UpworkUPWK
Market Cap: $1.26B
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 Q2 SEC filings by fund managers ($100M+ AUM)
18% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 77
4.07% more ownership
Funds ownership: 73.56% [Q1] → 77.64% (+4.07%) [Q2]
6% more call options, than puts
Call options by funds: $20.3M | Put options by funds: $19.2M
2% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 45
0% more funds holding
Funds holding: 245 [Q1] → 246 (+1) [Q2]
11% less capital invested
Capital invested by funds: $1.24B [Q1] → $1.11B (-$133M) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Roth MKM Rohit Kulkarni 55% 1-year accuracy 17 / 31 met price target | 37%upside $13 | Buy Maintained | 16 Aug 2024 |
RBC Capital Brad Erickson 56% 1-year accuracy 30 / 54 met price target | 16%upside $11 | Sector Perform Maintained | 8 Aug 2024 |
Goldman Sachs Eric Sheridan 60% 1-year accuracy 33 / 55 met price target | 121%upside $21 | Buy Maintained | 8 Aug 2024 |
UBS Kunal Madhukar 43% 1-year accuracy 3 / 7 met price target | 16%upside $11 | Neutral Maintained | 8 Aug 2024 |
Canaccord Genuity Maria Ripps 50% 1-year accuracy 8 / 16 met price target | 58%upside $15 | Buy Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 3 articles about UPWK published over the past 30 days