Upland Software, Inc. (NASDAQ:UPLD) Given Average Rating of “Hold” by Brokerages

Upland Software, Inc. (NASDAQ:UPLD) has been given an average recommendation of “Hold” by the five research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $3.75.

UPLD has been the subject of a number of research reports. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Friday, May 3rd. StockNews.com lowered Upland Software from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th. Roth Mkm reiterated a “sell” rating and issued a $2.50 price target (down previously from $3.00) on shares of Upland Software in a report on Tuesday, May 7th. Canaccord Genuity Group decreased their price objective on Upland Software from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Upland Software in a report on Friday, May 3rd.

Institutional Trading of Upland Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPLD. Verdad Advisers LP purchased a new position in shares of Upland Software during the fourth quarter valued at approximately $337,000. First Eagle Investment Management LLC lifted its stake in Upland Software by 21.0% during the 4th quarter. First Eagle Investment Management LLC now owns 839,183 shares of the software maker’s stock valued at $3,550,000 after acquiring an additional 145,405 shares in the last quarter. Jump Financial LLC boosted its holdings in Upland Software by 494.4% during the 4th quarter. Jump Financial LLC now owns 64,200 shares of the software maker’s stock worth $272,000 after acquiring an additional 53,400 shares during the last quarter. Citigroup Inc. grew its stake in shares of Upland Software by 73,571.8% in the 3rd quarter. Citigroup Inc. now owns 28,732 shares of the software maker’s stock worth $133,000 after acquiring an additional 28,693 shares in the last quarter. Finally, Oxford Asset Management LLP purchased a new stake in shares of Upland Software in the fourth quarter valued at about $52,000. 77.78% of the stock is owned by institutional investors.

Upland Software Stock Down 1.9 %

Shares of NASDAQ:UPLD opened at $2.39 on Wednesday. Upland Software has a 1 year low of $1.89 and a 1 year 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 business’s 50-day moving average is $2.60 and its 200-day moving average is $3.02.

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

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.