Upwork (NASDAQ:UPWK) Releases FY 2025 Earnings Guidance

Upwork (NASDAQ:UPWK) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.050-1.100 for the period, compared to the consensus estimate of 1.190. The company issued revenue guidance of $740.0 million-$760.0 million, compared to the consensus revenue estimate of $759.7 million. Upwork also updated its Q1 2025 guidance to 0.240-0.260 EPS.

Upwork Stock Up 2.0 %

Shares of UPWK traded up $0.30 during midday trading on Wednesday, hitting $15.53. The company had a trading volume of 4,128,535 shares, compared to its average volume of 2,401,649. The company’s 50-day simple moving average is $16.41 and its 200-day simple moving average is $13.39. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.18 and a current ratio of 3.18. The firm has a market capitalization of $2.08 billion, a P/E ratio of 24.65 and a beta of 1.57. Upwork has a 1 year low of $8.43 and a 1 year high of $18.14.

Upwork (NASDAQ:UPWK) last posted its earnings results on Wednesday, February 12th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.79. Upwork had a return on equity of 22.84% and a net margin of 11.26%. As a group, sell-side analysts expect that Upwork will post 0.65 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on UPWK. Needham & Company LLC restated a “buy” rating and set a $17.00 target price on shares of Upwork in a research note on Friday, January 17th. Jefferies Financial Group boosted their target price on Upwork from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group boosted their price objective on Upwork from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Piper Sandler reiterated an “overweight” rating and issued a $18.00 price objective (up previously from $13.00) on shares of Upwork in a research note on Thursday, November 7th. Finally, Citigroup boosted their price objective on Upwork from $11.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Upwork currently has an average rating of “Moderate Buy” and a consensus price target of $18.09.

Insider Activity

In related news, CEO Hayden Brown sold 30,672 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $15.13, for a total transaction of $464,067.36. Following the transaction, the chief executive officer now owns 1,196,221 shares of the company’s stock, valued at $18,098,823.73. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth A. Nelson sold 75,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $17.37, for a total value of $1,302,750.00. Following the transaction, the director now directly owns 48,915 shares in the company, valued at $849,653.55. This represents a 60.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,186 shares of company stock valued at $3,056,877. Company insiders own 7.60% 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.