StockNews.com Lowers Upland Software (NASDAQ:UPLD) to Hold

StockNews.com cut shares of Upland Software (NASDAQ:UPLD) from a buy rating to a hold rating in a research report report published on Thursday.

UPLD has been the topic of several other reports. Needham & Company LLC reaffirmed a hold rating on shares of Upland Software in a research report on Friday, May 3rd. Roth Mkm reaffirmed a sell rating and issued a $2.50 target price (down from $3.00) on shares of Upland Software in a research report on Tuesday, May 7th. William Blair reissued an outperform rating on shares of Upland Software in a research report on Friday, May 3rd. Finally, Canaccord Genuity Group cut their price objective on Upland Software from $7.00 to $5.00 and set a buy rating on the stock in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $3.75.

Upland Software Trading Up 4.3 %

Shares of Upland Software stock opened at $2.94 on Thursday. Upland Software has a fifty-two week low of $1.89 and a fifty-two week high of $5.28. The firm has a market cap of $81.11 million, a PE ratio of -0.62 and a beta of 1.01. The business’s fifty day moving average is $2.68 and its two-hundred day moving average is $3.60. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 23.49.

Upland Software (NASDAQ:UPLD) last issued its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.09. Upland Software had a positive return on equity of 13.87% and a negative net margin of 46.64%. The company had revenue of $70.74 million for the quarter, compared to analyst estimates of $68.29 million. Analysts anticipate that Upland Software will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System acquired a new stake in shares of Upland Software during the first quarter valued at about $34,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Upland Software during the first quarter valued at about $37,000. Pingora Partners LLC acquired a new stake in shares of Upland Software during the fourth quarter valued at about $50,000. Oxford Asset Management LLP acquired a new stake in shares of Upland Software during the fourth quarter valued at about $52,000. Finally, Verdad Advisers LP acquired a new stake in shares of Upland Software during the fourth quarter valued at about $337,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

About Upland Software

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.