Upwork Inc. (NASDAQ:UPWK) has a beta value of 0 and has seen 1,350,988 shares traded in the recent trading session. The company, currently valued at $1.71 Billion, closed the recent trade at $14.12 per share which meant it lost -$0.74 on the day or -4.98% during that session. The UPWK stock price is -24.58% off its 52-week high price of $17.59 and 63.6% above the 52-week low of $5.14. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.84 Million shares traded. The 3-month trading volume is 3.36 Million shares.
The consensus among analysts is that Upwork Inc. (UPWK) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 6 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.07.
Upwork Inc. (NASDAQ:UPWK) trade information
Despite being -4.98% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Aug 04 when the UPWK stock price touched $17.59- or saw a rise of 18.14%. Year-to-date, Upwork Inc. shares have moved 34.96%, while the 5-day performance has seen it change -14.39%. Over the past 30 days, the shares of Upwork Inc. (NASDAQ:UPWK) have changed -10.45%. Short interest in the company has seen 5.13 Million shares shorted with days to cover at 1.53.
Wall Street analysts have a consensus price target for the stock at $18.17, which means that the shares’ value could jump 28.68% from current levels. The projected low price target is $17 while the price target rests at a high of $20. In that case, then, we find that the current price level is +41.64% off the targeted high while a plunge would see the stock lose 20.4% from current levels.
Upwork Inc. (UPWK) estimates and forecasts
Figures show that Upwork Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +63.84% over the past 6 months, with this year growth rate of 140%, compared to 0.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -133.3% and -40% for the next quarter. Revenue growth from the last financial year stood is estimated to be +17.6%.
5 analysts offering their estimates for the company have set an average revenue estimate of $90.24 Million for the current quarter. 5 have an estimated revenue figure of $92.56 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $78.79 Million and $80.29 Million respectively for this quarter and the next, and analysts expect sales will grow by 14.5% for the current quarter and 15.3% for the next.
Earnings growth for 2020 is a modest +18.9% while over the next 5 years, the company’s earnings are expected to increase by -0.04%.
Upwork Inc. (NASDAQ:UPWK)’s Major holders
Insiders own 9.09% of the company shares, while shares held by institutions stand at 74.29% with a share float percentage of 81.72%. Investors are also buoyed by the number of investors in a company, with Upwork Inc. having a total of 200 institutions that hold shares in the company. The top two institutional holders are Goldfarb Andrew P with over 7.05 Million shares worth more than $45.5 Million. As of March 30, 2020, Goldfarb Andrew P held 5.87% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 6.94 Million shares as of March 30, 2020. The firm’s total holdings are worth over $44.75 Million and represent 5.77% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 5.28% shares in the company for having 6345736 shares of worth $40.93 Million while later fund manager owns 2.3 Million shares of worth $14.82 Million as of March 30, 2020, which makes it owner of about 1.91% of company’s outstanding stock.