Upland Software, Inc. (NASDAQ:UPLD) Expected to Announce Quarterly Sales of $75.49 Million

Wall Street brokerages predict that Upland Software, Inc. (NASDAQ:UPLD) will report $75.49 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Upland Software’s earnings, with the highest sales estimate coming in at $76.09 million and the lowest estimate coming in at $75.20 million. Upland Software reported sales of $78.25 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.5%. The company is scheduled to report its next earnings results on Wednesday, February 23rd.

On average, analysts expect that Upland Software will report full-year sales of $301.78 million for the current fiscal year, with estimates ranging from $301.50 million to $302.38 million. For the next financial year, analysts expect that the company will report sales of $308.20 million, with estimates ranging from $304.23 million to $310.41 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Upland Software.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Wednesday, November 3rd. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.45. Upland Software had a positive return on equity of 5.83% and a negative net margin of 18.52%. The business had revenue of $76.05 million during the quarter, compared to analyst estimates of $77.71 million. During the same period last year, the company earned $0.17 EPS.

UPLD has been the topic of several recent research reports. dropped their price target on shares of Upland Software from $48.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, November 4th. Truist lowered their price target on shares of Upland Software from $65.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, November 4th. Needham & Company LLC lowered their price target on shares of Upland Software from $60.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 4th. Jefferies Financial Group lowered shares of Upland Software from a “buy” rating to a “hold” rating and reduced their price objective for the company from $50.00 to $30.00 in a research note on Thursday, November 4th. Finally, Truist Securities reduced their price objective on shares of Upland Software from $65.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $41.44.

Shares of UPLD opened at $18.46 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.65 and a current ratio of 1.65. The company has a 50-day moving average price of $22.23. The firm has a market cap of $563.53 million, a P/E ratio of -9.87, a PEG ratio of 4.44 and a beta of 1.00. Upland Software has a one year low of $17.35 and a one year high of $53.00.

In related news, EVP Kinloch Gill III sold 3,481 shares of the stock in a transaction that occurred on Thursday, November 18th. The shares were sold at an average price of $21.97, for a total transaction of $76,477.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.90% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE lifted its holdings in shares of Upland Software by 85.7% in the 2nd quarter. US Bancorp DE now owns 795 shares of the software maker’s stock worth $33,000 after acquiring an additional 367 shares during the last quarter. UBS Group AG grew its position in shares of Upland Software by 71.1% in the 3rd quarter. UBS Group AG now owns 1,913 shares of the software maker’s stock worth $64,000 after buying an additional 795 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Upland Software by 12.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,740 shares of the software maker’s stock worth $192,000 after buying an additional 627 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Upland Software during the 3rd quarter worth approximately $203,000. Finally, Squarepoint Ops LLC purchased a new stake in Upland Software during the 2nd quarter worth approximately $216,000. 82.98% of the stock is owned by institutional investors.

About Upland Software

Upland Software, Inc engages in the provision of cloud-based enterprise work management software, which enables organizations to plan, manage and execute projects and work. It offers customer experience management, cloud, enterprise Sales and marketing cloud, project and IT management cloud, and document workflow cloud.

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