Upwork (NASDAQ:UPWK) Updates Q1 2025 Earnings Guidance

Upwork (NASDAQ:UPWK) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.240-0.260 for the period, compared to the consensus earnings per share estimate of 0.290. The company issued revenue guidance of $186.0 million-$191.0 million, compared to the consensus revenue estimate of $183.6 million. Upwork also updated its FY 2025 guidance to 1.050-1.100 EPS.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UPWK shares. Jefferies Financial Group lifted their target price on Upwork from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Piper Sandler restated an “overweight” rating and issued a $18.00 target price (up from $13.00) on shares of Upwork in a research note on Thursday, November 7th. JMP Securities reiterated a “market outperform” rating and issued a $18.00 target price on shares of Upwork in a research note on Thursday, January 30th. Canaccord Genuity Group increased their target price on shares of Upwork from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Roth Mkm boosted their target price on shares of Upwork from $13.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.09.

Upwork Price Performance

Shares of Upwork stock traded up $0.30 on Wednesday, hitting $15.53. 4,145,269 shares of the company traded hands, compared to its average volume of 2,403,242. Upwork has a 12-month low of $8.43 and a 12-month high of $18.14. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.87. The company has a market cap of $2.08 billion, a P/E ratio of 24.65 and a beta of 1.57. The firm’s 50-day simple moving average is $16.41 and its 200 day simple moving average is $13.39.

Upwork (NASDAQ:UPWK) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.79. Upwork had a return on equity of 22.84% and a net margin of 11.26%. Analysts expect that Upwork will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Dave Bottoms sold 5,360 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $17.11, for a total value of $91,709.60. Following the completion of the sale, the vice president now owns 9,642 shares of the company’s stock, valued at approximately $164,974.62. The trade was a 35.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Elizabeth A. Nelson sold 75,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $17.37, for a total value of $1,302,750.00. Following the sale, the director now owns 48,915 shares of the company’s stock, valued at $849,653.55. This represents a 60.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,186 shares of company stock worth $3,056,877 in the last quarter. 7.60% of the stock is owned by insiders.

Upwork Company Profile

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.