UpworkUPWK
About: Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with skilled independent professionals. The company develops platform for hiring and freelancing purposes. Its products offering include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The business generates revenue from Talent and Clients across the USA, India, the Philippines and the rest of the world. Substantial income is derived from providing services to clients.
Employees: 800
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]
16% more call options, than puts
Call options by funds: $21.5M | Put options by funds: $18.6M
0.91% less ownership
Funds ownership: 78.74% [Q2] → 77.83% (-0.91%) [Q3]
4% less capital invested
Capital invested by funds: $1.12B [Q2] → $1.07B (-$48.1M) [Q3]
13% less funds holding
Funds holding: 246 [Q2] → 215 (-31) [Q3]
24% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 84
44% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 71
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
BTIG Marvin Fong 0 / 0 met price target | 4%upside $16 | Buy Maintained | 7 Nov 2024 |
Canaccord Genuity Maria Ripps 0 / 0 met price target | 17%upside $18 | Buy Maintained | 7 Nov 2024 |
JMP Securities Andrew Boone 0 / 0 met price target | 17%upside $18 | Market Outperform Maintained | 7 Nov 2024 |
Goldman Sachs Eric Sheridan 0 / 0 met price target | 56%upside $24 | Buy Maintained | 7 Nov 2024 |
Roth MKM Rohit Kulkarni 0 / 0 met price target | 30%upside $20 | Buy Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 18 articles about UPWK published over the past 30 days
