In the latest trading session,, 1.01 million Upwork Inc (NASDAQ:UPWK) shares changed hands as the company’s beta touched 1.54. With the company’s most recent per share price at $9.40 changed hands at -$0.28 or -2.94% at last look, the market valuation stands at $1.24B. UPWK’s current price is a discount, trading about -74.04% off its 52-week high of $16.36. The share price had its 52-week low at $8.43, which suggests the last value was 10.32% up since then. When we look at Upwork Inc’s average trading volume, we note the 10-day average is 4.45 million shares, with the 3-month average coming to 2.29 million.

Analysts gave the Upwork Inc (UPWK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.55. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended UPWK as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Upwork Inc’s EPS for the current quarter is expected to be 0.24.

Upwork Inc (NASDAQ:UPWK) trade information

Instantly UPWK was in red as seen in intraday trades today. With action 0.48%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -36.82%, with the 5-day performance at 0.48% in the green. However, in the 30-day time frame, Upwork Inc (NASDAQ:UPWK) is -18.59% down. Looking at the short shares, we see there were 14.34 million shares sold at short interest cover period of 8.06 days.

The consensus price target for the stock as assigned by Wall Street analysts is 25, meaning bulls need an upside of 62.4% from its recent market value. According to analyst projections, UPWK’s forecast low is 11 with 74 as the target high. To hit the forecast high, the stock’s price needs a -687.23% plunge from its current level, while the stock would need to soar -17.02% for it to hit the projected low.

Upwork Inc (UPWK) estimates and forecasts

Data shows that the Upwork Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -25.91% over the past 6 months, a 76.92% in annual growth rate that is considerably higher than the industry average of 19.70%. Year-over-year growth is forecast to reach 7.40% up from the last financial year.

Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 182.11M. 9 analysts are of the opinion that Upwork Inc’s revenue for the current quarter will be 174.17M. The company’s revenue for the corresponding quarters a year ago was 175.73M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.60%.

The 2024 estimates are for Upwork Inc earnings to increase by 80.61%.

UPWK Dividends

Upwork Inc is expected to release its next quarterly earnings report on 2024-Nov-05.

Upwork Inc (NASDAQ:UPWK)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 7.20% of Upwork Inc shares while 80.11% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.33%. There are 80.11% institutions holding the Upwork Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-03-31, the company held 11.7086% of the shares, roughly 16.0 million UPWK shares worth $196.11 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.9001% or 9.43 million shares worth $115.57 million as of 2024-03-31.

Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . With 3.8 shares estimated at $35.99 million under it, the former controlled 2.88% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.39% of the shares, roughly 3.16 shares worth around $29.91 million.