Equities analysts expect that Upland Software Inc (NASDAQ:UPLD) will report sales of $54.69 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Upland Software’s earnings, with the lowest sales estimate coming in at $54.30 million and the highest estimate coming in at $55.14 million. Upland Software reported sales of $37.14 million during the same quarter last year, which would suggest a positive year over year growth rate of 47.3%. The firm is scheduled to report its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Upland Software will report full year sales of $212.48 million for the current year, with estimates ranging from $211.67 million to $213.42 million. For the next fiscal year, analysts expect that the firm will report sales of $230.88 million, with estimates ranging from $222.70 million to $235.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Upland Software.

Upland Software (NASDAQ:UPLD) last posted its earnings results on Wednesday, August 7th. The software maker reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.21. The company had revenue of $53.01 million for the quarter, compared to analyst estimates of $51.51 million. Upland Software had a negative net margin of 8.03% and a positive return on equity of 25.43%. The business’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same period last year, the business posted ($0.26) earnings per share.

A number of equities research analysts recently commented on the stock. Roth Capital raised their price objective on shares of Upland Software from $54.00 to $58.00 in a report on Tuesday, May 28th. BidaskClub lowered shares of Upland Software from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Investment Research lowered shares of Upland Software from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Jefferies Financial Group assumed coverage on shares of Upland Software in a report on Friday, May 31st. They set a “buy” rating and a $61.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $53.00 price objective (up from $50.00) on shares of Upland Software in a report on Monday, June 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Upland Software has an average rating of “Buy” and an average target price of $51.88.

A number of institutional investors have recently added to or reduced their stakes in the stock. Falcon Point Capital LLC grew its position in shares of Upland Software by 1.3% in the 2nd quarter. Falcon Point Capital LLC now owns 21,536 shares of the software maker’s stock valued at $981,000 after acquiring an additional 268 shares during the period. Van Hulzen Asset Management LLC grew its position in shares of Upland Software by 8.5% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 5,685 shares of the software maker’s stock valued at $259,000 after acquiring an additional 444 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Upland Software by 77.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock valued at $63,000 after acquiring an additional 608 shares during the period. Aperio Group LLC bought a new position in shares of Upland Software in the 2nd quarter valued at about $28,000. Finally, Legal & General Group Plc grew its position in shares of Upland Software by 26.6% in the 4th quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock valued at $81,000 after acquiring an additional 622 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:UPLD traded down $0.26 during midday trading on Thursday, reaching $42.33. 162,248 shares of the company were exchanged, compared to its average volume of 364,034. Upland Software has a fifty-two week low of $25.12 and a fifty-two week high of $54.87. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.33. The stock has a fifty day simple moving average of $44.78 and a two-hundred day simple moving average of $42.80. The firm has a market cap of $1.06 billion, a PE ratio of 35.87, a P/E/G ratio of 1.38 and a beta of 0.57.

About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

Featured Article: Intrinsic Value and Stock Selection

Get a free copy of the Zacks research report on Upland Software (UPLD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Upland Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software and related companies with MarketBeat.com's FREE daily email newsletter.