Upland Software (NASDAQ:UPLD) Announces Quarterly Earnings Results

by · The Cerbat Gem

Upland Software (NASDAQ:UPLD – Get Free Report) posted its earnings results on Tuesday. The software maker reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05, FiscalAI reports. Upland Software had a negative net margin of 18.43% and a negative return on equity of 80.37%. The business had revenue of $49.31 million for the quarter, compared to the consensus estimate of $50.30 million.

Upland Software Stock Down 11.6%

NASDAQ:UPLD opened at $0.78 on Tuesday. The stock has a market capitalization of $22.48 million, a price-to-earnings ratio of -0.44 and a beta of 1.27. The stock’s fifty day moving average is $1.31 and its two-hundred day moving average is $1.86. Upland Software has a 52 week low of $0.85 and a 52 week high of $3.91.

Institutional Trading of Upland Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new position in Upland Software during the 3rd quarter worth approximately $32,000. NewEdge Advisors LLC boosted its holdings in Upland Software by 697.1% in the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock valued at $34,000 after acquiring an additional 10,442 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Upland Software in the 3rd quarter worth about $34,000. Centiva Capital LP purchased a new stake in shares of Upland Software during the 3rd quarter worth about $52,000. Finally, XTX Topco Ltd increased its position in Upland Software by 63.5% during the 2nd quarter. XTX Topco Ltd now owns 28,797 shares of the software maker’s stock worth $56,000 after purchasing an additional 11,187 shares in the last quarter. Institutional investors and hedge funds own 77.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Upland Software from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Upland Software in a research report on Wednesday, January 21st. Two equities research 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 a consensus rating of “Hold” and a consensus target price of $4.00.

Get Our Latest Analysis on Upland Software

About Upland Software

(Get Free Report)

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.

See Also