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

Upland Software, Inc. (NASDAQ:UPLD – Get 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:UPLD – Get 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.

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