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 $16.96, up 2.54% from the previous day, and has increased 21.4% in one year. It has overperformed other stocks in the Staffing & Employment Services industry by 0.18 percentage points. Upwork stock is currently +101.31% from its 52-week low of $8.43, and -4.67% from its 52-week high of $17.79.
There are currently 133.67M UPWK shares outstanding. The market value of UPWK is $2.27B. In the past 24 hours, 1.7M 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.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to world financial markets: From Tech to Utilities, New York to London — you can fill your portfolio with stocks from the world's leading stock exchanges.
- 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 Due Diligence 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 undervalued based on its P/E ratio of 26.09x, relative to Staffing & Employment Services industry P/E ratio of 32.07x
- UPWK may be undervalued based on its P/B ratio of 5.51x, relative to Staffing & Employment Services industry P/B ratio of 10.47x
- UPWK may be overvalued based on its PEG ratio of 1.26x
You can do more valuation analysis on UPWK's stock here.
UPWK Financial Health Summary
Pros:
- UPWK's operating cash flow of $139.74M allows it to safely service it's debt of $366.69M.
- UPWK profit margin has gone up from 2% to 11.3% in the past year.
- There are more short-term assets than long-term liabilities on the UPWK balance sheet.
- There are more short-term assets than short-term liabilities on the UPWK balance sheet.
- UPWK earnings of $85.35M is not sufficient to cover its interest payments.
Cons:
- Total UPWK debt is higher than 5 years ago, relative to shareholder equity.
- UPWK has a relatively high debt to equity ratio of 1.58.
Is it a good time to buy UPWK stock, according to Wall Street analysts?
Out of 9 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 $21.00 to $24.00, on Nov 7, 2024.
Rohit Kulkarni, a top 1% analyst from Roth MKM maintains UPWK with a strong buy rating and raises their UPWK price target from $13.00 to $20.00, on Nov 7, 2024.
Matt Farrell, a top 15% analyst from Piper Sandler reiterates UPWK with a strong buy rating and raises their UPWK price target from $13.00 to $18.00, on Nov 7, 2024.
Brad Erickson, a top 3% analyst from RBC Capital maintains UPWK with a hold rating and lowers their UPWK price target from $15.00 to $11.00, on Aug 8, 2024.
You can dig deeper into what analysts are forecasting on the Upwork stock forecast page.
UPWK Trading Indicators
UPWK Growth Metrics
Last year, UPWK earnings were $85.79M. During the last 1 years, UPWK's earnings have grown by 622.22% per year. This was faster than the Staffing & Employment Services industry average of 13.15%.
Last year, UPWK revenue was $761.78M. In the last five year, UPWK's revenue has grown by 21.51% per year. This was faster than the Staffing & Employment Services industry average of 8.54%.
Find out more about UPWK's earnings and revenue performance here.
Are UPWK executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at UPWK have sold more shares than they have bought.
Hayden Brown, President CEO of UPWK, was the latest UPWK insider to sell. They sold $255,000.00 worth of UPWK shares on Nov 27, 2024.
Get more info about who owns UPWK shares 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 primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your UPWK trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price, place a limit order.
Click the Open Trade button and your broker will execute the order.
If you require additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in UPWK
Now that you own some shares in UPWK, you'll want to keep up with your new investment.
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 to buy 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 recommended venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Upwork, create a watchlist on WallStreetZen today.
Other Content You May Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation 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.