Upland Software (NASDAQ:UPLD) Issues Earnings Results

Upland Software (NASDAQ:UPLD) issued its quarterly earnings data on Thursday. The software maker reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.27, FiscalAI reports. Upland Software had a negative return on equity of 51.46% and a negative net margin of 7.08%.The firm had revenue of $49.14 million for the quarter, compared to analyst estimates of $48.61 million.

Upland Software Trading Down 12.3%

NASDAQ UPLD opened at $5.35 on Friday. The firm’s 50 day simple moving average is $5.12 and its 200 day simple moving average is $7.12. The firm has a market capitalization of $15.73 million, a price-to-earnings ratio of -0.76 and a beta of 1.44. Upland Software has a 1 year low of $4.00 and a 1 year high of $39.10.

Institutional Investors Weigh In On Upland Software

A number of large investors have recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in shares of Upland Software by 10.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,320,696 shares of the software maker’s stock valued at $3,130,000 after purchasing an additional 128,200 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Upland Software by 5.3% during the 4th quarter. Marshall Wace LLP now owns 472,503 shares of the software maker’s stock worth $676,000 after buying an additional 23,855 shares during the last quarter. Two Sigma Investments LP boosted its stake in Upland Software by 35.4% in the third quarter. Two Sigma Investments LP now owns 352,699 shares of the software maker’s stock valued at $836,000 after buying an additional 92,266 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Upland Software by 41.0% in the fourth quarter. Russell Investments Group Ltd. now owns 262,389 shares of the software maker’s stock valued at $375,000 after buying an additional 76,341 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in Upland Software by 34.7% in the fourth quarter. Squarepoint Ops LLC now owns 139,197 shares of the software maker’s stock valued at $199,000 after acquiring an additional 35,878 shares during the last quarter. Institutional investors and hedge funds own 77.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Canaccord Genuity Group set a $15.00 price target on shares of Upland Software in a research note on Thursday, July 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Upland Software in a report on Monday, June 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of Upland Software in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.50.

Upland Software Company Profile

Upland Software, Inc is a provider of enterprise work management software delivered through a cloud-based, software-as-a-service model. The company offers a suite of integrated applications designed to help organizations plan, execute and measure work across various business functions including project management, marketing workflows, document automation and contract management.

Its flagship product lines include Upland PSA for professional services automation, Upland Bluebeam for digital collaboration in architecture and engineering workflows, Upland Qvidian for proposal automation, and Upland Pinpoint for customer communication management.