Wall Street analysts expect Upland Software, Inc. (NASDAQ:UPLD – Get a rating) will post $76.70 million in sales for the current quarter, Zacks Investment Research reports. Five analysts provided earnings estimates for Upland Software, with estimates ranging from $76.20 million to $77.16 million. Upland Software posted sales of $73.97 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The company is expected to release its next results after the market closes on Monday, January 1.
On average, analysts expect Upland Software to report annual sales of $317.97 million for the current year, with estimates ranging from $314.74 million to $320.25 million. . For the next fiscal year, analysts expect the company to post sales of $332.20 million, with estimates ranging from $323.40 to $337.53 million. Zacks sales calculations are an average based on a survey of research analysts who provide coverage for Upland Software.
Mountain software (NASDAQ:UPLD – Get a rating) last released its quarterly results on Thursday, February 24. The software maker reported earnings per share (EPS) of $0.28 for the quarter, beating the Zacks consensus estimate of $0.14 by $0.14. Upland Software posted a positive return on equity of 5.80% and a negative net margin of 19.27%. The company posted revenue of $75.73 million in the quarter, compared to analyst estimates of $75.44 million. During the same period last year, the company achieved EPS of $0.29. Upland Software’s quarterly revenue decreased 3.2% compared to the same quarter last year.
Several research companies have commented on UPLD. Truist Financial reduced its price target on Upland Software from $44.00 to $30.00 in a Tuesday, January 11 report. Jefferies Financial Group cut its price target on Upland Software from $30.00 to $20.00 and set a “hold” rating on the stock in a Thursday, Jan. 6, report. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a price target of $17.00 on the stock in a Wednesday, April 27, report. Canaccord Genuity Group reduced its price target on Upland Software from $30.00 to $24.00 in a Friday, February 25 report. Finally, Craig Hallum reduced his price target on Upland Software from $32.00 to $22.00 in a Tuesday, January 11 report. Three equity research analysts gave the stock a hold rating and five gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $27.56.
Institutional investors have recently been buying and selling shares of the company. Signaturefd LLC increased its position in Upland Software shares by 3,680.0% in the 4th 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% in the third quarter. UBS Group AG now owns 1,913 shares of the software maker worth $64,000 after acquiring an additional 795 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Upland Software during Q4 for a value of approximately $183,000. PDT Partners LLC acquired a new stake in Upland Software during the 4th quarter for a value of approximately $185,000. Finally, Blair William & Co. IL strengthened its position in Upland Software by 12.4% in the 4th quarter. Blair William & Co. IL now owns 10,643 shares of the software maker worth $191,000 after acquiring 1,173 additional shares during the period. 77.61% of the shares are held by hedge funds and other institutional investors.
UPLD opened at $14.64 on Wednesday. The company’s fifty-day moving average price is $16.73. The stock has a market capitalization of $455.79 million, a P/E ratio of -7.62 and a beta of 0.99. Upland Software has a 52-week minimum of $14.17 and a 52-week maximum of $48.61. The company has a debt ratio of 1.63, a current ratio of 1.68 and a quick ratio of 1.68.
Upland Software Company Profile (Get a rating)
Upland Software, Inc provides cloud-based enterprise work management software in the US, UK, Canada and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact centers, project management, information technology, business operations, human resources and legal.
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