Upland Software (NASDAQ:UPLD – Get Free Report) issued its earnings results on Wednesday. The software maker reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.11, FiscalAI reports. The business had revenue of $47.53 million for the quarter, compared to analysts’ expectations of $47.20 million. Upland Software had a negative net margin of 18.44% and a negative return on equity of 38.17%.
Upland Software Stock Down 16.4%
NASDAQ:UPLD opened at $3.93 on Friday. The stock has a market cap of $11.63 million, a P/E ratio of 0.74 and a beta of 1.42. The business’s 50-day moving average price is $3.69 and its two-hundred day moving average price is $6.33. Upland Software has a twelve month low of $2.75 and a twelve month high of $21.50.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on UPLD shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Upland Software in a report on Friday, September 25th. Needham & Company LLC reduced their price objective on shares of Upland Software from $10.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.50.
Upland Software Company Profile
Upland Software, Inc is an enterprise software company that develops cloud-based applications for managing work, customer relationships and business processes. Its software is designed to help organizations automate workflows, organize information, improve collaboration and measure operational performance across departments.
Upland’s product portfolio has included solutions for project and portfolio management, enterprise content management, knowledge management, customer experience, customer service, sales enablement, communications and information technology service management.
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