Upwork: A Small Bet Activist Pressure Will Succeed [Seeking Alpha]
Upwork Inc. (UPWK)
Last upwork inc. earnings: 2/26 04:09 pm
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Source: Seeking Alpha
Follow Summary Today, we take a look at Upwork, Inc. after Engine Capital recently initiated a 3.5% stake in the firm amid criticism of management's strategic direction. Despite macroeconomic challenges and AI concerns, Upwork's simplified fee structure and cost-cutting measures improved take rates and profitability in FY23. Upwork's strong cash flow and low valuation multiples highlight its potential for long-term growth, despite AI fears and competitive pressures. An investment analysis around Upwork follows in the paragraphs below. Looking for a helping hand in the market? Members of The Busted IPO Forum get exclusive ideas and guidance to navigate any climate. Learn More » Justin Paget/DigitalVision via Getty Images 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 co
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UPWK
News
- Upwork Inc. (NASDAQ: UPWK) had its price target raised by analysts at UBS Group AG from $17.00 to $18.00. They now have a "neutral" rating on the stock.MarketBeat
- Upwork Inc. (NASDAQ: UPWK) had its price target raised by analysts at Citigroup Inc. from $11.00 to $19.00. They now have a "neutral" rating on the stock.MarketBeat
- Upwork Inc.'s (NASDAQ:UPWK) large institutional owners must be happy as stock continues to impress, up 13% over the past week [Yahoo! Finance]Yahoo! Finance
- Upwork to Present at UBS Global Technology and AI ConferenceGlobeNewswire
- Surging Earnings Estimates Signal Upside for Upwork (UPWK) Stock [Yahoo! Finance]Yahoo! Finance
UPWK
Earnings
- 11/6/24 - Beat
UPWK
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- UPWK's page on the SEC website