How to Buy Upwork Stock
Upwork Inc
Upwork Inc. , together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally.
Upwork stock last closed at $11.56, up 3.4% from the previous day, and has increased 21.56% in one year. It has overperformed other stocks in the Staffing & Employment Services industry by 0.18 percentage points. Upwork stock is currently +76.22% from its 52-week low of $6.56, and -29.34% from its 52-week high of $16.36.
There are currently 137.39M UPWK shares outstanding. The market value of UPWK is $1.59B. In the past 24 hours, 1.09M UPWK shares were traded.
How to Buy Upwork Stock
Not sure how to invest in Upwork stock? Here's how.
- Choose where to buy Upwork stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Upwork stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your payment method and add your information.
- Evaluate Upwork stock: The Upwork ticker symbol is UPWK. Is Upwork stock a good investment? Should you buy shares of UPWK? How do UPWK's underlying business fundamentals look? Do top analysts think Upwork is a good buy? Why has UPWK's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if UPWK is a good stock to buy).
- Place your UPWK trade: Decide if you will purchase UPWK shares at the current market price or use a limit order to purchase UPWK stock at a specific price.
- Get notifications regarding your investment in UPWK: Create a watchlist to the latest updates on your new investment in Upwork shares.
Step 1: Choose where to buy Upwork stock
You will need a brokerage account in order to access the NASDAQ market and buy UPWK stock.
Our preferred brokerage: eToro
We believe that eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
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- Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal details so you are able to buy UPWK today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new brokerage account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've opened your account on the best stock market app, your next step is to transfer the money for your investment:
Check out the walkthrough below to see the process of depositing funds into your investment account.
Step 4: Evaluate Upwork stock
Once you have selected the best place to buy Upwork stock, it's absolutely critical to research their stock before you buy, so you actually understand the risk as well as the opportunity.
Upwork stock data
Upwork Zen Score
WallStreetZen was designed to help average investors do more accurate fundamental analysis.
You can see all of the due diligence checks on UPWK's stock page.
Is UPWK stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge UPWK's true value.
Using relative valuations metrics:
- UPWK could be overvalued based on its P/E ratio of 33.03x, relative to Staffing & Employment Services industry P/E ratio of 27.42x
- UPWK may be undervalued based on its P/B ratio of 4.17x, relative to Staffing & Employment Services industry P/B ratio of 9.44x
You can do more valuation research on UPWK's stock here.
UPWK Financial Health Summary
Pros:
- UPWK earnings of $48.88M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the UPWK balance sheet.
- UPWK profit margin has gone up from -14.5% to 6.8% in the past year.
- There are more short-term assets than long-term liabilities on the UPWK balance sheet.
Cons:
- UPWK's operating cash flow of $27.22M allows it to safely service it's debt of $362.18M.
- UPWK has a relatively high debt to equity ratio of 1.72.
- Total UPWK debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Upwork stock, according to Wall Street analysts?
Out of 7 Wall Street analysts who research UPWK, the consensus analyst rating on Upwork is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent UPWK Analyst Upgrades/Downgrades
Brent Thill, a top 2% analyst from Jefferies upgrades UPWK to a strong buy rating and raises their UPWK price target from $13.00 to $20.00, on Jan 8, 2024.
Rohit Kulkarni, a top 2% analyst from Roth MKM maintains UPWK with a strong buy rating and raises their UPWK price target from $13.00 to $14.00, on Nov 8, 2023.
You can dive deeper into what analysts are projecting on the Upwork stock forecast page.
Metrics for Advanced UPWK Traders
UPWK Performance Metrics
Last year, UPWK revenue was $689.14M. During the last five year, UPWK's revenue has grown by 22.16% per year. This was faster than the Staffing & Employment Services industry average of 8.74%.
Dig into UPWK's earnings and revenue performance here.
Who is buying/selling UPWK?
In the last year, executives and large shareholders at UPWK have sold more shares than they have bought.
Olivier Marie, Chief Accounting Officer of UPWK, was the latest UPWK insider to sell. They sold $2,497.15 worth of UPWK stock on Apr 18, 2024.
Research more about who owns UPWK shares here.
Does UPWK provide a stable income stream?
No, Upwork doesn't provide an income stream by paying out dividends.
What do other traders have to say about UPWK?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your UPWK trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, place a limit order.
Hit the Open Trade button and eToro will execute the order.
If you need more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in UPWK
Now that you own some UPWK stock, you'll want to stay up-to-date on your investment.
Add UPWK to a watchlist to monitor your UPWK stock.
UPWK Feed
How to Buy Stock in Upwork
To summarize, here are the 6 steps for buying Upwork stock:
- Choose where to buy Upwork stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Evaluate Upwork stock
- Place your UPWK trade
- Get notifications regarding your investment in UPWK
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Upwork, add UPWK to your watchlist by clicking the button below.
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