Upland Software (NASDAQ:UPLD) Announces Earnings Results

Upland Software (NASDAQ:UPLD) issued its earnings results on Friday. The software maker reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03, FiscalAI reports. Upland Software had a negative return on equity of 58.67% and a negative net margin of 17.94%.The business had revenue of $48.69 million during the quarter, compared to analyst estimates of $48.50 million.

Upland Software Trading Down 2.4%

Upland Software stock opened at $0.61 on Friday. The firm has a 50 day moving average of $0.68 and a 200 day moving average of $1.31. The firm has a market capitalization of $17.91 million, a price-to-earnings ratio of -0.39 and a beta of 1.34. Upland Software has a 12-month low of $0.50 and a 12-month high of $3.91.

Analyst Ratings Changes

UPLD has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Upland Software in a research report on Wednesday, January 21st. Canaccord Genuity Group decreased their target price on Upland Software from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Upland Software currently has an average rating of “Moderate Buy” and a consensus price target of $3.67.

Institutional Investors Weigh In On Upland Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC increased its holdings in Upland Software by 21.1% in the 3rd quarter. Squarepoint Ops LLC now owns 103,319 shares of the software maker’s stock worth $245,000 after acquiring an additional 18,034 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Upland Software in the 3rd quarter worth approximately $213,000. Goldman Sachs Group Inc. increased its holdings in Upland Software by 15.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 103,825 shares of the software maker’s stock worth $148,000 after acquiring an additional 13,585 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in Upland Software in the 2nd quarter worth approximately $122,000. Finally, Boston Partners purchased a new stake in Upland Software in the 3rd quarter worth approximately $121,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

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.