Stocks of Upwork Inc (UPWK) are poised to climb above their peers

With 2.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.09 shares. During the session, the Staffing & Employment Services company that operates in wider Industrials sector, reached to the highest price of $14.51 whereas the lowest price it dropped to was $14.08. The 52-week range on UPWK shows that it touched its highest point at $16.36 and its lowest point at $6.56 during that stretch. It currently has a 1-year price target of $17.40. Beta for the stock currently stands at 1.70.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UPWK was up-trending over the past week, with a rise of 2.19%, but this was down by -4.81% over a month. Three-month performance surged to 8.80% while six-month performance rose 1.90%. The stock gained 7.43% in the past year, while it has lost -2.76% so far this year. A look at the trailing 12-month EPS for UPWK yields -0.19 with Next year EPS estimates of 0.69. For the next quarter, that number is 0.17. This implies an EPS growth rate of 898.56% for this year and 44.21% for next year.

Float and Shares Shorts:

At present, 132.37 million UPWK shares are outstanding with a float of 120.17 million shares on hand for trading. On Jan 31, 2024, short shares totaled 7.92 million, which was 5.82% higher than short shares on Dec 29, 2023. In addition to Ms. Hayden Brown as the firm’s President, CEO & Director, Ms. Erica Gessert serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 80.32% of UPWK’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UPWK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With UPWK analysts setting a high price target of $20.00 and a low target of $14.00, the average target price over the next 12 months is $17.40. Based on these targets, UPWK could surge 38.31% to reach the target high and fall by -3.18% to reach the target low. Reaching the average price target will result in a growth of 20.33% from current levels.

Summary of Insider Activity:

Insiders traded UPWK stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 4,128 shares were sold. The number of buy transactions has increased to 48 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 512,898 while 194,791 shares were sold.