Upland Software Inc (UPLD) Expected to Announce Quarterly Sales of $27.15 Million

Wall Street analysts forecast that Upland Software Inc (NASDAQ:UPLD) will announce sales of $27.15 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Upland Software’s earnings. The lowest sales estimate is $27.00 million and the highest is $27.28 million. Upland Software posted sales of $19.37 million in the same quarter last year, which suggests a positive year-over-year growth rate of 40.2%. The business is scheduled to issue its next earnings report on Thursday, March 22nd.

On average, analysts expect that Upland Software will report full year sales of $27.15 million for the current fiscal year, with estimates ranging from $97.10 million to $97.39 million. For the next year, analysts anticipate that the business will report sales of $122.05 million per share, with estimates ranging from $120.00 million to $125.46 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Upland Software.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $26.07 million for the quarter, compared to analyst estimates of $25.33 million. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. The business’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS.

Several research analysts recently weighed in on UPLD shares. BidaskClub raised Upland Software from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. ValuEngine lowered Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research raised Upland Software from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Upland Software presently has a consensus rating of “Buy” and a consensus target price of $26.40.

Shares of Upland Software (NASDAQ:UPLD) traded up $0.06 on Thursday, hitting $22.66. The company had a trading volume of 95,500 shares, compared to its average volume of 149,518. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.94. The stock has a market cap of $469.53, a price-to-earnings ratio of -23.60, a P/E/G ratio of 1.43 and a beta of 0.54. Upland Software has a twelve month low of $10.27 and a twelve month high of $25.56.

In related news, CEO John T. Mcdonald sold 35,196 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $21.44, for a total value of $754,602.24. Following the completion of the sale, the chief executive officer now directly owns 1,922,022 shares in the company, valued at approximately $41,208,151.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Douglass Hill sold 20,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $24.31, for a total value of $486,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,039,712 shares of company stock valued at $44,932,254. 30.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pembroke Management LTD increased its holdings in Upland Software by 4.0% in the 3rd quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock valued at $13,185,000 after purchasing an additional 24,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Upland Software by 55.3% during the second quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock valued at $8,883,000 after acquiring an additional 143,808 shares in the last quarter. Lyon Street Capital LLC grew its stake in shares of Upland Software by 16.8% during the third quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock valued at $8,229,000 after acquiring an additional 55,965 shares in the last quarter. Precept Management LLC grew its stake in Upland Software by 41.3% in the second quarter. Precept Management LLC now owns 278,700 shares of the software maker’s stock worth $6,129,000 after purchasing an additional 81,425 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in Upland Software in the second quarter worth about $5,584,000. Hedge funds and other institutional investors own 30.10% of the company’s stock.

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Upland Software Company Profile

Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.

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