Analysts Expect Upland Software Inc (UPLD) Will Announce Quarterly Sales of $27.15 Million

Equities analysts expect Upland Software Inc (NASDAQ:UPLD) to post $27.15 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Upland Software’s earnings. The highest sales estimate is $27.28 million and the lowest is $27.00 million. Upland Software reported sales of $19.37 million during the same quarter last year, which indicates a positive year over year growth rate of 40.2%. The firm is expected to report 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 financial year, with estimates ranging from $97.10 million to $97.39 million. For the next year, analysts anticipate that the company will post sales of $122.05 million per share, with estimates ranging from $120.00 million to $125.46 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Upland Software.

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

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. BidaskClub raised shares of Upland Software from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, ValuEngine lowered shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Upland Software presently has an average rating of “Hold” and a consensus target price of $26.40.

Shares of Upland Software (NASDAQ:UPLD) opened at $22.95 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.28 and a current ratio of 1.28. Upland Software has a 52 week low of $11.61 and a 52 week high of $25.56.

In related news, CEO John T. Mcdonald sold 35,196 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $21.44, for a total transaction of $754,602.24. Following the sale, the chief executive officer now owns 1,922,022 shares of the company’s stock, valued at $41,208,151.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Systems Corp Wave sold 1,460,862 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $22.00, for a total transaction of $32,138,964.00. The disclosure for this sale can be found here. Insiders have sold 2,039,712 shares of company stock worth $44,932,254 in the last three months. 30.20% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Pembroke Management LTD boosted its stake in Upland Software by 23.4% during the fourth quarter. Pembroke Management LTD now owns 768,900 shares of the software maker’s stock worth $16,654,000 after acquiring an additional 145,800 shares in the last quarter. Vanguard Group Inc. raised its holdings in Upland Software by 55.3% in the second quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock worth $8,883,000 after buying an additional 143,808 shares during the last quarter. Lyon Street Capital LLC raised its holdings in Upland Software by 16.8% in the third quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock worth $8,229,000 after buying an additional 55,965 shares during the last quarter. Boston Advisors LLC purchased a new position in Upland Software in the fourth quarter worth about $5,688,000. Finally, UBS Asset Management Americas Inc. purchased a new position in Upland Software in the second quarter worth about $5,584,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

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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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