Upwork Inc. (UPWK) Stock: Identifying Value and Future Vision

A share price of Upwork Inc. [UPWK] is currently trading at $14.28, up down -6.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The UPWK shares have lost -13.24% over the last week, with a monthly amount drifted -17.60%, and not seem to be holding up well over a long-time horizon.

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On 22, September 2022, Upwork Initiates Chief Financial Officer Transition Plan. In a post published today on Yahoo Finance, Current CFO Jeff McCombs to remain at Upwork through December 31, 2022; .

From an analyst’s perspective:

Upwork Inc. [NASDAQ: UPWK] stock has seen the most recent analyst activity on May 23, 2022, when RBC Capital Mkts initiated its Sector Perform rating and assigned the stock a price target of $21. Previously, Stifel downgraded its rating to Hold on May 17, 2022, and dropped its price target to $20. On February 11, 2022, Stifel reiterated its Buy rating and revised its price target to $34 on the stock. Needham reiterated its Buy rating and decreased its price target to $42 on February 11, 2022. JMP Securities reiterated its recommendation of a Mkt Outperform and reduced its price target to $48 on February 11, 2022. Goldman reiterated a Buy rating for this stock on February 11, 2022, and downed its price target to $44. In a note dated February 11, 2022, BTIG Research reiterated an Buy rating on this stock and revised its target price from $50 to $44.

Upwork Inc. experienced fluctuations in its stock price throughout the past year between $14.85 and $61.90. Currently, Wall Street analysts expect the stock to reach $29.40 within the next 12 months. Upwork Inc. [NASDAQ: UPWK] shares were valued at $14.28 at the most recent close of the market. An investor can expect a potential return of 105.88% based on the average price forecast.

Analyzing the UPWK fundamentals

During the last quarter, Upwork Inc. [NASDAQ:UPWK] saw sales of 156.9 billion, an improvement of 26.30%. Gross Margin for this corporation currently stands at +72.91% with Operating Margin at -10.63%, Pretax Margin comes in at -11.16%, and Net Margin reading is -11.19%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.85 points at the first support level, and at 13.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.93, and for the 2nd resistance point, it is at 15.58.

Upwork Inc. [UPWK] reported earnings per share of -$0.04 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.08/share, meaning a difference of $0.04 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.03 per share as compared to estimates of -$0.14 per share, a difference of $0.11 representing a surprise of 78.60%.

Ratios To Look Out For

A current ratio of 3.60 is a noteworthy aspect of Upwork Inc. [NASDAQ:UPWK]. On the other hand, the Quick Ratio is 3.98, and the Cash Ratio is 2.94. Considering the valuation of this stock, the price to sales ratio is 8.64, the price to book ratio is 17.00.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 13 insider purchases totaling 40,661 shares and 6 insider sales totaling 19,460 shares over the past 3 months. Recent insider trading involved Brown Hayden, President & CEO, that happened on Sep 19 when 32050.0 shares were sold. Chief Accounting Officer, Marie Olivier completed a deal on Sep 19 to sell 1011.0 shares. Meanwhile, Chief Accounting Officer Marie Olivier sold 521.0 shares on Aug 18.