Brokerages Expect Upland Software Inc (UPLD) Will Post Quarterly Sales of $36.50 Million

Analysts predict that Upland Software Inc (NASDAQ:UPLD) will report $36.50 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Upland Software’s earnings, with the lowest sales estimate coming in at $36.36 million and the highest estimate coming in at $36.74 million. Upland Software reported sales of $26.07 million during the same quarter last year, which indicates a positive year over year growth rate of 40%. The firm is expected to announce its next earnings results after the market closes on Thursday, November 8th.

On average, analysts expect that Upland Software will report full year sales of $145.84 million for the current fiscal year, with estimates ranging from $145.52 million to $146.10 million. For the next year, analysts anticipate that the business will report sales of $172.09 million, with estimates ranging from $170.62 million to $174.23 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Upland Software.

Upland Software (NASDAQ:UPLD) last issued its quarterly earnings results on Wednesday, August 8th. The software maker reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $35.95 million during the quarter, compared to analysts’ expectations of $34.06 million. Upland Software had a positive return on equity of 19.31% and a negative net margin of 12.92%. Upland Software’s revenue was up 54.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.33) EPS.

Several equities research analysts recently commented on the stock. Needham & Company LLC boosted their price target on shares of Upland Software from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, June 29th. BidaskClub lowered shares of Upland Software from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Canaccord Genuity boosted their price target on shares of Upland Software from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, June 29th. ValuEngine lowered shares of Upland Software from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Roth Capital raised shares of Upland Software from a “neutral” rating to a “buy” rating and cut their price target for the stock from $26.00 to $11.50 in a report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.64.

In other Upland Software news, insider Epm Live, Inc. sold 55,101 shares of Upland Software stock in a transaction on Monday, August 13th. The shares were sold at an average price of $36.32, for a total transaction of $2,001,268.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Timothy Mattox sold 1,099 shares of Upland Software stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $38.00, for a total transaction of $41,762.00. Following the sale, the chief operating officer now directly owns 449,690 shares in the company, valued at approximately $17,088,220. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,149,107 shares of company stock worth $40,331,178. 14.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning boosted its stake in Upland Software by 22.2% during the 2nd quarter. Creative Planning now owns 11,000 shares of the software maker’s stock worth $378,000 after purchasing an additional 2,000 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its stake in Upland Software by 42.8% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 6,726 shares of the software maker’s stock worth $231,000 after purchasing an additional 2,016 shares during the last quarter. BlueMountain Capital Management LLC boosted its stake in Upland Software by 19.2% during the 2nd quarter. BlueMountain Capital Management LLC now owns 15,101 shares of the software maker’s stock worth $519,000 after purchasing an additional 2,436 shares during the last quarter. Bank of America Corp DE boosted its stake in Upland Software by 13.9% during the 2nd quarter. Bank of America Corp DE now owns 26,825 shares of the software maker’s stock worth $922,000 after purchasing an additional 3,266 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in Upland Software by 26.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 18,754 shares of the software maker’s stock worth $645,000 after purchasing an additional 3,900 shares during the last quarter. 52.08% of the stock is currently owned by institutional investors.

NASDAQ UPLD traded down $0.56 on Friday, hitting $29.99. The company had a trading volume of 90,000 shares, compared to its average volume of 215,919. The firm has a market cap of $679.07 million, a PE ratio of 36.13, a PEG ratio of 1.92 and a beta of 0.48. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.65 and a current ratio of 0.65. Upland Software has a 12-month low of $18.52 and a 12-month high of $38.30.

About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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