Upwork Inc (NASDAQ: UPWK) is -29.79% lower on its value in year-to-date trading and has touched a low of $8.43 and a high of $16.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UPWK stock was last observed hovering at around $10.41 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $10.44, the stock is -0.27% and 4.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 0.29% at the moment leaves the stock -11.20% off its SMA200. UPWK registered -8.90% loss for a year compared to 6-month loss of -10.23%. The firm has a 50-day simple moving average (SMA 50) of $10.012 and a 200-day simple moving average (SMA200) of $11.75635.
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The stock witnessed a 12.14% gain in the last 1 month and extending the period to 3 months gives it a -9.14%, and is -3.69% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.93% over the week and 3.43% over the month.
Upwork Inc (UPWK) has around 800 employees, a market worth around $1.38B and $743.73M in sales. Current P/E ratio is 19.41 and Fwd P/E is 9.79. Profit margin for the company is 10.00%. Distance from 52-week low is 23.92% and -36.19% from its 52-week high. The company has generated returns on investments over the last 12 months (10.29%).
with sales reaching $182.22M over the same period.The EPS is expected to grow by 79.48% this year, but quarterly earnings will post 7.50% year-over-year. Quarterly sales are estimated to grow 3.70% in year-over-year returns.
Upwork Inc (UPWK) Top Institutional Holders
352.0 institutions hold shares in Upwork Inc (UPWK), with institutional investors hold 85.91% of the company’s shares. The shares outstanding are 137.27M, and float is at 118.63M with Short Float at 10.37%. Institutions hold 79.69% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.33 million shares valued at $175.56 million. The investor’s holdings represent 11.9766% of the UPWK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.93 million shares valued at $106.72 million to account for 7.2808 of the shares outstanding. The other top investors are ANCIENT ART, L.P. which holds 7.34 million shares representing 5.3827% and valued at over $78.9 million, while BAILLIE GIFFORD & CO holds 2.6526 of the shares totaling 3.62 million with a market value of $38.88 million.
Upwork Inc (UPWK) Insider Activity
The most recent transaction is an insider sale by NELSON ELIZABETH A, the company’s Director. SEC filings show that NELSON ELIZABETH A sold 75,000 shares of the company’s common stock on Sep 18 ’24 at a price of $10.54 per share for a total of $0.79 million. Following the sale, the insider now owns 48915.0 shares.
Upwork Inc disclosed in a document filed with the SEC on Sep 18 ’24 that Bottoms Dave (GM VP II, Marketplace) sold a total of 5,626 shares of the company’s common stock. The trade occurred on Sep 18 ’24 and was made at $10.57 per share for $59474.0. Following the transaction, the insider now directly holds 15196.0 shares of the UPWK stock.
Still, SEC filings show that on Sep 19 ’24, Bottoms Dave (GM VP II, Marketplace) disposed off 4,688 shares at an average price of $10.74 for $50338.0. The insider now directly holds 10,508 shares of Upwork Inc (UPWK).
