Analysts expect that Upland Software Inc (NASDAQ:UPLD) will announce $54.69 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Upland Software’s earnings. The highest sales estimate is $55.14 million and the lowest is $54.30 million. Upland Software reported sales of $37.14 million in the same quarter last year, which indicates a positive year-over-year growth rate of 47.3%. The firm is scheduled to announce its next earnings results on Thursday, November 14th.

On average, analysts expect that Upland Software will report full year sales of $212.48 million for the current financial year, with estimates ranging from $211.67 million to $213.42 million. For the next fiscal year, analysts forecast that the company will report sales of $230.88 million, with estimates ranging from $222.70 million to $235.80 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Upland Software.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.21. Upland Software had a negative net margin of 8.03% and a positive return on equity of 25.43%. The firm had revenue of $53.01 million during the quarter, compared to analysts’ expectations of $51.51 million. During the same quarter in the prior year, the company earned ($0.26) EPS. The company’s revenue was up 47.5% compared to the same quarter last year.

A number of equities research analysts recently commented on the stock. Canaccord Genuity reissued a “buy” rating and set a $52.00 target price on shares of Upland Software in a research report on Monday, May 6th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $53.00 target price (up previously from $50.00) on shares of Upland Software in a research report on Monday, June 24th. BidaskClub cut shares of Upland Software from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 17th. Finally, Craig Hallum reissued a “buy” rating and set a $56.00 target price (up previously from $52.00) on shares of Upland Software in a research report on Friday, May 31st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Upland Software currently has a consensus rating of “Buy” and an average target price of $51.88.

A number of institutional investors have recently modified their holdings of the business. Falcon Point Capital LLC increased its stake in Upland Software by 1.3% during the 2nd quarter. Falcon Point Capital LLC now owns 21,536 shares of the software maker’s stock valued at $981,000 after purchasing an additional 268 shares in the last quarter. Van Hulzen Asset Management LLC increased its stake in Upland Software by 8.5% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 5,685 shares of the software maker’s stock valued at $259,000 after purchasing an additional 444 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Upland Software by 77.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock valued at $63,000 after purchasing an additional 608 shares in the last quarter. Aperio Group LLC acquired a new position in Upland Software during the 2nd quarter valued at approximately $28,000. Finally, Legal & General Group Plc increased its stake in Upland Software by 26.6% during the 4th quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock valued at $81,000 after purchasing an additional 622 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Shares of UPLD traded up $0.21 during mid-day trading on Thursday, hitting $42.94. The company’s stock had a trading volume of 231,300 shares, compared to its average volume of 362,055. The company’s 50-day moving average is $44.63 and its 200-day moving average is $42.91. Upland Software has a 52-week low of $25.12 and a 52-week high of $54.87. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 1.41 and a beta of 0.57. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.33.

Upland Software Company Profile

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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