Upwork (NASDAQ:UPWK) Updates FY 2025 Earnings Guidance

Upwork (NASDAQ:UPWK) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.050-1.100 for the period, compared to the consensus earnings per share estimate of 1.190. The company issued revenue guidance of $740.0 million-$760.0 million, compared to the consensus revenue estimate of $759.7 million. Upwork also updated its Q1 2025 guidance to 0.240-0.260 EPS.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup increased their price target on shares of Upwork from $11.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. Jefferies Financial Group increased 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. Roth Mkm lowered their price target on shares of Upwork from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday. Piper Sandler restated an “overweight” rating and issued a $18.00 price objective (up from $13.00) on shares of Upwork in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Upwork from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.91.

Upwork Price Performance

NASDAQ UPWK traded down $0.29 on Friday, reaching $16.28. 656,644 shares of the company’s stock traded hands, compared to its average volume of 2,452,987. Upwork has a 12 month low of $8.43 and a 12 month high of $18.14. 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 stock has a 50-day simple moving average of $16.38 and a 200 day simple moving average of $13.43. The stock has a market cap of $2.18 billion, a PE ratio of 25.87 and a beta of 1.57.

Upwork (NASDAQ:UPWK) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.79. Upwork had a return on equity of 22.84% and a net margin of 11.26%. As a group, research analysts predict that Upwork will post 0.65 earnings per share for the current year.

Insider Activity

In related news, CEO Hayden Brown sold 30,672 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $15.13, for a total value of $464,067.36. Following the completion of the sale, the chief executive officer now owns 1,196,221 shares of the company’s stock, valued at $18,098,823.73. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Elizabeth A. Nelson sold 75,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $17.37, for a total value of $1,302,750.00. Following the transaction, the director now directly owns 48,915 shares of the company’s stock, valued at $849,653.55. This represents a 60.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,203 shares of company stock valued at $3,042,191. 7.60% of the stock is currently owned by company 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.