Brokerages Set Upwork Inc. (NASDAQ:UPWK) PT at $13.05

Shares of Upwork Inc. (NASDAQ:UPWK) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $13.05.

A number of equities research analysts recently weighed in on UPWK shares. Roth Capital downgraded Upwork from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research report on Friday, May 8th. Wall Street Zen downgraded Upwork from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group lowered their price objective on Upwork from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Scotiabank reduced their target price on Upwork from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 11th. Finally, Weiss Ratings downgraded shares of Upwork from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th.

Insider Transactions at Upwork

In other news, CEO Hayden Brown sold 73,241 shares of Upwork stock in a transaction dated 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 in the company, valued at approximately $6,500,170.68. The trade was a 8.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 value of $192,574.92. Following the sale, the chief financial officer directly owned 364,789 shares in the company, valued at $3,075,171.27. The trade was 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 valued at $1,108,000 over the last ninety days. 4.90% of the stock is owned by insiders.

Institutional Trading of Upwork

A number of hedge funds and other institutional investors have recently made changes to their positions in UPWK. Farther Finance Advisors LLC lifted its position in shares of Upwork by 594.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,361 shares of the company’s stock worth $27,000 after purchasing an additional 1,165 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Upwork by 434.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,881 shares of the company’s stock valued at $37,000 after buying an additional 1,529 shares during the period. GAMMA Investing LLC raised its position 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 acquiring an additional 1,392 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Upwork during the fourth quarter valued at $42,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 3,485 shares during the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.

Upwork Price Performance

Shares of Upwork stock opened at $9.02 on Monday. Upwork has a fifty-two week low of $7.44 and a fifty-two week high of $22.84. The firm has a fifty day moving average price of $8.89 and a two-hundred day moving average price of $10.10. The company has a market cap of $1.13 billion, a PE ratio of 11.71 and a beta of 0.99.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $191.66 million for the quarter. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’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.

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.