Upland Software (NASDAQ:UPLD) Posts Earnings Results, Beats Estimates By $0.03 EPS

Upland Software (NASDAQ:UPLD) posted its earnings results on Friday. The software maker reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03, FiscalAI reports. The firm had revenue of $48.69 million during the quarter, compared to analysts’ expectations of $48.50 million. Upland Software had a negative net margin of 17.94% and a negative return on equity of 58.67%.

Upland Software Price Performance

NASDAQ UPLD traded down $0.01 during trading hours on Friday, reaching $0.61. The company’s stock had a trading volume of 776,341 shares, compared to its average volume of 276,322. The firm has a fifty day simple moving average of $0.68 and a 200-day simple moving average of $1.31. The stock has a market cap of $17.91 million, a P/E ratio of -0.39 and a beta of 1.34. Upland Software has a 52 week low of $0.50 and a 52 week high of $3.91.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP bought a new position in Upland Software in the 3rd quarter valued at approximately $32,000. Dynamic Technology Lab Private Ltd bought a new position in Upland Software in the 3rd quarter valued at approximately $34,000. NewEdge Advisors LLC raised its holdings in Upland Software by 697.1% in the 1st quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock valued at $34,000 after buying an additional 10,442 shares during the last quarter. Centiva Capital LP bought a new position in Upland Software in the 3rd quarter valued at approximately $52,000. Finally, XTX Topco Ltd bought a new position in Upland Software in the 4th quarter valued at approximately $56,000. Institutional investors own 77.78% of the company’s stock.

Analyst Upgrades and Downgrades

UPLD has been the subject of a number of research reports. Canaccord Genuity Group dropped their target price on shares of Upland Software from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Upland Software in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3.67.

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.