In today’s recent session, 0.6 million shares of the Upland Software Inc (NASDAQ:UPLD) have been traded, and its beta is 1.16. Most recently the company’s share price was $3.00, and it changed around $0.47 or 18.66% from the last close, which brings the market valuation of the company to $81.42M. UPLD at last check was trading at a discount to its 52-week high of $5.28, offering almost -76.0% off that amount. The share price’s 52-week low was $1.79, which indicates that the recent value has risen by an impressive 40.33% since then. We note from Upland Software Inc’s average daily trading volume that its 10-day average is 0.2 million shares, with the 3-month average coming to 123.72K.
Upland Software Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended UPLD as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight. Upland Software Inc is expected to report earnings per share of 0.2 for the current quarter.
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Upland Software Inc (NASDAQ:UPLD) trade information
Instantly UPLD has been showing a green trend so far today with a performance of 18.66% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.43 on recent trading dayincreased the stock’s daily price by 12.54%. The company’s shares are currently down -29.03% year-to-date, but still up 9.96% over the last five days. On the other hand, Upland Software Inc (NASDAQ:UPLD) is 27.74% up in the 30-day period. We can see from the shorts that 0.22 million shares have been sold at a short interest cover period of 2.3 day(s).
The consensus price target as assigned by Wall Street analysts is $15.5, which translates to bulls needing to increase their stock price by 80.65% from its current value. Analyst projections state that UPLD is forecast to be at a low of $2.5 and a high of $25.
Upland Software Inc (UPLD) estimates and forecasts
Upland Software Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 7.60 percent over the past six months and at a -15.46% annual growth rate that is well below the industry average of 23.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 45.71% in revenue this quarter, and will report an increase of 7.37% in the next quarter. The year-over-year growth rate is expected to be -7.80%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 67.84M in revenue for the current quarter. 5 analysts expect Upland Software Inc to make 67.07M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 72.18M and 70.74M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.01%. Forecasts for the next quarter put sales growth at -5.19%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -60.49%. Upland Software Inc earnings are expected to increase by -2.06% in 2024, but the outlook is positive 5.00% per year for the next five years.
UPLD Dividends
Upland Software Inc’s next quarterly earnings report is expected to be released on 2025-Feb-20.
Upland Software Inc (NASDAQ:UPLD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 19.07% of Upland Software Inc shares, and 59.26% of them are in the hands of institutional investors. The stock currently has a share float of 73.23%. Upland Software Inc stock is held by 94.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 6.5607% of the shares, which is about 1.9 million shares worth $4.72 million.
NEW SOUTH CAPITAL MANAGEMENT INC, with 4.9617% or 1.43 million shares worth $3.57 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
