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.

Upwork Price Performance

Shares of NASDAQ UPWK traded up $0.30 during trading on Wednesday, hitting $15.53. The company had a trading volume of 4,145,269 shares, compared to its average volume of 2,403,242. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 24.65 and a beta of 1.57. The stock has a fifty day simple moving average of $16.41 and a two-hundred day simple moving average of $13.39. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.87. Upwork has a fifty-two week low of $8.43 and a fifty-two week high of $18.14.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.79. Upwork had a return on equity of 22.84% and a net margin of 11.26%. On average, research analysts expect that Upwork will post 0.65 earnings per share for the current year.

Analyst Ratings Changes

UPWK has been the subject of several recent research reports. BTIG Research increased their price objective on Upwork from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Citigroup increased their target price on shares of Upwork from $11.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, November 29th. Piper Sandler reissued an “overweight” rating and issued a $18.00 price target (up from $13.00) on shares of Upwork in a research note on Thursday, November 7th. JMP Securities reaffirmed a “market outperform” rating and set a $18.00 price objective on shares of Upwork in a research note on Thursday, January 30th. Finally, Roth Mkm raised their target price on shares of Upwork from $13.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.09.

Insider Activity at Upwork

In other news, CEO Hayden Brown sold 30,672 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $15.13, for a total transaction of $464,067.36. Following the completion of the sale, the chief executive officer now owns 1,196,221 shares in the company, valued at approximately $18,098,823.73. The trade was a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizabeth A. Nelson sold 75,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $17.37, for a total transaction of $1,302,750.00. Following the completion of the transaction, the director now directly owns 48,915 shares in the company, valued at $849,653.55. This trade represents a 60.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 184,186 shares of company stock valued at $3,056,877 over the last quarter. 7.60% of the stock is 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.