FY2025 Earnings Estimate for Upwork Issued By Roth Capital

Upwork Inc. (NASDAQ:UPWK) – Analysts at Roth Capital upped their FY2025 earnings per share (EPS) estimates for shares of Upwork in a note issued to investors on Tuesday, May 6th. Roth Capital analyst R. Kulkarni now anticipates that the company will earn $1.11 per share for the year, up from their previous estimate of $1.04. The consensus estimate for Upwork’s current full-year earnings is $0.84 per share. Roth Capital also issued estimates for Upwork’s Q4 2025 earnings at $0.31 EPS and FY2026 earnings at $1.30 EPS.

Several other analysts have also recently issued reports on UPWK. Jefferies Financial Group dropped their target price on Upwork from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $18.00 price objective on shares of Upwork in a report on Tuesday. JMP Securities reaffirmed a “market outperform” rating and set a $18.00 target price on shares of Upwork in a research note on Thursday, January 30th. UBS Group increased their price target on shares of Upwork from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Citigroup reduced their price target on shares of Upwork from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Upwork presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Upwork Trading Up 2.6 %

Shares of Upwork stock opened at $16.88 on Friday. Upwork has a 1-year low of $8.43 and a 1-year high of $18.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.39 and a quick ratio of 3.39. The stock has a market cap of $2.22 billion, a P/E ratio of 11.03 and a beta of 1.52. The stock’s 50 day simple moving average is $13.40 and its 200-day simple moving average is $15.05.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.09. Upwork had a net margin of 28.02% and a return on equity of 50.83%. The firm had revenue of $192.71 million for the quarter, compared to the consensus estimate of $188.49 million. During the same period last year, the firm posted $0.22 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis.

Insider Transactions at Upwork

In other Upwork news, insider Dave Bottoms sold 5,411 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.07, for a total transaction of $70,721.77. Following the sale, the insider now directly owns 9,593 shares in the company, valued at $125,380.51. This represents a 36.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth A. Nelson sold 75,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $17.58, for a total transaction of $1,318,500.00. Following the completion of the transaction, the director now owns 16,299 shares of the company’s stock, valued at approximately $286,536.42. This trade represents a 82.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 233,108 shares of company stock valued at $3,683,448. 7.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Upwork

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its holdings in Upwork by 3,492.8% in the first quarter. IFP Advisors Inc now owns 3,988 shares of the company’s stock valued at $52,000 after acquiring an additional 3,877 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Upwork by 1,235.1% in the 1st quarter. GAMMA Investing LLC now owns 4,072 shares of the company’s stock valued at $53,000 after purchasing an additional 3,767 shares in the last quarter. Nkcfo LLC purchased a new stake in shares of Upwork during the 4th quarter worth $82,000. SBI Securities Co. Ltd. acquired a new position in shares of Upwork during the fourth quarter worth $84,000. Finally, Financial Management Professionals Inc. purchased a new position in Upwork in the fourth quarter valued at $97,000. Hedge funds and other institutional investors own 77.71% of the company’s stock.

About Upwork

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.