Upwork Inc (NASDAQ: UPWK) is -19.20% lower on its value in year-to-date trading and has touched a low of $8.43 and a high of $18.14 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 $13.66 in the last trading session, with the day’s loss setting it -0.45%.
Currently trading at $13.21, the stock is -3.29% and -12.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -3.29% at the moment leaves the stock 0.59% off its SMA200. UPWK registered 8.72% gain for a year compared to 6-month gain of 26.78%. The firm has a 50-day simple moving average (SMA 50) of $15.1158 and a 200-day simple moving average (SMA200) of $13.13275.
The stock witnessed a -15.35% loss in the last 1 month and extending the period to 3 months gives it a -21.09%, and is -2.65% 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 3.14% over the week and 4.44% over the month.
Upwork Inc (UPWK) has around 600 employees, a market worth around $1.79B and $769.33M in sales. Current P/E ratio is 8.62 and Fwd P/E is 9.96. Profit margin for the company is 28.02%. Distance from 52-week low is 56.80% and -27.18% from its 52-week high. The company has generated returns on investments over the last 12 months (22.86%).
with sales reaching $188.72M over the same period.The EPS is expected to grow by 5.74% this year, but quarterly earnings will post -2.13% year-over-year. Quarterly sales are estimated to shrink -1.16% in year-over-year returns.
Upwork Inc (UPWK) Top Institutional Holders
354.0 institutions hold shares in Upwork Inc (UPWK), with institutional investors hold 89.36% of the company’s shares. The shares outstanding are 135.35M, and float is at 122.55M with Short Float at 9.81%. Institutions hold 82.69% 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 7.5534 of the shares outstanding. The other top investors are ANCIENT ART, L.P. which holds 7.34 million shares representing 5.5842% and valued at over $78.9 million, while BAILLIE GIFFORD & CO holds 2.7519 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 Bottoms Dave, the company’s GM, Marketplace. SEC filings show that Bottoms Dave sold 9,593 shares of the company’s common stock on Mar 19 ’25 at a price of $13.46 per share for a total of $0.13 million. Following the sale, the insider now owns 0.0 shares.
Upwork Inc disclosed in a document filed with the SEC on Mar 18 ’25 that Bottoms Dave (GM, Marketplace) sold a total of 5,411 shares of the company’s common stock. The trade occurred on Mar 18 ’25 and was made at $13.07 per share for $70717.0. Following the transaction, the insider now directly holds 9593.0 shares of the UPWK stock.
Still, SEC filings show that on Mar 19 ’25, Marie Olivier (Chief Accounting Officer) disposed off 2,587 shares at an average price of $13.46 for $34829.0. The insider now directly holds 1,294 shares of Upwork Inc (UPWK).
