Stifel Nicolaus Begins Coverage on Upwork (UPWK)

Stifel Nicolaus began coverage on shares of Upwork (NASDAQ:UPWK) in a report released on Monday morning, The Fly reports. The firm issued a hold rating and a $18.00 target price on the stock.

Separately, Guggenheim started coverage on Upwork in a research note on Wednesday, October 24th. They issued a buy rating and a $25.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Upwork currently has an average rating of Buy and a consensus price target of $22.00.

Shares of NASDAQ:UPWK opened at $20.23 on Monday. Upwork has a 52-week low of $16.70 and a 52-week high of $23.49.

In other news, SVP Hayden Brown sold 54,246 shares of the firm’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $13.95, for a total value of $756,731.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

About Upwork

Upwork Inc operates an online platform that connects businesses and freelancers. Its platform comprise freelancers in content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and web development categories. The company was formerly known as Elance-oDesk, Inc and changed its name to Upwork Inc in May 2015.

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