Wall Street analysts forecast that Upland Software Inc (NASDAQ:UPLD) will report sales of $27.15 million for the current quarter, Zacks reports. Five analysts have made estimates for Upland Software’s earnings, with estimates ranging from $27.00 million to $27.28 million. Upland Software posted sales of $19.37 million during the same quarter last year, which would indicate a positive year over year growth rate of 40.2%. The company is scheduled to issue its next earnings report on Thursday, March 22nd.
According to Zacks, analysts expect that Upland Software will report full-year sales of $27.15 million for the current year, with estimates ranging from $97.10 million to $97.39 million. For the next fiscal year, analysts forecast that the firm will report sales of $122.05 million per share, with estimates ranging from $120.00 million to $125.46 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Upland Software.
Several brokerages recently commented on UPLD. ValuEngine raised shares of Upland Software from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Zacks Investment Research lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, BidaskClub raised shares of Upland Software from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Upland Software presently has an average rating of “Buy” and a consensus price target of $26.40.
Upland Software (NASDAQ:UPLD) opened at $22.63 on Tuesday. The company has a market cap of $470.15, a P/E ratio of -23.57, a P/E/G ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.28 and a quick ratio of 1.28. Upland Software has a 1 year low of $11.62 and a 1 year high of $25.56.
In other Upland Software news, major shareholder Systems Corp Wave sold 360,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $22.00, for a total transaction of $7,920,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John T. Mcdonald sold 67,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $22.53, for a total transaction of $1,520,775.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,072,016 shares of company stock valued at $45,698,427 over the last three months. 30.20% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp raised its position in Upland Software by 16.1% during the 4th quarter. Mackenzie Financial Corp now owns 31,815 shares of the software maker’s stock worth $689,000 after buying an additional 4,420 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Upland Software by 62.5% during the 4th quarter. Bessemer Group Inc. now owns 15,600 shares of the software maker’s stock valued at $338,000 after purchasing an additional 6,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Upland Software by 784.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock valued at $158,000 after purchasing an additional 6,367 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Upland Software by 30.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 28,983 shares of the software maker’s stock valued at $613,000 after purchasing an additional 6,763 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of Upland Software during the 2nd quarter valued at approximately $172,000. 36.85% of the stock is owned by institutional investors.
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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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