Upwork (NASDAQ:UPWK) Issues Q1 2025 Earnings Guidance

Upwork (NASDAQ:UPWK) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.240-0.260 for the period, compared to the consensus EPS 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.

Upwork Stock Down 1.7 %

Shares of NASDAQ UPWK traded down $0.29 during mid-day trading on Friday, reaching $16.28. 656,644 shares of the company were exchanged, compared to its average volume of 2,452,987. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.87. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 25.87 and a beta of 1.57. Upwork has a 1 year low of $8.43 and a 1 year high of $18.14. The firm has a 50-day moving average of $16.38 and a 200 day moving average of $13.43.

Upwork (NASDAQ:UPWK) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.03 EPS 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%. On average, research analysts expect that Upwork will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

UPWK has been the subject of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $18.00 price target (up from $13.00) on shares of Upwork in a research note on Thursday, November 7th. Roth Mkm cut their price objective on Upwork from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group increased their price objective on Upwork from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada raised their target price on Upwork from $16.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Jefferies Financial Group raised their target price on Upwork from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.91.

Insiders Place Their Bets

In related news, CEO Hayden Brown sold 30,672 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $15.13, for a total value of $464,067.36. Following the completion of the transaction, the chief executive officer now directly owns 1,196,221 shares of the company’s stock, valued at approximately $18,098,823.73. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth A. Nelson sold 75,000 shares of the stock in a transaction on 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 completion of the transaction, the director now directly owns 48,915 shares of the company’s stock, valued at approximately $849,653.55. This represents a 60.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 183,203 shares of company stock worth $3,042,191. 7.60% of the stock is owned by corporate insiders.

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.