investors own 35.48% of the company’s stock.
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Upwork Company Profile
Upwork Inc operates an online marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers). The company's platform provides access to talent with approximately 5,000 skills across approximately 70 categories, including content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and Web development.
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