Shares of Upland Software, Inc. (NASDAQ:UPLD – Get Rating) has been given a consensus rating of “Hold” by the ten research firms that are currently covering the firm, reports Marketbeat.com. Six analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $8.50.
A number of brokerages have recently issued reports on UPLD. Craig Hallum cut their price objective on shares of Upland Software from $9.00 to $4.00 in a research note on Friday, May 5th. Needham & Company LLC cut shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Friday, February 24th. Canaccord Genuity Group cut their price objective on shares of Upland Software from $15.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, February 27th. Roth Capital cut shares of Upland Software from a “buy” rating to a “neutral” rating in a research note on Friday, February 24th. Finally, Truist Financial cut their price objective on shares of Upland Software from $9.00 to $4.00 in a research note on Monday, May 8th.
Insider Activity at Upland Software
In other news, CEO John T. Mcdonald purchased 10,000 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was bought at an average cost of $4.75 per share, for a total transaction of $47,500.00. Following the acquisition, the chief executive officer now directly owns 263,738 shares of the company’s stock, valued at approximately $1,252,755.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. 7.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in UPLD. B. Riley Asset Management LLC bought a new position in Upland Software in the 1st quarter worth $5,271,000. Hodges Capital Management Inc. raised its holdings in Upland Software by 163.5% in the 4th quarter. Hodges Capital Management Inc. now owns 1,214,258 shares of the software maker’s stock worth $8,658,000 after purchasing an additional 753,448 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Upland Software by 4,599.8% in the 4th quarter. JPMorgan Chase & Co. now owns 754,080 shares of the software maker’s stock worth $5,376,000 after purchasing an additional 738,035 shares in the last quarter. Boothbay Fund Management LLC bought a new position in Upland Software in the 1st quarter worth $2,478,000. Finally, Acadian Asset Management LLC raised its holdings in Upland Software by 716.3% in the 1st quarter. Acadian Asset Management LLC now owns 640,193 shares of the software maker’s stock worth $2,751,000 after purchasing an additional 561,765 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.
Upland Software Trading Up 9.3 %
Shares of Upland Software stock opened at $3.28 on Friday. Upland Software has a 1 year low of $2.72 and a 1 year high of $16.33. The firm has a market cap of $106.41 million, a PE ratio of -0.56 and a beta of 0.86. The company has a debt-to-equity ratio of 3.06, a current ratio of 2.24 and a quick ratio of 2.24. The company has a 50 day simple moving average of $3.53 and a two hundred day simple moving average of $5.95.
Upland Software (NASDAQ:UPLD – Get Rating) last announced its earnings results on Thursday, May 4th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Upland Software had a negative net margin of 58.81% and a positive return on equity of 10.22%. The business had revenue of $77.06 million during the quarter, compared to analyst estimates of $74.59 million. Analysts expect that Upland Software will post 0.3 earnings per share for the current fiscal year.
About Upland Software
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Upland Software, Inc engages in the provision of cloud-based enterprise work management software, which enables organizations to plan, manage and execute projects and work. It offers customer experience management, cloud, enterprise sales and marketing cloud, project and IT management cloud, and document workflow cloud.
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