Harbor Funding Advisory LLC raised its holdings in stocks of Upwork Inc. (NASDAQ:UPWK – Get Ranking) by way of 154.4% all through the second one quarter, in keeping with the corporate in its most up-to-date disclosure with the Securities & Change Fee. The company owned 1,323 stocks of the corporate’s inventory after obtaining an extra 803 stocks all through the quarter. Harbor Funding Advisory LLC’s holdings in Upwork had been value $27,000 as of its most up-to-date SEC submitting.
A number of different massive traders have additionally made adjustments to their positions within the trade. FNY Funding Advisers LLC purchased a brand new stake in Upwork all through the 2d quarter valued at roughly $27,000. Point72 Hong Kong Ltd purchased a brand new stake in stocks of Upwork all through the fourth quarter valued at roughly $105,000. Acadian Asset Control LLC bought a brand new place in stocks of Upwork within the first quarter value $120,000. Van ECK Pals Corp purchased a brand new place in stocks of Upwork all through the primary quarter value $127,000. In the end, Daiwa Securities Staff Inc. boosted its place in stocks of Upwork by way of 112.8% all through the primary quarter. Daiwa Securities Staff Inc. now owns 5,535 stocks of the corporate’s inventory value $129,000 after obtaining an extra 2,934 stocks all through the final quarter. 75.60% of the inventory is these days owned by way of hedge finances and different institutional traders.
Upwork Worth Efficiency
Upwork inventory opened at $14.13 on Thursday. Upwork Inc. has a 12-month low of $13.29 and a 12-month top of $61.90. The corporate has a present ratio of three.59, a handy guide a rough ratio of three.59 and a debt-to-equity ratio of two.28. The company has a 50-day shifting moderate worth of $18.11 and a 200-day shifting moderate worth of $19.62. The company has a marketplace capitalization of $1.84 billion, a PE ratio of -22.79 and a beta of one.49.
Upwork (NASDAQ:UPWK – Get Ranking) final introduced its profits effects on Wednesday, July twenty seventh. The corporate reported ($0.18) profits in step with percentage (EPS) for the quarter, beating the consensus estimate of ($0.24) by way of $0.06. Upwork had a damaging go back on fairness of 31.54% and a damaging internet margin of 14.28%. The trade had income of $156.90 million all through the quarter, in comparison to analyst estimates of $147.78 million. All through the similar quarter within the earlier yr, the trade earned ($0.13) profits in step with percentage. The corporate’s income for the quarter was once up 26.3% in comparison to the similar quarter final yr. As a gaggle, equities analysis analysts forecast that Upwork Inc. will put up -0.8 EPS for the present yr.
Insiders Position Their Bets
In different information, CEO Hayden Brown offered 32,050 stocks of the corporate’s inventory in a transaction dated Monday, September nineteenth. The stocks had been offered at a median worth of $15.21, for a complete worth of $487,480.50. Following the transaction, the manager govt officer now immediately owns 868,251 stocks within the corporate, valued at $13,206,097.71. The transaction was once disclosed in a file filed with the SEC, which is to be had at the SEC website online. In comparable information, CEO Hayden Brown offered 32,050 stocks of the trade’s inventory in a transaction that passed off on Monday, September nineteenth. The inventory was once offered at a median worth of $15.21, for a complete worth of $487,480.50. Following the crowning glory of the sale, the manager govt officer now owns 868,251 stocks within the corporate, valued at $13,206,097.71. The sale was once disclosed in a file filed with the Securities & Change Fee, which may also be accessed thru the SEC website online. Additionally, insider Eric Gilpin offered 5,351 stocks of the company’s inventory in a transaction on Thursday, August 18th. The inventory was once offered at a median worth of $18.54, for a complete worth of $99,207.54. Following the transaction, the insider now owns 31,929 stocks within the corporate, valued at $591,963.66. The disclosure for this sale may also be discovered right here. Insiders have offered a complete of 52,521 stocks of corporate inventory value $866,904 during the last quarter. Corporate insiders personal 8.90% of the corporate’s inventory.
Analysts Set New Worth Goals
A number of analysts have commented at the inventory. Needham & Corporate LLC reduced their worth goal on stocks of Upwork from $33.00 to $27.00 and set a “purchase” score at the inventory in a analysis be aware on Thursday, July twenty eighth. The Goldman Sachs Staff minimize their worth goal on Upwork from $34.00 to $31.00 and set a “purchase” score for the corporate in a document on Thursday, June ninth. JMP Securities reduced their worth goal on Upwork from $45.00 to $33.00 and set a “marketplace outperform” score at the inventory in a document on Thursday, July twenty eighth. In the end, BTIG Analysis minimize their goal worth on stocks of Upwork from $30.00 to $24.00 in a document on Friday, September twenty third. Two equities analysis analysts have rated the inventory with a hang score and ten have assigned a purchase score to the corporate’s inventory. In step with information from MarketBeat.com, the inventory these days has a median score of “Reasonable Purchase” and a consensus worth goal of $35.50.
Upwork Inc, in conjunction with its subsidiaries, operates a piece market that connects companies with more than a few unbiased execs and companies in the USA, India, the Philippines, and across the world. The corporate’s paintings market supplies get entry to to ability with more than a few abilities throughout a spread of classes, together with gross sales and advertising and marketing, customer support, information science and analytics, design and artistic, internet, cellular, and device building.
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