FY2020 EPS Estimates for Upland Software, Inc. (NASDAQ:UPLD) Lowered by Analyst


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Upland Software, Inc. (NASDAQ:UPLD) – Jefferies Financial Group lowered their FY2020 earnings per share estimates for Upland Software in a research report issued on Monday, January 11th. Jefferies Financial Group analyst B. Thill now forecasts that the software maker will post earnings of $0.92 per share for the year, down from their previous estimate of $0.99. Jefferies Financial Group has a “Buy” rating and a $58.00 price objective on the stock. Jefferies Financial Group also issued estimates for Upland Software’s Q4 2020 earnings at $0.17 EPS.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Upland Software from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 29th. TheStreet upgraded shares of Upland Software from a “d+” rating to a “c-” rating in a research report on Monday, October 5th. Needham & Company LLC boosted their price target on shares of Upland Software from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Raymond James boosted their price target on shares of Upland Software from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 3rd. Finally, Credit Suisse Group boosted their price target on shares of Upland Software from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, November 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Upland Software currently has an average rating of “Buy” and a consensus target price of $52.63.

UPLD opened at $46.62 on Thursday. The firm has a market capitalization of $1.37 billion, a PE ratio of -17.40, a PEG ratio of 2.76 and a beta of 1.03. Upland Software has a twelve month low of $20.75 and a twelve month high of $51.48. The firm’s 50-day moving average price is $45.44 and its 200 day moving average price is $40.23. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 3.42.

Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, November 5th. The software maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $74.18 million during the quarter, compared to analysts’ expectations of $61.11 million. Upland Software had a negative net margin of 25.50% and a positive return on equity of 18.31%. The company’s quarterly revenue was up 34.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Scout Investments Inc. boosted its stake in Upland Software by 2.8% in the 4th quarter. Scout Investments Inc. now owns 211,070 shares of the software maker’s stock worth $9,686,000 after purchasing an additional 5,700 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Upland Software by 28.0% during the third quarter. Public Employees Retirement System of Ohio now owns 132,135 shares of the software maker’s stock worth $4,981,000 after buying an additional 28,935 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Upland Software by 14.0% during the third quarter. California State Teachers Retirement System now owns 39,405 shares of the software maker’s stock worth $1,486,000 after buying an additional 4,826 shares in the last quarter. Millrace Asset Group Inc. grew its holdings in shares of Upland Software by 16.8% during the third quarter. Millrace Asset Group Inc. now owns 87,352 shares of the software maker’s stock worth $3,293,000 after buying an additional 12,584 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Upland Software during the third quarter worth $484,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

In other Upland Software news, Director Stephen E. Courter sold 1,235 shares of the company’s stock in a transaction dated Friday, November 13th. The stock was sold at an average price of $42.21, for a total value of $52,129.35. Also, CFO Michael Douglass Hill sold 7,110 shares of the company’s stock in a transaction dated Tuesday, December 22nd. The stock was sold at an average price of $46.93, for a total value of $333,672.30. Following the completion of the transaction, the chief financial officer now directly owns 251,924 shares of the company’s stock, valued at approximately $11,822,793.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,776 shares of company stock valued at $4,862,582. Insiders own 10.60% of the company’s stock.

About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology, digital marketing, ecommerce, customer service and support, project management, business operations, human resources and legal departments, and sales and marketing.

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