Q1 2023 EPS Estimates for Upland Software, Inc. Decreased by Analyst (NASDAQ:UPLD)

Upland Software, Inc. (NASDAQ:UPLDGet Rating) – Research analysts at Jefferies Financial Group decreased their Q1 2023 earnings per share (EPS) estimates for shares of Upland Software in a note issued to investors on Wednesday, April 27th. Jefferies Financial Group analyst B. Thill now anticipates that the software maker will post earnings of $0.16 per share for the quarter, down from their prior forecast of $0.18. Jefferies Financial Group currently has a “Hold” rating and a $20.00 price objective on the stock. Jefferies Financial Group also issued estimates for Upland Software’s Q2 2023 earnings at $0.17 EPS, Q3 2023 earnings at $0.17 EPS, Q4 2023 earnings at $0.20 EPS and FY2023 earnings at $0.70 EPS.

Other equities research analysts have also recently issued research reports about the company. StockNews.com initiated coverage on Upland Software in a report on Thursday, March 31st. They set a “hold” rating on the stock. Roth Capital lowered their target price on Upland Software from $58.00 to $30.00 in a report on Friday, February 25th. Truist Financial lowered their target price on Upland Software from $44.00 to $30.00 in a report on Tuesday, January 11th. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday. Finally, Canaccord Genuity Group lowered their target price on Upland Software from $30.00 to $24.00 in a report on Friday, February 25th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $27.56.

NASDAQ UPLD opened at $14.40 on Thursday. Upland Software has a 1-year low of $14.17 and a 1-year high of $51.34. The company has a market capitalization of $448.32 million, a P/E ratio of -7.50 and a beta of 0.93. The business has a 50 day moving average price of $16.89 and a 200 day moving average price of $20.34. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.68 and a quick ratio of 1.68.

Upland Software (NASDAQ:UPLDGet Rating) last released its quarterly earnings data on Thursday, February 24th. The software maker reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.14. Upland Software had a positive return on equity of 5.80% and a negative net margin of 19.27%. The firm had revenue of $75.73 million during the quarter, compared to the consensus estimate of $75.44 million. During the same period last year, the business posted $0.29 EPS. Upland Software’s quarterly revenue was down 3.2% on a year-over-year basis.

Several hedge funds have recently bought and sold shares of the company. HighTower Trust Services LTA acquired a new stake in shares of Upland Software during the first quarter worth $692,000. Lannebo Fonder AB boosted its holdings in shares of Upland Software by 6.5% during the first quarter. Lannebo Fonder AB now owns 145,865 shares of the software maker’s stock worth $2,569,000 after purchasing an additional 8,865 shares during the last quarter. Bernzott Capital Advisors boosted its holdings in shares of Upland Software by 1.3% during the first quarter. Bernzott Capital Advisors now owns 1,105,702 shares of the software maker’s stock worth $19,471,000 after purchasing an additional 13,781 shares during the last quarter. Scout Investments Inc. boosted its holdings in shares of Upland Software by 37.9% during the first quarter. Scout Investments Inc. now owns 345,010 shares of the software maker’s stock worth $6,076,000 after purchasing an additional 94,828 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Upland Software by 1.3% during the first quarter. Nordea Investment Management AB now owns 247,624 shares of the software maker’s stock worth $4,395,000 after purchasing an additional 3,243 shares during the last quarter. Institutional investors and hedge funds own 76.02% of the company’s stock.

Upland Software Company Profile (Get Rating)

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.

Further Reading

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

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