Upwork (NASDAQ:UPWK) Issues 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.

Wall Street Analysts Forecast Growth

UPWK has been the subject of a number of research reports. Piper Sandler reiterated an “overweight” rating and set a $18.00 target price (up previously from $13.00) on shares of Upwork in a report on Thursday, November 7th. Citigroup boosted their price objective on shares of Upwork from $11.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, November 29th. Canaccord Genuity Group lifted their price target on Upwork from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price objective on shares of Upwork from $16.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Needham & Company LLC upped their target price on Upwork from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.91.

Upwork Trading Up 5.0 %

UPWK stock traded up $0.78 on Thursday, reaching $16.31. The company’s stock had a trading volume of 2,350,820 shares, compared to its average volume of 2,396,566. The firm has a market cap of $2.18 billion, a PE ratio of 25.88 and a beta of 1.57. The business has a fifty day simple moving average of $16.38 and a two-hundred day simple moving average of $13.41. 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 quick ratio of 3.18 and a current ratio of 3.18.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.03 earnings per share for the quarter, beating 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%. As a group, research analysts forecast that Upwork will post 0.65 EPS for the current year.

Insider Activity at Upwork

In other Upwork news, CFO Erica Gessert sold 4,279 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $17.11, for a total transaction of $73,213.69. Following the completion of the transaction, the chief financial officer now owns 133,093 shares in the company, valued at $2,277,221.23. The trade was a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Dave Bottoms sold 5,360 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $17.11, for a total transaction of $91,709.60. Following the transaction, the vice president now directly owns 9,642 shares in the company, valued at approximately $164,974.62. This trade represents a 35.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,186 shares of company stock valued at $3,056,877 over the last 90 days. Corporate insiders own 7.60% of the company’s stock.

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.