Upland Software, Inc. to Post Q2 2024 Earnings of $0.04 Per Share, Roth Capital Forecasts (NASDAQ:UPLD)

Upland Software, Inc. (NASDAQ:UPLD - Free Report) - Analysts at Roth Capital issued their Q2 2024 EPS estimates for shares of Upland Software in a report released on Tuesday, May 7th. Roth Capital analyst R. Baldry expects that the software maker will earn $0.04 per share for the quarter. Roth Capital also issued estimates for Upland Software's Q3 2024 earnings at $0.04 EPS, Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.23 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $0.15 EPS.

A number of other equities research analysts have also recently commented on UPLD. William Blair reissued an "outperform" rating on shares of Upland Software in a research report on Friday, May 3rd. Canaccord Genuity Group lowered their price target on Upland Software from $7.00 to $5.00 and set a "buy" rating for the company in a report on Friday, May 3rd. StockNews.com raised shares of Upland Software from a "hold" rating to a "buy" rating in a research report on Monday. Roth Mkm reissued a "sell" rating and set a $2.50 target price (down previously from $3.00) on shares of Upland Software in a research report on Tuesday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $3.75.

Upland Software Stock Down 5.7 %

Shares of UPLD traded down $0.17 during trading hours on Friday, hitting $2.80. The company had a trading volume of 426,095 shares, compared to its average volume of 1,414,926. Upland Software has a one year low of $1.89 and a one year high of $5.28. The company has a market capitalization of $77.25 million, a PE ratio of -0.59 and a beta of 1.01. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 23.49. The company's fifty day moving average price is $2.61 and its two-hundred day moving average price is $3.67.

Hedge Funds Weigh In On Upland Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System acquired a new stake in shares of Upland Software in the first quarter valued at approximately $34,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Upland Software during the 1st quarter worth approximately $37,000. Pingora Partners LLC purchased a new stake in shares of Upland Software during the 4th quarter valued at approximately $50,000. Oxford Asset Management LLP acquired a new position in Upland Software in the fourth quarter valued at approximately $52,000. Finally, Mackenzie Financial Corp purchased a new position in Upland Software in the third quarter worth approximately $54,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

Upland Software Company Profile

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.