Upland Software (NASDAQ:UPLD) Announces Earnings Results, Beats Estimates By $0.03 EPS

Upland Software (NASDAQ:UPLD) announced its earnings results on Friday. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03, FiscalAI reports. Upland Software had a negative net margin of 17.94% and a negative return on equity of 58.67%. The business had revenue of $48.69 million for 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. Upland Software has a 1 year low of $0.50 and a 1 year high of $3.91. The company has a market cap of $17.91 million, a PE ratio of -0.87 and a beta of 1.22. The company’s 50-day moving average is $0.68 and its two-hundred day moving average is $1.30.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UPLD. Russell Investments Group Ltd. increased its stake in shares of Upland Software by 486.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 186,048 shares of the software maker’s stock valued at $441,000 after acquiring an additional 154,298 shares during the last quarter. 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 acquiring an additional 128,200 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Upland Software by 35.4% in the 3rd quarter. Two Sigma Investments LP now owns 352,699 shares of the software maker’s stock valued at $836,000 after acquiring an additional 92,266 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Upland Software in the 3rd quarter valued at about $213,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of Upland Software in the 2nd quarter valued at about $122,000. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPLD has been the topic of several analyst reports. Canaccord Genuity Group lowered their price target on shares of Upland Software from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Upland Software in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.67.

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.