Upwork Inc (UPWK) to Post Q3 2018 Earnings of ($0.03) Per Share, Jefferies Financial Group Forecasts

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Upwork Inc (NASDAQ:UPWK) – Equities researchers at Jefferies Financial Group issued their Q3 2018 earnings estimates for Upwork in a research note issued to investors on Monday, October 29th. Jefferies Financial Group analyst B. Thill anticipates that the company will earn ($0.03) per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $20.00 target price on the stock. Jefferies Financial Group also issued estimates for Upwork’s Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.09) EPS, FY2019 earnings at ($0.09) EPS and FY2020 earnings at ($0.01) EPS.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus began coverage on shares of Upwork in a research report on Monday. They set a “hold” rating and a $18.00 price target for the company. Citigroup began coverage on shares of Upwork in a research report on Monday. They set a “buy” rating and a $23.00 price target for the company. Royal Bank of Canada began coverage on shares of Upwork in a research report on Monday. They set an “outperform” rating and a $24.00 price target for the company. Finally, Guggenheim began coverage on shares of Upwork in a research report on Wednesday, October 24th. They set a “buy” rating and a $25.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Upwork presently has an average rating of “Buy” and an average price target of $22.00.

NASDAQ UPWK opened at $19.20 on Wednesday. Upwork has a 52 week low of $16.70 and a 52 week high of $23.49.

In other news, SVP Hayden Brown sold 54,246 shares of the company’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $13.95, for a total transaction of $756,731.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Upwork Company Profile

Upwork Inc operates an online platform that connects businesses and freelancers. Its platform comprise freelancers in content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and web development categories. The company was formerly known as Elance-oDesk, Inc and changed its name to Upwork Inc in May 2015.

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