Shares of Upland Software Inc (NASDAQ:UPLD) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $52.86.
UPLD has been the subject of several research reports. Craig Hallum restated a “buy” rating and set a $56.00 price objective (up from $52.00) on shares of Upland Software in a research report on Friday, May 31st. BidaskClub downgraded shares of Upland Software from a “hold” rating to a “sell” rating in a research report on Saturday, September 7th. Roth Capital raised their price objective on shares of Upland Software from $54.00 to $58.00 in a research report on Tuesday, May 28th. ValuEngine downgraded shares of Upland Software from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Finally, TheStreet downgraded shares of Upland Software from a “b-” rating to a “c+” rating in a research report on Wednesday, July 10th.
UPLD stock traded down $1.47 during mid-day trading on Thursday, hitting $34.94. 284,988 shares of the company were exchanged, compared to its average volume of 361,710. The business has a 50 day simple moving average of $39.25 and a 200-day simple moving average of $43.53. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $918.60 million, a PE ratio of 29.61, a price-to-earnings-growth ratio of 1.19 and a beta of 0.62. Upland Software has a 1-year low of $25.12 and a 1-year high of $54.87.
In other news, Director David May sold 20,000 shares of Upland Software stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $42.81, for a total value of $856,200.00. Following the completion of the sale, the director now directly owns 65,773 shares in the company, valued at $2,815,742.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 11.60% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPLD. Janus Henderson Group PLC acquired a new stake in shares of Upland Software in the second quarter valued at approximately $52,510,000. BlackRock Inc. raised its position in shares of Upland Software by 32.3% in the second quarter. BlackRock Inc. now owns 1,435,965 shares of the software maker’s stock valued at $65,378,000 after buying an additional 350,651 shares in the last quarter. Ashford Capital Management Inc. acquired a new stake in shares of Upland Software in the second quarter valued at approximately $15,872,000. Nuveen Asset Management LLC raised its position in shares of Upland Software by 2,452.2% in the second quarter. Nuveen Asset Management LLC now owns 279,416 shares of the software maker’s stock valued at $12,721,000 after buying an additional 268,468 shares in the last quarter. Finally, RK Capital Management LLC bought a new position in Upland Software in the first quarter valued at approximately $9,163,000. Institutional investors own 76.15% of the company’s stock.
About Upland Software
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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