Upland Software (NASDAQ:UPLD) Rating Increased to Buy at StockNews.com

Upland Software (NASDAQ:UPLD) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

A number of other equities research analysts have also recently issued reports on the company. Canaccord Genuity Group lowered their price objective on Upland Software from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Roth Mkm restated a “sell” rating and issued a $2.50 price objective (down from $3.00) on shares of Upland Software in a research note on Tuesday, May 7th. William Blair restated an “outperform” rating on shares of Upland Software in a research note on Friday, May 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.75.

Upland Software Stock Performance

Shares of NASDAQ UPLD traded down $0.06 during mid-day trading on Monday, reaching $2.57. 202,975 shares of the company’s stock were exchanged, compared to its average volume of 449,918. The firm has a market capitalization of $70.91 million, a price-to-earnings ratio of -0.54 and a beta of 1.13. Upland Software has a 52 week low of $1.89 and a 52 week high of $5.28. The company has a debt-to-equity ratio of 23.49, a current ratio of 2.34 and a quick ratio of 2.34. The firm has a 50-day moving average price of $2.62 and a two-hundred day moving average price of $3.38.

Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, May 2nd. The software maker reported $0.07 EPS 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 analysts’ expectations of $68.29 million. Analysts predict that Upland Software will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System purchased a new position in Upland Software during the 1st quarter valued at about $34,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Upland Software during the first quarter valued at approximately $37,000. Pingora Partners LLC bought a new position in shares of Upland Software during the fourth quarter valued at approximately $50,000. Oxford Asset Management LLP bought a new position in shares of Upland Software during the fourth quarter valued at approximately $52,000. Finally, Verdad Advisers LP bought a new position in shares of Upland Software during the fourth quarter valued at approximately $337,000. Hedge funds and other institutional investors own 77.78% of the company’s stock.

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.