Upland Software (NASDAQ:UPLD) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Upland Software (NASDAQ:UPLD) posted its quarterly earnings results on Wednesday. The software maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05, Zacks reports. Upland Software had a negative net margin of 44.92% and a positive return on equity of 50.06%.

Upland Software Price Performance

NASDAQ UPLD traded up $0.14 during trading hours on Wednesday, reaching $3.00. 139,076 shares of the company’s stock were exchanged, compared to its average volume of 340,523. The firm has a fifty day moving average of $4.00 and a 200-day moving average of $3.35. Upland Software has a one year low of $1.79 and a one year high of $5.64. The stock has a market cap of $82.19 million, a PE ratio of -0.66 and a beta of 1.40. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Upland Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Upland Software presently has a consensus rating of “Moderate Buy” 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.