Upland Software (NASDAQ:UPLD) Posts Earnings Results, Beats Expectations By $0.27 EPS

Upland Software (NASDAQ:UPLD) posted its earnings results on Friday. The software maker reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.27, FiscalAI reports. The firm had revenue of $49.14 million for the quarter, compared to analysts’ expectations of $48.61 million. Upland Software had a negative return on equity of 51.46% and a negative net margin of 7.08%.

Upland Software Price Performance

Shares of NASDAQ:UPLD traded down $0.60 during trading on Friday, hitting $5.50. 67,971 shares of the company’s stock were exchanged, compared to its average volume of 29,344. Upland Software has a 52-week low of $4.00 and a 52-week high of $39.10. The business’s 50-day simple moving average is $5.15 and its 200 day simple moving average is $7.13. The company has a market cap of $16.13 million, a price-to-earnings ratio of -0.76 and a beta of 1.44.

Analyst Ratings Changes

A number of research analysts recently weighed in on UPLD shares. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of Upland Software in a research report on Tuesday, July 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Upland Software in a research note on Monday, June 29th. Finally, Canaccord Genuity Group set a $15.00 price objective on shares of Upland Software in a research report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.50.

Institutional Trading of Upland Software

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP purchased a new position in Upland Software during the third quarter worth $32,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Upland Software during the 3rd quarter worth approximately $34,000. NewEdge Advisors LLC grew its position in Upland Software by 697.1% in the 1st 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. Centiva Capital LP purchased a new stake in shares of Upland Software during the third quarter valued at $52,000. Finally, XTX Topco Ltd purchased a new position in Upland Software in the 4th quarter worth about $56,000. 77.78% of the stock is currently owned by institutional investors.

About Upland Software

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.