Upwork Inc. (UPWK): Analysis On Industrials Stock


Upwork Inc. (NASDAQ:UPWK) changes shares on Thursday trading session, with a change of -7.75% or -$1.17 shares. The trading starts at $15.15 and closed at $15.09 throughout the day. The trading session low price was $13.76 and day high was $15.1855 on Thursday, August 06. After the session, the Industrials sector daily volume shifted to 5.15 million while its average volume is 3.27M. In other hand, the UPWK market cap reached to $1.59B. While, its current target price is $13.50.

On March 11, 2020, RPT-Bored at home – coronavirus helps headhunters locate candidates, delays deals. According to the news reported on Reuters, Online video interviews increasingly being used by major recruiters seem to be the perfect answer to the disruption caused by coronavirus, but there is a catch: many senior-level positions still require a face-to-face meeting before the final handshake.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -6.39% and down -8.00% for month. Its quarterly performance was 51.47% above, while its half year performance is up 49.04%. UPWK yearly performance stood at negative -14.29% and rise 30.46% for year-to-date. Current recommendation for Upwork Inc. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. UPWK EPS (TTM) for 12-month is -0.20. EPS for this year is 18.90%, while for the next year its value is -0.17. Its EPS Q/Q reached -81.50%. It has an EPS of next five years will be down -0.04%.

Let’s take a look on the analyst recommendations on UPWK for the current month and previous month. For the current month, 4 of 6 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $10.00 – $20.00. Average target price for UPWK was reached at $17.00.

Goldfarb Andrew P, Vanguard Group, Inc. (The) and Capital International Investors are the top three holders in Upwork Inc. (UPWK) stock. On Mar 30, 2020, Goldfarb Andrew P has 7.05 million shares which valued 45.5 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 6.94 million shares which valued at 44.75 million. On Mar 30, 2020, Capital International Investors has a total of 6.35 million shares which valued at 40.93 million. In the end, Capital International Investors have 5.51% shares outstanding of Upwork Inc. (UPWK) on Mar 30, 2020. The insider ownership moved to 1.30% and institutional holding shifted to 70.40%.

The company posted an EPS (TTM) of -0.20. According to the most recent quarter report on (Sep 2020), 4 analysts estimated an average EPS of -0.07, while -0.03 EPS posted a year ago period. Analyst Estimated EPS for UPWK published in the report was -$0.09 – -$0.06 during the same period. Comparing with last year, the average estimated EPS was -0.03 which is higher than -0.09 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for UPWK rise 28.19% for period of 200 days. SMA for 50 days was 1.66% which is showing green signal, while SMA-20 was -5.47%. The moving average value for Upwork Inc. (UPWK) is 3.91M and 4.46% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in UPWK stock. On Jul 20, Brown Hayden, President & CEO, sold 1,287 trading shares at the cost of $14.67, which valued at 18883.0. On Jun 18, Brown Hayden, President & CEO, sold 23,858 shares at the cost of $11.92, with total shares of 378,456. On May 19, Gilpin Eric, Senior VP, Sales, sold 3,279 shares at the cost of 12.60. After this transaction, Gilpin Eric total shares reached to 6,061 which valued at 41329.0.