Upwork (NASDAQ:UPWK) Issues Q1 2025 Earnings Guidance

Upwork (NASDAQ:UPWK) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.240-0.260 for the period, compared to the consensus EPS estimate of 0.290. The company issued revenue guidance of $186.0 million-$191.0 million, compared to the consensus revenue estimate of $183.6 million. Upwork also updated its FY 2025 guidance to 1.050-1.100 EPS.

Upwork Trading Up 2.0 %

Shares of Upwork stock traded up $0.30 during trading on Wednesday, hitting $15.53. The company’s stock had a trading volume of 4,128,535 shares, compared to its average volume of 2,401,649. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.18 and a quick ratio of 3.18. Upwork has a 52 week low of $8.43 and a 52 week high of $18.14. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 24.65 and a beta of 1.57. The stock has a 50-day moving average price of $16.41 and a two-hundred day moving average price of $13.39.

Upwork (NASDAQ:UPWK) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.79. Upwork had a net margin of 11.26% and a return on equity of 22.84%. Equities research analysts anticipate that Upwork will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Upwork from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Roth Mkm increased their target price on shares of Upwork from $13.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. BTIG Research raised their price objective on shares of Upwork from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Citigroup raised their price objective on shares of Upwork from $11.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $18.00 price objective on shares of Upwork in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Upwork has an average rating of “Moderate Buy” and a consensus target price of $18.09.

Insider Buying and Selling

In other Upwork news, Director Elizabeth A. Nelson sold 75,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $17.37, for a total value of $1,302,750.00. Following the sale, the director now owns 48,915 shares of the company’s stock, valued at $849,653.55. This trade represents a 60.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Hayden Brown sold 30,672 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $15.13, for a total transaction of $464,067.36. Following the completion of the sale, the chief executive officer now directly owns 1,196,221 shares in the company, valued at approximately $18,098,823.73. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 184,186 shares of company stock worth $3,056,877 in the last 90 days. 7.60% of the stock is owned by company insiders.

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.