Shares of Upland Software, Inc. (NASDAQ:UPLD) have been assigned an average recommendation of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $23.50.
UPLD has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Upland Software from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. TheStreet lowered shares of Upland Software from a “c-” rating to a “d” rating in a report on Wednesday, May 17th. William Blair reissued an “outperform” rating on shares of Upland Software in a report on Tuesday, April 25th. Craig Hallum initiated coverage on shares of Upland Software in a report on Wednesday, April 19th. They set a “buy” rating on the stock. Finally, Roth Capital lowered shares of Upland Software from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Friday, July 14th.
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In other Upland Software news, major shareholder Systems Corp Wave sold 91,280 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $24.57, for a total transaction of $2,242,749.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 30.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Pembroke Management LTD raised its position in shares of Upland Software by 180.0% in the second quarter. Pembroke Management LTD now owns 599,100 shares of the software maker’s stock valued at $13,174,000 after buying an additional 385,102 shares during the period. Bank of Montreal Can raised its position in shares of Upland Software by 547.2% in the first quarter. Bank of Montreal Can now owns 175,801 shares of the software maker’s stock valued at $2,793,000 after buying an additional 148,638 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Upland Software during the first quarter valued at about $1,227,000. Renaissance Technologies LLC raised its position in shares of Upland Software by 57.7% in the first quarter. Renaissance Technologies LLC now owns 178,200 shares of the software maker’s stock valued at $2,832,000 after buying an additional 65,200 shares during the period. Finally, EAM Investors LLC acquired a new position in shares of Upland Software during the first quarter valued at about $702,000. 12.39% of the stock is currently owned by institutional investors.
Shares of Upland Software (NASDAQ:UPLD) traded down 0.96% during midday trading on Friday, hitting $23.62. 35,366 shares of the company were exchanged. The stock’s market cap is $435.48 million. Upland Software has a one year low of $7.48 and a one year high of $25.56. The stock’s 50-day moving average is $23.15 and its 200-day moving average is $17.91.
Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, May 11th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Upland Software had a negative net margin of 17.39% and a negative return on equity of 23.17%. The business had revenue of $20.70 million during the quarter, compared to analysts’ expectations of $20.55 million. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that Upland Software will post $0.82 EPS for the current year.
About Upland Software
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
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