Currently, there are 137.27M common shares owned by the public and among those 118.73M shares have been available to trade.
The company’s stock has a 5-day price change of -18.46% and -24.41% over the past three months. UPWK shares are trading -39.41% year to date (YTD), with the 12-month market performance down to -36.50% lower. It has a 12-month low price of $8.43 and touched a high of $16.36 over the same period. UPWK has an average intraday trading volume of 2.05 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -19.32%, -17.16%, and -27.97% respectively.
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Institutional ownership of Upwork Inc (NASDAQ: UPWK) shares accounts for 75.25% of the company’s 137.27M shares outstanding.
It has a market capitalization of $1.19B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 16.75, while the earnings-per-share (ttm) stands at $0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.13% over the week and 5.33% over the month.
Earnings per share for the fiscal year are expected to increase by 80.61%, and 15.10% over the next financial year.
Looking at the support for the UPWK, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on July 02, 2024, with the firm’s price target at $18-$12. BTIG Research coverage for the Upwork Inc (UPWK) stock in a research note released on May 02, 2024 offered a Buy rating with a price target of $16. Jefferies was of a view on January 08, 2024 that the stock is Buy, while UBS gave the stock Neutral rating on October 04, 2023, issuing a price target of $13. BTIG Research on their part issued Neutral rating on August 28, 2023.
