Upwork(UPWK)

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Upwork Announces Board Refreshment, Adding Strategic Expertise to Support Next Chapter of Growth
Globenewswire· 2025-06-06 13:00
Core Insights - Upwork Inc. has announced the addition of Dana Evan and Glenn Kelman to its Board of Directors, aiming to enhance its operational excellence and market leadership in the AI talent and work sector [1][5][6] Group 1: Board Changes - Dana L. Evan and Glenn Kelman have officially joined Upwork's Board following the Annual Meeting of Stockholders on June 5, 2025 [2] - Gregory C. Gretsch and Elizabeth "Betsey" Nelson have concluded their service on the Board, with Gretsch retiring after being a founding investor since 2014 and Nelson not standing for re-election after serving since 2015 [2] Group 2: New Board Members' Backgrounds - Glenn Kelman, CEO of Redfin, has extensive experience in leading technology-powered marketplace businesses and will serve on the Compensation Committee [3] - Dana Evan, former CFO of VeriSign, has a strong background in financial leadership and governance, and will chair the Audit, Risk and Compliance Committee while also serving on the Compensation and Nominating and Governance Committees [4] Group 3: Strategic Focus - The additions of Evan and Kelman reflect Upwork's commitment to advancing its long-term strategy and growth, particularly in the context of AI-powered work solutions [5][6] - Upwork's leadership expresses confidence that the new board members will provide valuable insights and support the company's evolution and growth [6]
What Makes Upwork (UPWK) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-05-19 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
2 Intriguing Internet Stocks to Buy Now: TRVG, UPWK
ZACKS· 2025-05-10 01:30
Core Viewpoint - The Zacks Internet-Services Industry is currently performing well, with Trivago (TRVG) and Upwork Software (UPWK) being highlighted as strong buy opportunities due to positive earnings estimate revisions and attractive stock prices [1][2]. Group 1: Trivago (TRVG) - Trivago is a hotel and accommodation search platform trading under $5 per share, making it an appealing penny stock [3]. - The company has made strategic moves, including acquiring a 30% stake in AI-driven hotel rate aggregator Holisto, which could position it as an attractive acquisition target for larger travel companies [4]. - Trivago's total sales are projected to increase by 18% in fiscal 2025 and by another 11% in fiscal 2026, reaching $655.77 million [4]. - The Zacks Consensus Estimate for Trivago's sales in fiscal 2025 is $590.98 million, with year-over-year growth estimates of 18.34% [5]. - Earnings per share (EPS) estimates for Trivago have increased, with expectations of $0.10 for this year and $0.20 for fiscal 2026 [6]. Group 2: Upwork (UPWK) - Upwork's stock has increased by 30% in the last month, currently trading around $16 per share, and has a forward earnings multiple of 14.4X, which is below industry and S&P 500 averages [7]. - The company has benefited from AI-powered solutions, significantly improving client engagement and leading to record quarterly revenue and net income [8]. - Upwork's EPS estimates for fiscal 2025 and fiscal 2026 have risen by 9% and 10% respectively, with projected earnings of $1.14 for fiscal 2025 and $1.33 for fiscal 2026 [9][10].
Upwork's Earnings Beat Fuels Stock Rally—Is Freelancing Booming?
MarketBeat· 2025-05-08 12:02
Upwork TodayUPWKUpwork$16.24 +0.53 (+3.34%) 52-Week Range$8.43▼$18.14P/E Ratio10.62Price Target$18.50Add to WatchlistUpwork Inc. NASDAQ: UPWK experienced a notable stock increase after its first-quarter 2025 financial results exceeded analyst forecasts. This positive market reaction, driven by robust earnings and an optimistic outlook, highlights the global work marketplace.Get Upwork alerts:While the company's strategies seem to be effective, its performance raises a larger question: Does Upwork's recent ...
These 3 Companies Reported Record Quarterly Results
ZACKS· 2025-05-07 16:10
Core Insights - The Q1 2025 earnings cycle is progressing rapidly, with many S&P 500 companies already reporting results, and more reports expected in the coming weeks [1][13] Eaton - Eaton reported record Q1 adjusted EPS of $2.72, reflecting a 13% year-over-year increase [2] - The company achieved record Q1 sales of $6.4 billion, up 7% year-over-year, and record segment margins of 23.9%, an 80 basis points increase year-over-year [2] - Organic sales growth reached 9%, exceeding previous guidance [2] - Backlog growth in the Electrical segment improved by 6% year-over-year, while the Aerospace backlog surged by 16% [3] Cboe Global Markets - Cboe Global Markets posted record adjusted EPS of $2.37, a 21% increase year-over-year, and record net revenue of $562.5 million, up 13% year-over-year [4] - The company reported record Options net revenue of $352.4 million, a 15% year-over-year increase, and Global FX net revenue of $21.3 million, climbing 16% year-over-year [5] - Cboe raised its 2025 organic revenue growth guidance, indicating a positive outlook [4] Upwork - Upwork achieved record Q1 revenue of $193 million, with net income of $37.7 million, also a quarterly record [10] - The company increased its FY25 adjusted EBITDA guidance and reiterated its sales outlook [10] - Upwork's CEO highlighted the positive impact of AI investments on customer productivity and engagement, contributing to market share expansion and ongoing profitability [10] - The stock experienced a significant rise, with shares up 30% over the last month, outperforming the S&P 500 [10]
Upwork: Profits Surge, Upside Remains
Seeking Alpha· 2025-05-07 16:03
In the process of finalizing my law PhD on corporate wrongdoing. Research assistant for 5+ years prior, focusing on regulatory governance, corporate compliance.Longstanding interest in the stock-market, focusing primarily on US small to mid caps, both long and short.Whatever peaks my interest is what I will write about: value/growth/secular trends/accounting shenanigans. I typically strive to add some color to the analysis that goes beyond what prior SA authors have written on a particular ticket, and if I ...
Upwork: With Near Zero Growth, It's Time To Sell The Post-Earnings Spike (Downgrade)
Seeking Alpha· 2025-05-07 11:31
The stock market is very jittery as we move throughout the Q1 earnings season, and naturally investors are on the lookout for companies to revise their outlooks downward as companies digest the impact of tariffsWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha si ...
Upwork(UPWK) - 2025 Q1 - Earnings Call Presentation
2025-05-06 02:21
Upwork Investor Presentation May 2025 1 Safe Harbor Statement This presentation of Upwork Inc. (the "Company," "we," "us," or "our") contains "forward-looking" statements within the meaning of the federal securities laws. Forward-looking statements include all statements other than statements of historical fact, including any statements regarding our future operating results and financial position, including expected financial results for the second quarter and full year 2025, information or predictions con ...
Upwork(UPWK) - 2025 Q1 - Earnings Call Transcript
2025-05-05 22:02
Upwork (UPWK) Q1 2025 Earnings Call May 05, 2025 05:00 PM ET Company Participants Samuel Meehan - VP - IRHayden Brown - President & Chief Executive OfficerErica Gessert - Chief Financial OfficerAndrew Boone - Managing DirectorJohn Byun - Senior VPNat Schindler - Managing Director - Equity ResearchMarvin Fong - Director Conference Call Participants Eric Sheridan - AnalystBernie Mcternan - Senior Research AnalystRon Josey - AnalystBrad Erickson - Equity AnalystRohit Kulkarni - MD & Senior Research Analyst Ope ...
Upwork(UPWK) - 2025 Q1 - Earnings Call Transcript
2025-05-05 21:00
Upwork (UPWK) Q1 2025 Earnings Call May 05, 2025 05:00 PM ET Speaker0 Good day, thank you for standing by. Welcome to Upwork's First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer Please be advised today's conference is being recorded. I would now like to hand the conference over to your speaker today, Samuel Meehan, Vice President of Investor Relations. Please go ahead. Spea ...