Upwork (UPWK) Reaches New 12-Month Low at $15.84

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Upwork Inc (NASDAQ:UPWK) shares reached a new 52-week low during trading on Thursday . The company traded as low as $15.84 and last traded at $18.66, with a volume of 1855477 shares changing hands. The stock had previously closed at $20.29.

A number of research analysts have commented on the company. Guggenheim assumed coverage on Upwork in a research report on Wednesday, October 24th. They set a “buy” rating and a $25.00 price target for the company. Royal Bank of Canada assumed coverage on Upwork in a research report on Monday, October 29th. They set an “outperform” rating and a $24.00 price target for the company. Jefferies Financial Group assumed coverage on Upwork in a research report on Monday, October 29th. They set a “hold” rating and a $20.00 price target for the company. Stifel Nicolaus assumed coverage on Upwork in a research report on Monday, October 29th. They set a “hold” rating and a $18.00 price target for the company. Finally, Citigroup assumed coverage on Upwork in a research report on Monday, October 29th. They set a “buy” rating and a $23.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $22.20.

Upwork (NASDAQ:UPWK) last posted its earnings results on Wednesday, November 7th. The company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). The firm had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $62.24 million. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. Sell-side analysts anticipate that Upwork Inc will post -0.12 EPS for the current fiscal year.

In other Upwork news, SVP Hayden Brown sold 54,246 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $13.95, for a total transaction of $756,731.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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Upwork Company Profile (NASDAQ:UPWK)

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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