Upland Software (NASDAQ:UPLD) Releases FY 2021 Earnings Guidance

Upland Software (NASDAQ:UPLD) updated its FY 2021 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $299 million-$311 million, compared to the consensus revenue estimate of $303.23 million.

A number of equities analysts recently issued reports on the company. Craig Hallum raised their target price on Upland Software from $29.00 to $64.00 and gave the stock a buy rating in a research note on Thursday, February 25th. Truist lifted their price objective on Upland Software from $60.00 to $65.00 in a research note on Wednesday, March 3rd. Credit Suisse Group reiterated an outperform rating and set a $58.00 price objective on shares of Upland Software in a research note on Monday, March 29th. Canaccord Genuity lifted their price objective on Upland Software from $52.00 to $57.00 and gave the company a buy rating in a research note on Thursday, January 21st. Finally, Zacks Investment Research lowered Upland Software from a buy rating to a hold rating in a research note on Wednesday, May 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $58.25.

Shares of NASDAQ:UPLD traded down $1.11 during trading on Wednesday, reaching $40.78. 1,066 shares of the company’s stock traded hands, compared to its average volume of 249,811. Upland Software has a fifty-two week low of $26.56 and a fifty-two week high of $53.00. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.80. The firm has a market cap of $1.23 billion, a PE ratio of -16.11, a P/E/G ratio of 12.43 and a beta of 0.99. The company has a 50-day simple moving average of $47.87 and a 200-day simple moving average of $46.88.

Upland Software (NASDAQ:UPLD) last posted its earnings results on Wednesday, May 5th. The software maker reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.52. Upland Software had a positive return on equity of 15.94% and a negative net margin of 23.40%. On average, equities research analysts forecast that Upland Software will post 0.9 EPS for the current year.

In related news, COO Timothy Mattox sold 4,483 shares of Upland Software stock in a transaction dated Thursday, February 11th. The stock was sold at an average price of $51.00, for a total value of $228,633.00. Following the sale, the chief operating officer now directly owns 434,045 shares in the company, valued at approximately $22,136,295. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Rodney C. Favaron sold 28,989 shares of Upland Software stock in a transaction dated Friday, April 16th. The stock was sold at an average price of $50.00, for a total value of $1,449,450.00. Following the completion of the sale, the president now owns 277,375 shares in the company, valued at $13,868,750. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,205 shares of company stock worth $3,779,217. 10.60% of the stock is currently owned by insiders.

Upland Software Company Profile

Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal.

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Earnings History and Estimates for Upland Software (NASDAQ:UPLD)

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