Upland Software (UPLD) Set to Announce Quarterly Earnings on Wednesday

Upland Software (NASDAQ:UPLDGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 3rd. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Upland Software (NASDAQ:UPLDGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The software maker reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. Upland Software had a negative net margin of 19.68% and a positive return on equity of 6.55%. The firm had revenue of $78.72 million during the quarter, compared to the consensus estimate of $76.77 million. During the same period last year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts expect Upland Software to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Upland Software Trading Down 0.9 %

Shares of UPLD stock opened at $11.32 on Monday. Upland Software has a 12-month low of $10.82 and a 12-month high of $39.90. The company has a market capitalization of $354.55 million, a P/E ratio of -5.78 and a beta of 0.86. The firm has a 50-day moving average price of $13.55 and a 200 day moving average price of $15.78. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.57.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UPLD. Needham & Company LLC dropped their target price on shares of Upland Software from $40.00 to $25.00 in a research note on Thursday, May 5th. Truist Financial dropped their target price on shares of Upland Software from $30.00 to $20.00 in a research note on Friday, July 15th. Finally, Jefferies Financial Group dropped their target price on shares of Upland Software from $17.00 to $14.00 in a research note on Monday, May 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Institutional Investors Weigh In On Upland Software

Institutional investors have recently modified their holdings of the business. Ensign Peak Advisors Inc acquired a new stake in shares of Upland Software during the 1st quarter worth approximately $87,000. Ergoteles LLC acquired a new stake in shares of Upland Software during the 1st quarter worth approximately $181,000. Baird Financial Group Inc. grew its position in shares of Upland Software by 11.1% during the 1st quarter. Baird Financial Group Inc. now owns 14,656 shares of the software maker’s stock worth $258,000 after buying an additional 1,459 shares during the period. MetLife Investment Management LLC grew its holdings in Upland Software by 56.6% during the first quarter. MetLife Investment Management LLC now owns 15,875 shares of the software maker’s stock valued at $280,000 after purchasing an additional 5,736 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Upland Software by 50.0% during the first quarter. BNP Paribas Arbitrage SA now owns 17,823 shares of the software maker’s stock valued at $314,000 after purchasing an additional 5,944 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Upland Software Company Profile

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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 for Upland Software (NASDAQ:UPLD)

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