Upwork Inc. (NASDAQ:UPWK) Receives $13.05 Average PT from Analysts

Upwork Inc. (NASDAQ:UPWK) has been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.05.

Several brokerages have recently issued reports on UPWK. Wall Street Zen lowered Upwork from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Upwork from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Citigroup reduced their price objective on Upwork from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. UBS Group decreased their target price on Upwork from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Finally, Canaccord Genuity Group lowered their target price on Upwork from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Wednesday, August 12th.

Upwork Trading Up 1.1%

NASDAQ UPWK opened at $9.02 on Monday. The firm’s 50 day simple moving average is $8.89 and its 200 day simple moving average is $10.16. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 11.71 and a beta of 0.99. Upwork has a 1 year low of $7.44 and a 1 year high of $22.84.

Upwork (NASDAQ:UPWK) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Upwork had a net margin of 12.94% and a return on equity of 16.70%. The business had revenue of $191.66 million during the quarter. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Upwork has set its FY 2026 guidance at 1.380-1.430 EPS and its Q3 2026 guidance at 0.310-0.330 EPS.

Insider Activity at Upwork

In related news, CEO Hayden Brown sold 73,241 shares of Upwork stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $8.43, for a total transaction of $617,421.63. Following the sale, the chief executive officer directly owned 771,076 shares of the company’s stock, valued at approximately $6,500,170.68. The trade was a 8.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Erica Gessert sold 22,844 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total transaction of $192,574.92. Following the transaction, the chief financial officer owned 364,789 shares of the company’s stock, valued at approximately $3,075,171.27. This represents a 5.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 132,520 shares of company stock worth $1,108,000 over the last ninety days. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Upwork

Several hedge funds have recently modified their holdings of UPWK. Farther Finance Advisors LLC raised its position in Upwork by 594.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,361 shares of the company’s stock valued at $27,000 after purchasing an additional 1,165 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Upwork by 434.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,881 shares of the company’s stock valued at $37,000 after purchasing an additional 1,529 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Upwork by 43.7% during the second quarter. GAMMA Investing LLC now owns 4,575 shares of the company’s stock worth $38,000 after purchasing an additional 1,392 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Upwork during the fourth quarter worth about $42,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Upwork by 19,361.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,503 shares of the company’s stock valued at $47,000 after buying an additional 3,485 shares during the period. Institutional investors and hedge funds own 77.71% of the company’s stock.

About Upwork

Upwork Inc operates a leading online talent marketplace that connects businesses with independent professionals worldwide. Through its digital platform, the company enables clients across industries—including technology, marketing, creative services and customer support—to source, hire and manage freelance talent on demand. Key features of the Upwork platform include streamlined job posting, proposal evaluation, time-tracking tools, invoicing and secure payment processing, all designed to simplify collaboration between clients and remote workers.

The company traces its roots to the merger of two pioneering freelance marketplaces, Elance (founded in 1998) and oDesk (founded in 2003), which combined in 2015 to form a unified entity.