In yesterday’s Wall Street session, Upwork Inc (NASDAQ:UPWK) shares traded at $9.45, up 1.07% from the previous session.
UPWK stock price is now -12.64% away from the 50-day moving average and -24.36% away from the 200-day moving average. The market capitalization of the company currently stands at $1.25B.
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On May 02, 2024, BTIG Research Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $16, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Marie Olivier, Chief Accounting Officer sold 366 shares of the company’s stock on Aug 12 ’24. The stock was sold for $3,378 at an average price of $9.23. Upon completion of the transaction, the Chief Accounting Officer now directly owns 10,079 shares in the company, valued at $95246.55. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 18 ’24, Chief Accounting Officer Marie Olivier sold 225 shares of the business’s stock. A total of $2,565 was realized by selling the stock at an average price of $11.40. This leaves the insider owning 10,445 shares of the company worth $98705.25. A total of 10.06% of the company’s stock is owned by insiders.
During the past 12 months, Upwork Inc has had a low of $8.43 and a high of $16.36. As of last week, the company has a debt-to-equity ratio of 1.01, a current ratio of 3.00, and a quick ratio of 3.00. The fifty day moving average price for UPWK is $10.7946 and a two-hundred day moving average price translates $12.48995 for the stock.
The latest earnings results from Upwork Inc (NASDAQ: UPWK) was released for 2024-06-30. The net profit margin was 10.00% and return on equity was 22.27% for UPWK. The company reported revenue of $193.13 million for the quarter, compared to $168.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.54 percent.
