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Monday, January 30, 2023

This Is Too Hot For Upwork Inc. (NASDAQ: UPWK), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Upwork Inc. (UPWK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.52, or 4.29%, to $12.65. The Upwork Inc. has recorded 22,948 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Upwork to Participate in Upcoming Investor Conferences.

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Stocks Info

As a NASDAQ listed company, UPWK falls under the Industrials sector while operating within the Staffing & Employment Services industry segment. At the end of the last regular session, the stock closed at $12.13 and fluctuated between $12.59 as its day high and $12.01 as its day low. The current market capitalization of Upwork Inc. is $1.55B. A total of 1.38 million shares were traded on the day, compared to an average of 1.59M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, UPWK has seen 6 BUY and 5 SELL insider trades, representing the acquisition of 201,241 and the disposition of 106,393 shares. Over the last 12 months, there were 57 BUYs and 24 SELLs from insiders. Insiders purchased 582,166 shares during that period but sold 260,385.

In the most recent transaction, Brown Hayden sold 8,467 shares of UPWK for 12.06 per share on Nov 21. After the transaction, the President & CEO now owns 876,279 company shares. In a previous transaction on Nov 21, Gilpin Eric sold 7,179 shares at 12.06 per share. UPWK shares that Chief Sales Officer owns now total 39,238.

Among the insiders who sold shares, Marie Olivier disposed of 1,117 shares on Nov 21 at a per-share price of $12.06. This resulted in the Chief Accounting Officer holding 8,227 shares of UPWK after the transaction. In another insider transaction, McCombs Jeff sold 16,372 shares at $12.06 per share on Nov 21. Company shares held by the Chief Financial Officer now total 97,264.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for UPWK in the last 3 months, the mean price target is $21.40 with high estimates of $34.00 and low estimates of $14.00. In terms of 52-week highs and lows, UPWK has a high of $38.87 and a low of $11.29.

As of this writing, UPWK has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.04 in the last quarter, which was 50.00% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UPWK is Hold with a score of 4.44. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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