Equities analysts expect that Upwork Inc (NASDAQ:UPWK) will report earnings per share (EPS) of ($0.05) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Upwork’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.04). The company is scheduled to report its next quarterly earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Upwork will report full year earnings of ($0.14) per share for the current fiscal year, with EPS estimates ranging from ($0.22) to ($0.03). For the next year, analysts expect that the business will post earnings of ($0.09) per share, with EPS estimates ranging from ($0.16) to $0.02. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Upwork.

Upwork (NASDAQ:UPWK) last released its earnings results on Wednesday, May 8th. The company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $68.92 million for the quarter, compared to analyst estimates of $69.15 million.

UPWK has been the subject of a number of analyst reports. BTIG Research boosted their price target on Duke Realty from $73.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Cantor Fitzgerald initiated coverage on Upwork in a report on Tuesday, June 18th. They issued an “overweight” rating for the company. Zacks Investment Research downgraded Yatra Online from a “hold” rating to a “sell” rating in a report on Saturday, July 6th. Finally, Jefferies Financial Group raised Salvatore Ferragamo Italia from an “underperform” rating to a “hold” rating in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $22.83.

Shares of Upwork stock traded up $0.34 on Friday, reaching $16.46. 7,028 shares of the stock were exchanged, compared to its average volume of 1,453,934. 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 has a twelve month low of $14.08 and a twelve month high of $25.00. The company has a market capitalization of $1.71 billion and a price-to-earnings ratio of -43.42. The company has a 50 day simple moving average of $15.33.

In other Upwork news, CEO Stephane Kasriel sold 280,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $16.35, for a total value of $4,578,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Han-Shen Yuan sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $15.31, for a total value of $1,531,000.00. The disclosure for this sale can be found here. Insiders sold 607,451 shares of company stock valued at $9,687,211 over the last three months. 40.81% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Upwork in the first quarter valued at approximately $8,493,000. First Trust Advisors LP purchased a new stake in shares of Upwork in the first quarter valued at approximately $1,712,000. Marshall Wace North America L.P. purchased a new stake in shares of Upwork in the first quarter valued at approximately $38,000. Marshall Wace LLP purchased a new stake in shares of Upwork in the first quarter valued at approximately $417,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Upwork in the first quarter valued at approximately $485,000. Institutional investors and hedge funds own 35.43% of the company’s stock.

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.

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