Upland Software, Inc. (NASDAQ:UPLD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Upland Software, Inc. (NASDAQ:UPLD) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $3.75.

Several equities research analysts recently weighed in on the company. William Blair restated an “outperform” rating on shares of Upland Software in a research note on Friday, May 3rd. Canaccord Genuity Group lowered their target price on shares of 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 upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Friday. Roth Capital upgraded shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Finally, Roth Mkm reiterated 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, May 7th.

Upland Software Trading Up 12.4 %

NASDAQ UPLD opened at $2.17 on Friday. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.28. The firm has a 50 day moving average of $2.39 and a two-hundred day moving average of $2.79. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 72.71. The stock has a market capitalization of $59.18 million, a PE ratio of -0.46 and a beta of 1.14.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, August 1st. The software maker reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). Upland Software had a positive return on equity of 19.98% and a negative net margin of 46.18%. The firm had revenue of $69.34 million for the quarter, compared to analyst estimates of $67.91 million. During the same quarter in the previous year, the firm posted $0.04 EPS. As a group, research analysts expect that Upland Software will post 0.17 EPS for the current fiscal year.

Insider Activity at Upland Software

In other Upland Software news, CEO John T. Mcdonald acquired 33,635 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $1.98 per share, with a total value of $66,597.30. Following the transaction, the chief executive officer now owns 297,373 shares of the company’s stock, valued at approximately $588,798.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Upland Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System acquired a new stake in Upland Software during the 1st quarter worth approximately $34,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Upland Software in the 1st quarter valued at $37,000. Pingora Partners LLC acquired a new position in Upland Software in the 4th quarter valued at $50,000. Oxford Asset Management LLP purchased a new position in Upland Software during the 4th quarter worth $52,000. Finally, Mackenzie Financial Corp lifted its stake in shares of Upland Software by 74.6% in the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after acquiring an additional 12,898 shares during the period. Hedge funds and other institutional investors own 77.78% of the company’s stock.

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.