Upland Software (NASDAQ:UPLD) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Upland Software (NASDAQ:UPLD) issued its quarterly earnings data on Tuesday. The software maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05, FiscalAI reports. Upland Software had a negative net margin of 18.43% and a negative return on equity of 80.37%. The business had revenue of $49.31 million during the quarter, compared to analyst estimates of $50.30 million.

Upland Software Price Performance

Shares of UPLD stock opened at $0.75 on Tuesday. The company has a market cap of $21.75 million, a price-to-earnings ratio of -0.43 and a beta of 1.27. The firm has a fifty day moving average price of $1.31 and a 200-day moving average price of $1.86. Upland Software has a 1 year low of $0.77 and a 1 year high of $3.91.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its holdings in shares of Upland Software by 10.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,320,696 shares of the software maker’s stock worth $3,130,000 after buying an additional 128,200 shares during the last quarter. Marshall Wace LLP boosted its stake in Upland Software by 5.3% in the fourth quarter. Marshall Wace LLP now owns 472,503 shares of the software maker’s stock valued at $676,000 after acquiring an additional 23,855 shares in the last quarter. Two Sigma Investments LP lifted its stake in Upland Software by 35.4% in the third quarter. Two Sigma Investments LP now owns 352,699 shares of the software maker’s stock valued at $836,000 after buying an additional 92,266 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Upland Software by 41.0% during the 4th quarter. Russell Investments Group Ltd. now owns 262,389 shares of the software maker’s stock valued at $375,000 after acquiring an additional 76,341 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in Upland Software by 34.7% in the 4th quarter. Squarepoint Ops LLC now owns 139,197 shares of the software maker’s stock valued at $199,000 after buying an additional 35,878 shares during the period. 77.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wall Street Zen raised Upland Software from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Upland Software in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Upland Software currently has a consensus rating of “Hold” and a consensus price target of $4.00.

About Upland Software

Upland Software, Inc is a provider of enterprise work management software delivered through a cloud-based, software-as-a-service model. The company offers a suite of integrated applications designed to help organizations plan, execute and measure work across various business functions including project management, marketing workflows, document automation and contract management.

Its flagship product lines include Upland PSA for professional services automation, Upland Bluebeam for digital collaboration in architecture and engineering workflows, Upland Qvidian for proposal automation, and Upland Pinpoint for customer communication management.