Upland Software (NASDAQ:UPLD) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Upland Software (NASDAQ:UPLD) released its quarterly earnings results on Thursday. The software maker reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.20, Briefing.com reports. Upland Software had a positive return on equity of 25.43% and a negative net margin of 8.03%. The business had revenue of $55.10 million during the quarter, compared to analysts’ expectations of $55.33 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company’s quarterly revenue was up 48.5% compared to the same quarter last year.

NASDAQ:UPLD traded down $4.37 during trading hours on Friday, hitting $35.01. The company’s stock had a trading volume of 1,772,000 shares, compared to its average volume of 366,713. The business’s 50-day moving average is $37.65 and its two-hundred day moving average is $42.80. The company has a market capitalization of $962.47 million, a PE ratio of 29.67, a PEG ratio of 0.87 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.46 and a current ratio of 1.46. Upland Software has a 52-week low of $25.12 and a 52-week high of $54.87.

Several research analysts have issued reports on UPLD shares. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Saturday, October 5th. ValuEngine cut Upland Software from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. Raymond James increased their price objective on Upland Software from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Credit Suisse Group started coverage on Upland Software in a research report on Wednesday. They issued an “outperform” rating and a $48.00 price objective for the company. Finally, Craig Hallum increased their price objective on Upland Software from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $50.67.

In other Upland Software news, Director Stephen E. Courter sold 1,450 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $34.42, for a total value of $49,909.00. Following the completion of the transaction, the director now owns 11,651 shares in the company, valued at $401,027.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David May sold 20,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $42.81, for a total value of $856,200.00. Following the completion of the transaction, the director now owns 65,773 shares of the company’s stock, valued at approximately $2,815,742.13. The disclosure for this sale can be found here. Corporate insiders own 11.60% of the company’s stock.

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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Earnings History for Upland Software (NASDAQ:UPLD)

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