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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 $10.39, down 0.38% from the previous day, and has increased 13.06% in one year. It has overperformed other stocks in the Staffing & Employment Services industry by 0.15 percentage points. Upwork stock is currently +22.38% from its 52-week low of $8.49, and -36.49% from its 52-week high of $16.36.

There are currently 133.12M UPWK shares outstanding. The market value of UPWK is $1.38B. In the past 24 hours, 1.47M UPWK shares were traded.

How to Buy Upwork Stock

Not sure how to invest in Upwork stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Select your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 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.

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  1. Click here to get started.
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  2. Input your personal details to open your new brokerage account.
  1. Submit your info by hitting the "Create Account" button.
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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.

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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

UPWK Price
$10.39
1w %
-3.08%
1y %
13.06%
5y %
-31.91%
P/E
28.86x
P/B
3.96x
P/S
1.97x
PEG
0.83x
Revenue
$719.22M
Earnings
$48.16M
Fore. Rev. Growth
11.48%
Fore. Earn. Growth
34.71%
Market Cap
$1.38B
Next Earnings
Jul 31, 2024
Next Dividend
N/A

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 28.86x, relative to Staffing & Employment Services industry P/E ratio of 26.52x
  • UPWK may be undervalued based on its P/B ratio of 3.96x, relative to Staffing & Employment Services industry P/B ratio of 9.18x
  • UPWK may be undervalued based on its PEG ratio of 0.83x

You can do more valuation analysis on UPWK's stock here.

UPWK Financial Health Summary

Pros:

  • There are more short-term assets than long-term liabilities on the UPWK balance sheet.
  • UPWK profit margin has gone up from -7.5% to 6.7% in the past year.
  • There are more short-term assets than short-term liabilities on the UPWK balance sheet.
  • UPWK earnings of $49.59M is not sufficient to cover its interest payments.

Cons:

  • UPWK has a relatively high debt to equity ratio of 1.87.
  • Total UPWK debt is higher than 5 years ago, relative to shareholder equity.
  • UPWK's operating cash flow of $41.58M allows it to safely service it's debt of $361.86M.

Is it a good time to buy UPWK stock, according to Wall Street analysts?

Out of 8 sell side analysts who give ratings on UPWK, the consensus analyst rating on Upwork is a Strong Buy

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

Most Recent UPWK Analyst Recommendations

Eric Sheridan, a top 1% analyst from Goldman Sachs maintains UPWK with a strong buy rating and raises their UPWK price target from $20.00 to $22.00, on Feb 15, 2024.

Kunal Madhukar, a top 19% analyst from UBS maintains UPWK with a hold rating and raises their UPWK price target from $17.00 to $18.00, on Feb 15, 2024.

Brent Thill, a top 1% 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.

You can dig deeper into what analysts are forecasting on the Upwork stock forecast page.

UPWK Trading Indicators

SMA10
10.58
SMA20
10.87
SMA50
11.44
SMA100
12.31
SMA200
12.76
MACD
-0.33
MACD Signal
-0.33
MACD Histogram
0
RSI
34.95
Stochastic %K
27.44
Stochastic %D
30.69
StochRSI %K
75.69
StochRSI %D
77.43

UPWK Growth Metrics

Last year, UPWK revenue was $719.22M. During the last 5 year, UPWK's revenue has grown by 22.32% per year. This was faster than the Staffing & Employment Services industry average of 11.01%.

Dig into UPWK's earnings and revenue performance here.

Are UPWK executives and large shareholders buying or selling the stock?

Over the last year, insiders at UPWK have sold more shares than they have bought.

Dave Bottoms, GM VP II Marketplace of UPWK, was the latest UPWK insider to sell. They sold $12,551.10 worth of UPWK shares on May 29, 2024.

Learn more about who owns UPWK stock here.

Does UPWK stock generate passive income?

No, Upwork doesn't provide an income stream by paying out dividends.

Get analysis from other investors

One of the reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Place your UPWK trade

There are two main options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price limit, use a limit order.

Hit the Open button and your broker will place your order.

If you require more help investing in stocks on eToro, watch the helpful video below:

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Step 6: Get notifications regarding your investment in UPWK

Now that you own some UPWK shares, you'll want to keep up with your new company.

Make a watchlist to see the latest developments about your UPWK stock.

UPWK Feed

How to Buy Stock in Upwork

To reiterate, here are the 6 steps for buying Upwork stock:

  1. Choose where to buy Upwork stock
  2. Sign up for your brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Upwork stock
  5. Place your UPWK trade
  6. Get notifications regarding your investment in UPWK

If you need a brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your investment in Upwork, add UPWK to your watchlist by clicking the button below.

NASDAQ: UPWK
$10.39-0.04 (-0.38%)
Updated Jun 14, 2024
Open eToro Account
NASDAQ: UPWK
$10.39-0.04 (-0.38%)
Updated Jun 14, 2024
Open eToro Account

FAQ

How much does it cost to buy one Upwork share?

As of Jun 14, 2024, it costs $10.39 to buy one share of Upwork stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $5, you can buy 0.481 shares of UPWK.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Upwork stock?

According to 8 Wall Street analysts who monitor Upwork, their consensus recommendation is to buy Upwork stock.

What is the best way to buy Upwork stock?

One way to place an order for Upwork stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.