Upland Software, Inc. (NASDAQ:UPLD) – Equity analysts at Jefferies Financial Group raised their first-quarter 2022 earnings estimates for Upland Software shares in a report released Wednesday, January 26. Jefferies Financial Group analyst B. Thill now expects the software maker to post earnings of $0.13 per share for the quarter, up from its previous forecast of $0.12. Jefferies Financial Group currently has a “Hold” rating and a target price of $20.00 on the stock. Jefferies Financial Group also released estimates for Upland Software Q2 2022 earnings at $0.16 EPS, Q3 2022 earnings at $0.13 EPS, Q4 2022 earnings at $0.15 EPS and FY2022 earnings at $0.56 EPS.
A number of other analysts have also recently commented on the company. Truist Financial lowered its target price on Upland Software from $44.00 to $30.00 in a Tuesday, January 11 research note. Raymond James lowered its price target on Upland Software from $35.00 to $30.00 and set an “outperform” rating on the stock in a Tuesday, January 11 research report. lowered its price target on Upland Software from $48.00 to $35.00 and set a “buy” rating on the stock in a Thursday, November 4 research report. Needham & Company LLC reduced its price target on Upland Software from $60.00 to $40.00 and set a “buy” rating for the company in a Thursday, November 4 report. Finally, Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a target price of $24.00 for the company in a report on Friday, January 14. Two investment analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $32.38.
Shares of UPLD opened at $18.71 on Monday. Upland Software has a 52 week minimum of $17.35 and a 52 week maximum of $53.00. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt ratio of 1.68. The stock has a market capitalization of $571.16 million, a P/E ratio of -10.01, a growth price/earnings ratio of 4.37 and a beta of 1.00. The company has a 50-day moving average of $19.48. Upland Software Inc (NASDAQ:UPLD) last released its quarterly results on Wednesday, November 3. The software maker reported earnings per share of $0.57 for the quarter, beating Thomson Reuters consensus estimate of $0.12 from $0.45. Upland Software posted a positive return on equity of 5.83% and a negative net margin of 18.52%. The company posted revenue of $76.05 million for the quarter, versus a consensus estimate of $77.71 million. In the same quarter of the previous year, the company achieved EPS of $0.17.
A number of hedge funds have recently bought and sold shares of UPLD. Signaturefd LLC increased its stake in Upland Software by 3,680.0% during the fourth quarter. Signaturefd LLC now owns 1,512 shares of the software maker worth $27,000 after buying 1,472 additional shares in the last quarter. UBS Group AG increased its position in Upland Software by 71.1% during the third quarter. UBS Group AG now owns 1,913 shares of the software maker worth $64,000 after buying an additional 795 shares during the period. BNP Paribas Arbitrage SA increased its position in Upland Software by 12.3% during the third quarter. BNP Paribas Arbitrage SA now owns 5,740 shares of the software maker worth $192,000 after purchasing an additional 627 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Upland Software in the third quarter worth approximately $203,000. Finally, Squarepoint Ops LLC acquired a new position in Upland Software stock in the second quarter worth approximately $216,000. Hedge funds and other institutional investors hold 78.12% of the company’s shares.
In other news, EVP Kinloch Gill III sold 3,481 shares of Upland Software in a trade dated Thursday, November 18. The stock was sold at an average price of $21.97, for a total value of $76,477.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Insiders of the company own 6.90% of the shares of the company.
About Upland Software
Upland Software, Inc is engaged in providing cloud-based enterprise work management software that enables organizations to plan, manage and execute projects and jobs. It offers customer experience management, cloud, enterprise sales and marketing cloud, project management and IT cloud, and document workflow cloud.
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