Upland Software Inc (NASDAQ:UPLD) Receives Average Rating of “Buy” from Brokerages

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.



Upland Software (NASDAQ:UPLD) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.21. The firm had revenue of $53.01 million during the quarter, compared to the consensus estimate of $51.51 million. Upland Software had a negative net margin of 8.03% and a positive return on equity of 25.43%. The business’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same period last year, the business posted ($0.26) earnings per share. Equities research analysts expect that Upland Software will post 1.54 earnings per share for the current year.

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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Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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