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. Earlier, Yahoo Finance discussed this stock as it revealed Upwork to Present at the JMP Technology Conference.
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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 $1.80B. A total of 2.0 million shares were traded on the day, compared to an average of 2.04M 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 36 BUYs and 18 SELLs from insiders. Insiders purchased 433,099 shares during that period but sold 161,389.
In the most recent transaction, Marie Olivier sold 1,491 shares of UPWK for 13.03 per share on Feb 22. After the transaction, the Chief Accounting Officer now owns 5,528 company shares. In a previous transaction on Feb 20, Brown Hayden sold 43,714 shares at 12.86 per share. UPWK shares that President & CEO owns now total 1,165,980.
Among the insiders who sold shares, Marie Olivier disposed of 1,136 shares on Feb 20 at a per-share price of $12.86. This resulted in the Chief Accounting Officer holding 7,019 shares of UPWK after the transaction. In another insider transaction, Marie Olivier sold 259 shares at $14.25 per share on Jan 19. Company shares held by the Chief Accounting Officer now total 5,528.
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 $18.90 with high estimates of $22.00 and low estimates of $16.00. In terms of 52-week highs and lows, UPWK has a high of $16.36 and a low of $6.56.
As of this writing, UPWK has an earnings estimate of $0.19 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.2 per share and a lower estimate of $0.17. The company reported an EPS of $0.21 in the last quarter, which was 110.00% higher than expectations of $0.1.
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 $2.78, 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 4.18.
