Upland Software (NASDAQ:UPLD) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Upland Software (NASDAQ:UPLD) from a buy rating to a hold rating in a report released on Tuesday morning.

Several other research firms have also recently issued reports on UPLD. Roth Mkm reiterated a sell rating and issued a $2.50 target price (down from $3.00) on shares of Upland Software in a research note on Tuesday, May 7th. William Blair reiterated an outperform rating on shares of Upland Software in a research note on Friday, May 3rd. Needham & Company LLC reiterated a hold rating on shares of Upland Software in a research note on Friday, May 3rd. Finally, Canaccord Genuity Group reduced their price objective on shares of Upland Software from $7.00 to $5.00 and set a buy rating for the company in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $3.75.

Upland Software Stock Performance

Shares of NASDAQ UPLD opened at $2.60 on Tuesday. 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 has a 50 day simple moving average of $2.62 and a two-hundred day simple moving average of $3.28. Upland Software has a 12 month low of $1.89 and a 12 month high of $5.28. The stock has a market cap of $71.73 million, a price-to-earnings ratio of -0.55 and a beta of 1.13.

Upland Software (NASDAQ:UPLD) last posted its earnings results on Thursday, May 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.09. Upland Software had a negative net margin of 46.64% and a positive return on equity of 13.87%. The firm had revenue of $70.74 million during the quarter, compared to analysts’ expectations of $68.29 million. As a group, analysts predict that Upland Software will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On Upland Software

A number of large investors have recently added to or reduced their stakes in UPLD. B. Riley Asset Management LLC grew its holdings in shares of Upland Software by 1.6% during the third quarter. B. Riley Asset Management LLC now owns 1,567,243 shares of the software maker’s stock worth $7,241,000 after buying an additional 25,000 shares in the last quarter. First Dallas Securities Inc. grew its holdings in shares of Upland Software by 1,896.2% during the third quarter. First Dallas Securities Inc. now owns 1,427,314 shares of the software maker’s stock worth $6,594,000 after buying an additional 1,355,814 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Upland Software by 21.0% during the fourth quarter. First Eagle Investment Management LLC now owns 839,183 shares of the software maker’s stock worth $3,550,000 after buying an additional 145,405 shares in the last quarter. Verdad Advisers LP purchased a new stake in shares of Upland Software during the fourth quarter worth $337,000. Finally, Barclays PLC grew its holdings in shares of Upland Software by 100.3% during the third quarter. Barclays PLC now owns 70,663 shares of the software maker’s stock worth $326,000 after buying an additional 35,378 shares in the last quarter. 77.78% of the stock is currently owned by institutional investors and hedge funds.

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.