Upwork Inc. [NASDAQ: UPWK] gained 4.53% on the last trading session, reaching $57.45 price per share at the time. The company report on June 10, 2021 that Upwork and Economic Innovation Group to Co-Host Remote Work Event Series Exploring Post-COVID Trends.
Event to feature thought leaders from Distribute, Harvard Business School, Tulsa Remote, Pew Charitable Trusts, ZipRecruiter and more.
Upwork Inc. (Nasdaq: UPWK), the world’s work marketplace, and the Economic Innovation Group (EIG) announced that they will co-host a three-part virtual event series exploring the long-term economic, policy, and geographic impacts of remote work. The series, titled “Rise of Remote: Exploring Trends in Remote Work Post-COVID,” will kick off June 16, 2021.
Upwork Inc. represents 125.28 million in outstanding shares, while the company has a total market value of $7.38 billion with the latest information. UPWK stock price has been found in the range of $55.68 to $58.94.
If compared to the average trading volume of 1.48M shares, UPWK reached a trading volume of 2450857 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Upwork Inc. [UPWK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UPWK shares is $63.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UPWK stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Upwork Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 12, 2021. The new note on the price target was released on January 11, 2021, representing the official price target for Upwork Inc. stock. Previously, the target price had yet another raise from $28 to $44, while MKM Partners kept a Buy rating on UPWK stock. On November 05, 2020, analysts increased their price target for UPWK shares from 17 to 31.
The Average True Range (ATR) for Upwork Inc. is set at 2.45, with the Price to Sales ratio for UPWK stock in the period of the last 12 months amounting to 18.26. The Price to Book ratio for the last quarter was 23.55, with the Price to Cash per share for the same quarter was set at 1.32. Price to Free Cash Flow for UPWK in the course of the last twelve months was 354.70 with Quick ratio for the last quarter at 1.70.
Trading performance analysis for UPWK stock
Upwork Inc. [UPWK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.19. With this latest performance, UPWK shares gained by 30.84% in over the last four-week period, additionally plugging by 43.98% over the last 6 months – not to mention a rise of 344.66% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UPWK stock in for the last two-week period is set at 73.10, with the RSI for the last a single of trading hit 79.67, and the three-weeks RSI is set at 67.73 for Upwork Inc. [UPWK]. The present Moving Average for the last 50 days of trading for this stock 46.04, while it was recorded at 52.71 for the last single week of trading, and 38.14 for the last 200 days.
Upwork Inc. [UPWK]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Upwork Inc. [UPWK] shares currently have an operating margin of -5.80 and a Gross Margin at +71.37. Upwork Inc.’s Net Margin is presently recorded at -6.12.
Return on Total Capital for UPWK is now -6.81, given the latest momentum, and Return on Invested Capital for the company is -7.45. Return on Equity for this stock declined to -8.19, with Return on Assets sitting at -4.69. When it comes to the capital structure of this company, Upwork Inc. [UPWK] has a Total Debt to Total Equity ratio set at 11.68. Additionally, UPWK Total Debt to Total Capital is recorded at 10.46, with Total Debt to Total Assets ending up at 6.60. Long-Term Debt to Equity for the company is recorded at 7.90, with the Long-Term Debt to Total Capital now at 7.07.
Reflecting on the efficiency of the workforce at the company, Upwork Inc. [UPWK] managed to generate an average of -$42,346 per employee. Receivables Turnover for the company is 9.68 with a Total Asset Turnover recorded at a value of 0.77.Upwork Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
Upwork Inc. [UPWK]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Upwork Inc. posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UPWK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Upwork Inc. go to -0.04%.
An analysis of insider ownership at Upwork Inc. [UPWK]
There are presently around $5,009 million, or 68.10% of UPWK stock, in the hands of institutional investors. The top three institutional holders of UPWK stocks are: VANGUARD GROUP INC with ownership of 9,623,930, which is approximately 9.008% of the company’s market cap and around 1.40% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 7,331,845 shares of the stock with an approximate value of $421.21 million in UPWK stocks shares; and GOLDFARB ANDREW P, currently with $405.29 million in UPWK stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Upwork Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 153 institutional holders increased their position in Upwork Inc. [NASDAQ:UPWK] by around 13,203,938 shares. Additionally, 122 investors decreased positions by around 12,162,965 shares, while 19 investors held positions by with 61,813,608 shares. The mentioned changes placed institutional holdings at 87,180,511 shares, according to the latest SEC report filing. UPWK stock had 63 new institutional investments in for a total of 3,837,671 shares, while 25 institutional investors sold positions of 1,544,169 shares during the same period.