Brokerages Set Upwork Inc. (NASDAQ:UPWK) Price Target at $13.05

Upwork Inc. (NASDAQ:UPWK) has received an average rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $13.05.

Several equities analysts have issued reports on the company. Needham & Company LLC dropped their target price on Upwork from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Canaccord Genuity Group reduced their price target on Upwork from $10.00 to $9.00 and set a “hold” rating for the company in a report on Wednesday, August 12th. Royal Bank Of Canada decreased their price target on Upwork from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 11th. Citigroup lowered their price target on shares of Upwork from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group set a $11.50 price target on shares of Upwork in a report on Tuesday, August 11th.

Upwork Stock Performance

Shares of UPWK opened at $8.64 on Monday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 11.22 and a beta of 0.99. The company’s fifty day moving average is $8.85 and its two-hundred day moving average is $10.24. Upwork has a 1 year low of $7.44 and a 1 year high of $22.84.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $191.66 million during the quarter. Upwork had a net margin of 12.94% and a return on equity of 16.70%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. Upwork has set its FY 2026 guidance at 1.380-1.430 EPS and its Q3 2026 guidance at 0.310-0.330 EPS.

Insider Activity

In other news, CEO Hayden Brown sold 73,241 shares of Upwork stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $8.43, for a total transaction of $617,421.63. Following the completion of the sale, the chief executive officer directly owned 771,076 shares in the company, valued at approximately $6,500,170.68. This trade represents a 8.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Erica Gessert sold 22,844 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total value of $192,574.92. Following the sale, the chief financial officer directly owned 364,789 shares in the company, valued at $3,075,171.27. This trade represents a 5.89% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 132,520 shares of company stock worth $1,108,000 over the last 90 days. 4.90% of the stock is currently owned by company insiders.

Institutional Trading of Upwork

A number of institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in shares of Upwork by 594.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,361 shares of the company’s stock valued at $27,000 after buying an additional 1,165 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Upwork by 434.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,881 shares of the company’s stock worth $37,000 after buying an additional 1,529 shares in the last quarter. GAMMA Investing LLC grew its stake in Upwork by 43.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,575 shares of the company’s stock valued at $38,000 after acquiring an additional 1,392 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Upwork during the 4th quarter valued at about $42,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Upwork by 19,361.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,503 shares of the company’s stock valued at $47,000 after acquiring an additional 3,485 shares in the last quarter. 77.71% of the stock is currently owned by hedge funds and other institutional investors.

About Upwork

Upwork Inc operates a leading online talent marketplace that connects businesses with independent professionals worldwide. Through its digital platform, the company enables clients across industries—including technology, marketing, creative services and customer support—to source, hire and manage freelance talent on demand. Key features of the Upwork platform include streamlined job posting, proposal evaluation, time-tracking tools, invoicing and secure payment processing, all designed to simplify collaboration between clients and remote workers.

The company traces its roots to the merger of two pioneering freelance marketplaces, Elance (founded in 1998) and oDesk (founded in 2003), which combined in 2015 to form a unified entity.