The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Provides a general description of the business conducted by this company. Although it’s only natural to question Upwork and its relatively aspirational business, both options sentiment and the broader fundamentals may point to upside for UPWK stock.
For example, a price above its moving average is generally considered an upward trend or a buy. According to 9 analysts, the average rating for UPWK stock is “Buy.” The 12-month stock price forecast is $13.75, which is an increase of 1.74% from the latest price. Which stocks are major institutional investors including hedge funds and endowments buying in today’s market?
Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.
Upwork Expands to Support Full-Time Hiring, Further Unlocking the World’s Work Marketplace for All
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Plus, UPWK info will be updated daily in your Zacks.com Portfolio Tracker – also free.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Upwork updated its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $0.09-$0.11 for the period, compared to the consensus EPS estimate of $0.09. The company issued revenue guidance of $165.00 million-$170.00 million, compared to the consensus revenue estimate of $165.75 million.
MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. UPWK’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
UPWK dropped more than 12% in the extended session Wednesday after the freelancing platform reported a narrower-than-expected first-quarter adjusted loss and revenue came in abov… The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
More on the journey of these three stocks, from depressing lows to amazing highs. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 32 employees have rated Upwork Chief Executive Officer Hayden Brown on Glassdoor.com.
The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.
On average, they expect the company’s stock price to reach $16.00 in the next year. This suggests a possible upside of 19.6% from the stock’s current price. View analysts price targets for UPWK or view top-rated stocks among Wall Street analysts. 7 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Upwork in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “moderate buy” UPWK shares.
One share of UPWK stock can currently be purchased for approximately $13.38. Upwork’s first quarter results show macro pressures coming to bear on the gig economy, while management laid out plans to reduce costs — and pointed to the long term potential in generative AI. The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
- The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
- Provides a general description of the business conducted by this company.
- Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
- Insiders that own company stock include Elizabeth A Nelson, Eric Gilpin, Gary Steele, Hayden Brown, Jeff Mccombs, Kevin Harvey, Leela Srinivasan, Olivier Marie, Susan Miranda Green and Thomas Layton.
- Plus, UPWK info will be updated daily in your Zacks.com Portfolio Tracker – also free.
It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Even as broader markets fall, a pair of companies specializing in gig work has done well.
Generative AI-enabled experiences for talent and businesses on Upwork accelerate the movement towards AI-empowered workforces Generative AI-enabled experiences for talent and businesses on Upwork acce… Upwork CEO Hayden Brown joins ‘The Exchange’ to discuss the state of the labor market, jobs report, and AI’s impact on freelance work. We’d like to share more about how we work and what drives our day-to-day business. Compare
UPWK’s historical performance
against its industry peers and the overall market. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
It seems the market is scared of slowing growth and increased expenses, despite Upwork reporting results that exceeded analysts’ expectations. Upwork’s stock is owned by many different retail and institutional investors. Insiders that own company stock include Elizabeth A Nelson, Eric Gilpin, Gary Steele, Hayden Brown, Jeff Mccombs, Kevin Harvey, Leela Srinivasan, Olivier Marie, Susan Miranda Green and Thomas Layton. (UPWK) raised $135 million in an initial public offering (IPO) on Wednesday, October 3rd 2018. The company issued 12,300,000 shares at a price of $10.00-$12.00 per share.
- A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
- Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.
- The Barchart Technical Opinion rating is a 64% Buy with a Weakening short term outlook on maintaining the current direction.
- Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting.
Hayden Brown has an approval rating of 85% among the company’s employees. Sign-up to receive the latest news and ratings for Upwork and its competitors with MarketBeat’s FREE daily newsletter. Tech veteran and former GM of LinkedIn Elevate joins Upwork to lead Enterprise business and delivery of best-in-class Enterprise Suite offering Tech veteran and former GM of LinkedIn Elevate joins Upw… Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with highly-skilled independent professionals. Its products offering include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, https://1investing.in/ and Upwork Payroll. The business generates revenue from Talent and Clients across the USA, India, the Philippines and the rest of the world. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting.
Upwork, Inc. operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in San Francisco, CA. 7 Wall Street analysts have issued 1 year price targets for Upwork’s shares.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. High-growth stocks tend to represent the technology, usance lc meaning healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.