Upland Software (NASDAQ:UPLD) Issues Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Upland Software (NASDAQ:UPLD) announced its quarterly earnings data on Thursday. The software maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14), Zacks reports. The company had revenue of $69.34 million for the quarter, compared to the consensus estimate of $67.91 million. Upland Software had a negative net margin of 46.64% and a positive return on equity of 13.87%. During the same quarter in the previous year, the business earned $0.04 EPS. Upland Software updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Upland Software Stock Up 8.2 %

Shares of Upland Software stock traded up $0.19 on Friday, reaching $2.50. The stock had a trading volume of 353,102 shares, compared to its average volume of 386,847. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 23.49. The stock has a market capitalization of $68.98 million, a P/E ratio of -0.52 and a beta of 1.14. The company has a 50 day moving average price of $2.54 and a 200 day moving average price of $2.96. Upland Software has a 1 year low of $1.89 and a 1 year high of $5.28.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research report on Friday. Roth Mkm reiterated a “sell” rating and set a $2.50 target price (down from $3.00) on shares of Upland Software in a report on Tuesday, May 7th. StockNews.com lowered shares of Upland Software from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. William Blair reiterated an “outperform” rating on shares of Upland Software in a research note on Friday, May 3rd. Finally, Canaccord Genuity Group reduced their price objective on shares of Upland Software from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.75.

About Upland Software

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.