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Friday, September 29, 2023

Upwork Inc. (NASDAQ: UPWK) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

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. After-hours trades for Upwork Inc. (UPWK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.13%, to $14.84. The Upwork Inc. has recorded 16,884 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Upwork to Participate in Upcoming Investor Conferences.

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Stocks Info

The company is listed on the NASDAQ and operates within the Staffing & Employment Services industry segment. The current market capitalization of Upwork Inc. is $1.98B. A total of 3.65 million shares were traded on the day, compared to an average of 2.21M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, UPWK has seen 21 BUY and 5 SELL insider trades, representing the acquisition of 266,719 and the disposition of 53,678 shares. Over the last 12 months, there were 70 BUYs and 27 SELLs from insiders. Insiders purchased 780,171 shares during that period but sold 318,057.

In the most recent transaction, Marie Olivier sold 5,835 shares of UPWK for 15.20 per share on Aug 31. After the transaction, the Chief Accounting Officer now owns 3,313 company shares. In a previous transaction on Aug 29, Marie Olivier sold 9,530 shares at 14.34 per share. UPWK shares that Chief Accounting Officer owns now total 9,148.

Among the insiders who sold shares, Brown Hayden disposed of 22,520 shares on Aug 18 at a per-share price of $13.86. This resulted in the President & CEO holding 1,032,937 shares of UPWK after the transaction. In another insider transaction, Marie Olivier sold 1,488 shares at $13.86 per share on Aug 18. Company shares held by the Chief Accounting Officer now total 18,678.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for UPWK in the last 3 months, the mean price target is $14.56 with high estimates of $18.00 and low estimates of $11.00. In terms of 52-week highs and lows, UPWK has a high of $18.58 and a low of $6.56.

As of this writing, UPWK has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.12 per share and a lower estimate of $0.09. The company reported an EPS of -$0.01 in the last quarter, which was 85.70% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. UPWK’s latest balance sheet shows that the firm has $684.77M in Cash & Short Term Investments as of fiscal 2021. There were $584.37M in debt and $233.63M in liabilities at the time. Its Book Value Per Share was $2.29, while its Total Shareholder’s Equity was $259.52M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.10.

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