Upland Software (NASDAQ:UPLD) Announces Earnings Results

Upland Software (NASDAQ:UPLD) released 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 return on equity of 58.67% and a negative net margin of 17.94%.The business had revenue of $48.69 million during the quarter, compared to the consensus estimate of $48.50 million.

Upland Software Trading Down 2.4%

Shares of NASDAQ UPLD traded down $0.01 during mid-day trading on Friday, hitting $0.61. The company had a trading volume of 776,341 shares, compared to its average volume of 276,322. The company has a market capitalization of $17.91 million, a price-to-earnings ratio of -0.39 and a beta of 1.34. Upland Software has a 1 year low of $0.50 and a 1 year high of $3.91. The stock’s 50-day moving average price is $0.68 and its 200-day moving average price is $1.31.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UPLD. Weiss Ratings reissued a “sell (d-)” rating on shares of Upland Software in a research report on Wednesday, January 21st. Canaccord Genuity Group decreased their target price on Upland Software from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.67.

Hedge Funds Weigh In On Upland Software

Several hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its position in shares of Upland Software by 10.8% in the third quarter. Ameriprise Financial Inc. now owns 1,320,696 shares of the software maker’s stock valued at $3,130,000 after purchasing an additional 128,200 shares in the last quarter. Marshall Wace LLP grew its position in shares of Upland Software by 5.3% in the fourth quarter. Marshall Wace LLP now owns 472,503 shares of the software maker’s stock valued at $676,000 after purchasing an additional 23,855 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Upland Software by 35.4% in the third quarter. Two Sigma Investments LP now owns 352,699 shares of the software maker’s stock valued at $836,000 after purchasing an additional 92,266 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Upland Software by 41.0% in the fourth quarter. Russell Investments Group Ltd. now owns 262,389 shares of the software maker’s stock valued at $375,000 after purchasing an additional 76,341 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Upland Software by 34.7% in the fourth quarter. Squarepoint Ops LLC now owns 139,197 shares of the software maker’s stock valued at $199,000 after purchasing an additional 35,878 shares in the last quarter. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

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.