16,424 Shares in Upwork Inc (UPWK) Purchased by Rhumbline Advisers
Rhumbline Advisers acquired a new position in Upwork Inc (NASDAQ:UPWK) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,424 shares of the company’s stock, valued at approximately $297,000.
Separately, Strs Ohio bought a new position in shares of Upwork during the 4th quarter worth $61,000. Institutional investors and hedge funds own 35.67% of the company’s stock.
Separately, Zacks Investment Research cut Upwork from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Upwork presently has an average rating of “Hold” and a consensus target price of $22.20.
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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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