Upland Software (NASDAQ:UPLD) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Upland Software (NASDAQ:UPLD) from a hold rating to a buy rating in a research note released on Saturday morning, Zacks.com reports. They currently have $42.00 price target on the software maker’s stock.

According to Zacks, “Upland Software Inc. is a provider of cloud-based Enterprise Work Management software that helps organizations to plan, manage and execute projects and work. It provides services to teams in Information Technology (IT), marketing, finance, professional services and process excellences. The Company’s services include Professional Services, Education and Training and Global Support. Upland Software, Inc. is headquartered in Austin, Texas. “

A number of other analysts have also recently weighed in on UPLD. TheStreet cut Upland Software from a b- rating to a c+ rating in a research report on Wednesday, July 10th. Needham & Company LLC reaffirmed a buy rating and issued a $53.00 price target (up previously from $50.00) on shares of Upland Software in a research report on Monday, June 24th. BidaskClub raised Upland Software from a sell rating to a hold rating in a research report on Thursday. Finally, ValuEngine cut Upland Software from a sell rating to a strong sell rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Upland Software has an average rating of Buy and an average target price of $52.86.

Shares of NASDAQ:UPLD traded up $0.45 on Friday, reaching $37.66. The company had a trading volume of 297,013 shares, compared to its average volume of 397,078. Upland Software has a twelve month low of $25.12 and a twelve month high of $54.87. The stock has a 50-day moving average price of $37.80 and a 200 day moving average price of $43.30. The stock has a market capitalization of $939.50 million, a P/E ratio of 31.92, a P/E/G ratio of 0.97 and a beta of 0.60. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.33.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.21. Upland Software had a positive return on equity of 25.43% and a negative net margin of 8.03%. The company had revenue of $53.01 million during the quarter, compared to analysts’ expectations of $51.51 million. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. The business’s quarterly revenue was up 47.5% compared to the same quarter last year. On average, sell-side analysts predict that Upland Software will post 1.54 earnings per share for the current fiscal year.

In other Upland Software news, Director David May sold 20,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was 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 owns 65,773 shares of the company’s stock, valued at $2,815,742.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC acquired a new position in shares of Upland Software during the 2nd quarter worth about $28,000. Tower Research Capital LLC TRC acquired a new position in shares of Upland Software during the 2nd quarter worth about $41,000. Ashburton Jersey Ltd acquired a new position in shares of Upland Software during the 2nd quarter worth about $57,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Upland Software by 77.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock worth $63,000 after purchasing an additional 608 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Upland Software during the 2nd quarter worth about $70,000. 76.15% of the stock is owned by institutional investors and hedge funds.

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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