$79.41 Million in Sales Expected for Upland Software, Inc. (NASDAQ:UPLD) This Quarter

Equities research analysts expect Upland Software, Inc. (NASDAQ:UPLD – Get Rating) to announce sales of $79.41 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Upland Software’s earnings. The lowest sales estimate is $79.00 million and the highest is $79.60 million. Upland Software posted sales of $76.26 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.1%. The business is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Upland Software will report full year sales of $319.64 million for the current financial year, with estimates ranging from $317.20 million to $321.01 million. For the next fiscal year, analysts forecast that the firm will report sales of $330.28 million, with estimates ranging from $324.80 million to $338.34 million. Zacks’ sales averages are an average based on a survey of research firms that cover Upland Software.

Upland Software (NASDAQ:UPLD – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The software maker reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $78.72 million during the quarter, compared to the consensus estimate of $76.77 million. Upland Software had a positive return on equity of 6.55% and a negative net margin of 19.68%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Canaccord Genuity Group dropped their target price on Upland Software from $30.00 to $24.00 in a research report on Friday, February 25th. Needham & Company LLC dropped their target price on Upland Software from $40.00 to $25.00 in a research report on Thursday, May 5th. Jefferies Financial Group dropped their target price on Upland Software from $17.00 to $14.00 in a research report on Monday. Finally, StockNews.com initiated coverage on Upland Software in a research report on Thursday, March 31st. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Upland Software has a consensus rating of “Hold” and an average target price of $25.22.

Shares of NASDAQ:UPLD opened at $12.62 on Wednesday. The company has a market capitalization of $395.27 million, a price-to-earnings ratio of -6.44 and a beta of 0.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.57. The business has a 50-day moving average price of $15.57 and a 200 day moving average price of $18.06. Upland Software has a 12-month low of $12.39 and a 12-month high of $42.52.

A number of hedge funds and other institutional investors have recently modified their holdings of UPLD. Wells Fargo & Company MN lifted its stake in Upland Software by 17.3% in the second quarter. Wells Fargo & Company MN now owns 53,323 shares of the software maker’s stock valued at $2,195,000 after buying an additional 7,863 shares during the last quarter. Morgan Stanley increased its holdings in shares of Upland Software by 418.2% in the second quarter. Morgan Stanley now owns 125,695 shares of the software maker’s stock valued at $5,174,000 after purchasing an additional 101,441 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Upland Software in the third quarter valued at approximately $203,000. BlackRock Inc. increased its holdings in shares of Upland Software by 1.5% in the third quarter. BlackRock Inc. now owns 1,828,309 shares of the software maker’s stock valued at $61,138,000 after purchasing an additional 27,103 shares during the period. Finally, Barclays PLC increased its holdings in shares of Upland Software by 5.0% in the third quarter. Barclays PLC now owns 18,164 shares of the software maker’s stock valued at $607,000 after purchasing an additional 870 shares during the period. Institutional investors own 77.61% 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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