Upland Software, Inc. (NASDAQ:UPLD) Receives $56.43 Average PT from Brokerages

Shares of Upland Software, Inc. (NASDAQ:UPLD) have been given an average recommendation of “Buy” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $56.43.

Several analysts recently weighed in on UPLD shares. Zacks Investment Research downgraded Upland Software from a “hold” rating to a “sell” rating in a report on Tuesday, July 27th. Raymond James reduced their price target on shares of Upland Software from $55.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, August 5th. Finally, Canaccord Genuity dropped their price objective on shares of Upland Software from $57.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, August 5th.

In other news, CEO John T. Mcdonald sold 52,740 shares of Upland Software stock in a transaction that occurred on Friday, July 2nd. The shares were sold at an average price of $41.58, for a total value of $2,192,929.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in UPLD. US Bancorp DE raised its stake in Upland Software by 85.7% in the second quarter. US Bancorp DE now owns 795 shares of the software maker’s stock valued at $33,000 after buying an additional 367 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Upland Software during the first quarter valued at about $78,000. MAI Capital Management purchased a new position in shares of Upland Software in the 1st quarter valued at approximately $201,000. SG Americas Securities LLC boosted its stake in Upland Software by 51.5% in the 1st quarter. SG Americas Securities LLC now owns 4,423 shares of the software maker’s stock worth $209,000 after purchasing an additional 1,504 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Upland Software during the 2nd quarter worth approximately $216,000. Hedge funds and other institutional investors own 78.33% of the company’s stock.

Shares of NASDAQ:UPLD traded down $1.25 during trading on Monday, reaching $35.41. 146,021 shares of the company were exchanged, compared to its average volume of 216,233. The business’s fifty day simple moving average is $37.41 and its 200-day simple moving average is $42.03. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.54 and a quick ratio of 1.54. Upland Software has a 12-month low of $34.18 and a 12-month high of $53.00. The firm has a market capitalization of $1.08 billion, a PE ratio of -18.99, a P/E/G ratio of 9.55 and a beta of 0.95.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Wednesday, August 4th. The software maker reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Upland Software had a positive return on equity of 5.32% and a negative net margin of 18.74%. The firm had revenue of $76.26 million for the quarter, compared to analysts’ expectations of $75.24 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Upland Software will post 0.38 EPS for the current fiscal year.

Upland Software Company Profile

Upland Software, Inc engages in the provision of cloud-based enterprise work management software, which enables organizations to plan, manage and execute projects and work. It offers customer experience management, cloud, enterprise Sales and marketing cloud, project and IT management cloud, and document workflow cloud.

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Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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