BidaskClub upgraded shares of Upland Software (NASDAQ:UPLD) from a sell rating to a hold rating in a report released on Wednesday morning.
A number of other research analysts also recently commented on UPLD. Canaccord Genuity reaffirmed a buy rating and set a $40.00 price objective on shares of Upland Software in a research note on Monday, December 17th. ValuEngine downgraded shares of Upland Software from a buy rating to a hold rating in a research note on Monday, November 12th. Finally, Raymond James upped their price objective on shares of Upland Software from $38.00 to $42.00 and gave the company an outperform rating in a research note on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Upland Software presently has an average rating of Buy and a consensus price target of $34.64.
Shares of NASDAQ UPLD traded down $0.08 on Wednesday, reaching $28.34. 8,513 shares of the company traded hands, compared to its average volume of 262,600. Upland Software has a fifty-two week low of $20.95 and a fifty-two week high of $38.30. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $597.82 million, a P/E ratio of 34.10, a P/E/G ratio of 1.24 and a beta of 0.49.
Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, November 8th. The software maker reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.21. Upland Software had a negative net margin of 12.40% and a positive return on equity of 20.76%. The company had revenue of $37.10 million during the quarter, compared to the consensus estimate of $36.56 million. During the same quarter in the prior year, the company posted $0.25 EPS. The company’s quarterly revenue was up 42.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Upland Software will post 0.91 EPS for the current year.
In other Upland Software news, CEO John T. Mcdonald sold 10,635 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $30.45, for a total value of $323,835.75. Following the completion of the transaction, the chief executive officer now owns 1,581,652 shares in the company, valued at approximately $48,161,303.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John T. Mcdonald sold 9,505 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $30.50, for a total value of $289,902.50. Following the completion of the transaction, the chief executive officer now owns 1,581,652 shares of the company’s stock, valued at approximately $48,240,386. The disclosure for this sale can be found here. 14.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPLD. Sei Investments Co. boosted its holdings in Upland Software by 385.1% in the 2nd quarter. Sei Investments Co. now owns 10,919 shares of the software maker’s stock worth $375,000 after acquiring an additional 8,668 shares during the period. Rhumbline Advisers purchased a new position in Upland Software in the 2nd quarter worth approximately $500,000. Bank of New York Mellon Corp boosted its holdings in Upland Software by 247.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 89,890 shares of the software maker’s stock worth $3,089,000 after acquiring an additional 64,030 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Upland Software by 113.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,900 shares of the software maker’s stock worth $1,166,000 after acquiring an additional 18,000 shares during the period. Finally, American Century Companies Inc. purchased a new position in Upland Software in the 2nd quarter worth approximately $937,000. Hedge funds and other institutional investors own 59.22% of the company’s stock.
Upland Software Company Profile
Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.
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