Equities analysts expect Upland Software, Inc. (NASDAQ:UPLD) to report sales of $25.38 million for the current quarter, Zacks reports. Five analysts have made estimates for Upland Software’s earnings, with the highest sales estimate coming in at $25.48 million and the lowest estimate coming in at $25.30 million. Upland Software posted sales of $19.24 million in the same quarter last year, which suggests a positive year over year growth rate of 31.9%. The company is expected to issue its next earnings report after the market closes on Thursday, November 9th.
On average, analysts expect that Upland Software will report full-year sales of $25.38 million for the current year, with estimates ranging from $94.99 million to $95.40 million. For the next financial year, analysts anticipate that the business will post sales of $106.36 million per share, with estimates ranging from $103.31 million to $109.25 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Upland Software.
Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.50). Upland Software had a negative net margin of 19.10% and a negative return on equity of 23.25%. The company had revenue of $23.30 million during the quarter, compared to the consensus estimate of $21.84 million. During the same period in the previous year, the business earned ($0.22) earnings per share. Upland Software’s revenue for the quarter was up 25.3% on a year-over-year basis.
Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. TheStreet upgraded shares of Upland Software from a “d” rating to a “c-” rating in a research note on Tuesday, July 18th. BidaskClub lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $29.00 target price (up from $25.00) on shares of Upland Software in a research note on Friday, July 14th. Finally, Roth Capital lowered shares of Upland Software from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research report on Friday, July 14th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $27.40.
In related news, major shareholder Systems Corp Wave sold 20,000 shares of Upland Software stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $22.46, for a total value of $449,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David May sold 25,000 shares of Upland Software stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $21.43, for a total value of $535,750.00. Following the transaction, the director now directly owns 138,500 shares of the company’s stock, valued at approximately $2,968,055. The disclosure for this sale can be found here. In the last three months, insiders sold 170,108 shares of company stock valued at $3,743,473. 30.20% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in UPLD. White Pine Capital LLC grew its stake in shares of Upland Software by 24.6% in the second quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock worth $616,000 after acquiring an additional 5,525 shares during the last quarter. Lyon Street Capital LLC purchased a new position in shares of Upland Software in the 2nd quarter worth approximately $7,321,000. Wasatch Advisors Inc. purchased a new position in shares of Upland Software in the 2nd quarter worth approximately $3,331,000. Bank of America Corp DE bought a new stake in shares of Upland Software during the 1st quarter worth approximately $362,000. Finally, Formula Growth Ltd. bought a new stake in shares of Upland Software during the 2nd quarter worth approximately $1,693,000. Hedge funds and other institutional investors own 25.79% of the company’s stock.
Shares of Upland Software (UPLD) opened at $20.30 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.71. Upland Software has a 1 year low of $7.48 and a 1 year high of $25.56.
About Upland Software
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
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