Upwork Inc (NASDAQ:UPWK) SVP Han-Shen Yuan sold 100,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $15.87, for a total transaction of $1,587,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
UPWK stock traded down $0.07 on Friday, hitting $15.78. 1,018,169 shares of the company’s stock traded hands, compared to its average volume of 685,652. Upwork Inc has a 1-year low of $15.55 and a 1-year high of $25.00. The firm has a market cap of $1.74 billion and a PE ratio of -41.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.74 and a quick ratio of 1.74.
Upwork (NASDAQ:UPWK) last released its earnings results on Wednesday, May 8th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $68.92 million for the quarter, compared to analyst estimates of $69.15 million. As a group, sell-side analysts expect that Upwork Inc will post -0.2 earnings per share for the current year.
Several research firms have recently issued reports on UPWK. Zacks Investment Research cut shares of Upwork from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. BTIG Research began coverage on shares of Upwork in a research note on Thursday, April 11th. They set a “buy” rating and a $24.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.50.
Hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. acquired a new stake in Upwork during the fourth quarter valued at approximately $130,000. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Upwork in the 4th quarter valued at approximately $181,000. Shellback Capital LP purchased a new stake in shares of Upwork in the 4th quarter valued at approximately $217,000. Bank of New York Mellon Corp purchased a new stake in shares of Upwork in the 4th quarter valued at approximately $612,000. Finally, Norges Bank purchased a new stake in shares of Upwork in the 4th quarter valued at approximately $906,000. 35.48% of the stock is owned by institutional investors and hedge funds.
Upwork Company Profile
Upwork Inc operates an online marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers). The company's platform provides access to talent with approximately 5,000 skills across approximately 70 categories, including content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and Web development.
Featured Article: Gap Up Stocks
Receive News & Ratings for Upwork Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upwork and related companies with MarketBeat.com's FREE daily email newsletter.