Achieves 10% year-over-year revenue growth, record GAAP net income of $27.8 million and adjusted EBITDA of $43.2 millionThird-quarter GAAP diluted EPS of $0.20Raises FY 2024 guidance for revenue and adjusted EBITDAEnters definitive agreement to acquire Objective to enhance core search and match offerings and strengthen AI talent benchAnnounces new $100 million share repurchase program authorization SAN FRANCISCO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketpl ...

Upwork Today | --- | --- | --- | --- | |---------------------|-------|-------|-------| | | | | | | | | | | | UPWK | | | | | Upwork | | | | | $13.55 | | | | | +0.98 (+7.80%) | | | | | 52-Week Range $8.43 | | | | | ▼ | | | | | $16.36 | | | | | P/E Ratio | | | | | 24.64 | | | | | Price Target $15.27 | | | | | | | | | Add to Watchlist The world's largest digital freelance platform, Upwork Inc. NASDAQ: UPWK, took proactive measures ahead of its upcoming third quarter of 2024 earnings release due out Nov. 6, 2024 ...

Upwork might soon be a slimmer, more effective, and profitable company.Gig job facilitator Upwork (UPWK -0.63%) probably doesn't want this week to end. Its shares have been racing higher, advancing by nearly 23% in price week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence. Investors were encouraged by the company's preliminary third-quarter numbers, plus news of a restructuring plan and an analyst's bullish new research note.Preliminary results and pink slip ...

The manic-depressive Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value; and, when they are going down, heAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving com ...

Upwork (UPWK) shares rallied 26.7% in the last trading session to close at $12.73. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.6% loss over the past four weeks.Upwork is benefiting from an enhanced enterprise strategy, strong demand for its services, and advancements in AI innovation. As a result, the company has increased its guidance to $194 million for its preliminary third-quarter 2024 results, surp ...

Upwork just published preliminary Q3 results and major restructuring news -- and Wall Street is feeling very bullish about the update.Upwork (UPWK 21.74%) stock is soaring in Wednesday's trading following the publication of preliminary third-quarter results. The gig-economy specialist's share price was up 22.6% as of 11 a.m. ET.Upwork published preliminary Q3 results before the market opened this morning, reporting performance that came in ahead of the market's expectations. In addition to the better-than-a ...

Approximately $60 million in annual cost savings advances Upwork toward 5-year profitability target Company expects to exceed revenue and adjusted EBITDA guidance for third quarter 2024 results SAN FRANCISCO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK) (“Upwork” or the “Company”), the world’s work marketplace that connects businesses with independent talent across the globe, today announced a more streamlined organizational structure and operational changes to continue the Company’s profita ...

Author's note: I present and update my best small-cap Busted IPO stock ideas only to subscribers of my exclusive marketplace, The Busted IPO Forum . Try a free 2-week trial today by clicking on our logo below! Shares of online gig marketplace Upwork Inc. (NASDAQ: UPWK ) were down 37% year-to-date when activist investor Engine Capital announced a 3.5% stake, sparking a 10% rally on September 13, 2024. The dreadful share price performance was in spite of the company raising its bottom-line guidance The Busted ...

SAN FRANCISCO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the third quarter of 2024 on Wednesday, November 6, 2024 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the call will be available on th ...

An increasing need for change in employee hiring processes and the emergence of remote work culture are drivers for freelance platforms growth. The global freelance platforms market size is expected to grow at a "Fundamental Options" would be the title of my investing style, because I combine fundamental analysis with the power of options. I use Fundamental Analysis to quantitatively and qualitatively assess individual stocks and ETFs, and I pursue various strategies: Income oriented, especially BDCs, but a ...