Upland Software Inc. (UPLD) looking to reclaim success with recent performance

Upland Software Inc. (NASDAQ: UPLD) stock jumped 2.05% on Wednesday to $7.48 against a previous-day closing price of $7.33. With 0.22 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.41 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $7.66 whereas the lowest price it dropped to was $7.30. The 52-week range on UPLD shows that it touched its highest point at $21.62 and its lowest point at $6.43 during that stretch. It currently has a 1-year price target of $14.17. Beta for the stock currently stands at 0.76.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UPLD was down-trending over the past week, with a drop of -7.31%, but this was up by 0.27% over a month. Three-month performance dropped to -33.09% while six-month performance fell -42.15%. The stock lost -64.41% in the past year, while it has lost -58.31% so far this year. A look at the trailing 12-month EPS for UPLD yields -1.72 with Next year EPS estimates of 1.50. For the next quarter, that number is 0.40. This implies an EPS growth rate of 0.10% for this year and -19.16% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -18.60%.

Float and Shares Shorts:

At present, 31.66 million UPLD shares are outstanding with a float of 27.25 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.24 million, which was 3.94% higher than short shares on Sep 14, 2022. In addition to Mr. John T. McDonald J.D. as the firm’s Founder, Pres, CEO & Chairman, Mr. Michael D. Hill serves as its CFO & Treasurer.


Institutional Ownership:

Through their ownership of 69.99% of UPLD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 38.22% of UPLD, in contrast to 37.88% held by mutual funds. Shares owned by individuals account for 26.83%. As the largest shareholder in UPLD with 6.55% of the stake, The Vanguard Group, Inc. holds 2,080,293 shares worth 2,080,293. A second-largest stockholder of UPLD, BlackRock Fund Advisors, holds 1,820,364 shares, controlling over 5.73% of the firm’s shares. Marathon Asset Management Ltd. is the third largest shareholder in UPLD, holding 1,327,021 shares or 4.18% stake. With a 3.39% stake in UPLD, the Vanguard Global Equity Fund is the largest stakeholder. A total of 1,077,599 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.18% of UPLD stock, is the second-largest Mutual Fund holder. It holds 693,747 shares valued at 5.58 million. iShares Russell 2000 ETF holds 1.96% of the stake in UPLD, owning 622,424 shares worth 5.0 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UPLD since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With UPLD analysts setting a high price target of $25.00 and a low target of $8.00, the average target price over the next 12 months is $12.71. Based on these targets, UPLD could surge 234.22% to reach the target high and rise by 6.95% to reach the target low. Reaching the average price target will result in a growth of 69.92% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. UPLD will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of $1.91 being high and $1.74 being low. For UPLD, this leads to a yearly average estimate of $1.85. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Upland Software Inc. surprised analysts by $0.09 when it reported $0.50 EPS against a consensus estimate of $0.41. The surprise factor in the prior quarter was $0.12. Based on analyst estimates, the high estimate for the next quarter is $0.45 and the low estimate is $0.28. The average estimate for the next quarter is thus $0.39.

Summary of Insider Activity:

Insiders traded UPLD stock several times over the past three months with 1 Buys and 8 Sells. In these transactions, 11,668 shares were bought while 25,777 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 637,091 while 264,330 shares were sold.

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