Upland Software (UPLD) Stock Rating Lowered by BidaskClub

Upland Software (NASDAQ:UPLD) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other equities research analysts have also recently issued reports on UPLD. Zacks Investment Research upgraded shares of Upland Software from a “strong sell” rating to a “hold” rating in a report on Thursday, October 12th. ValuEngine cut shares of Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.40.

Upland Software (NASDAQ UPLD) traded down $0.21 during mid-day trading on Thursday, reaching $22.00. 445,672 shares of the company’s stock were exchanged, compared to its average volume of 362,987. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.28 and a quick ratio of 1.28. Upland Software has a one year low of $8.19 and a one year high of $25.56.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. The company had revenue of $26.07 million during the quarter, compared to analysts’ expectations of $25.33 million. During the same period in the prior year, the company earned $0.11 earnings per share. The business’s quarterly revenue was up 35.5% compared to the same quarter last year. equities analysts anticipate that Upland Software will post 0.48 EPS for the current fiscal year.

In other news, CEO John T. Mcdonald sold 35,196 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $21.44, for a total transaction of $754,602.24. Following the completion of the transaction, the chief executive officer now owns 1,922,022 shares of the company’s stock, valued at $41,208,151.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John T. Mcdonald sold 28,654 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $22.39, for a total transaction of $641,563.06. Following the transaction, the chief executive officer now directly owns 1,861,064 shares of the company’s stock, valued at approximately $41,669,222.96. The disclosure for this sale can be found here. Insiders have sold 171,350 shares of company stock valued at $3,812,965 in the last ninety days. 30.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pembroke Management LTD raised its position in shares of Upland Software by 4.0% during the third quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock valued at $13,185,000 after buying an additional 24,000 shares during the last quarter. Vanguard Group Inc. raised its position in Upland Software by 55.3% in the second quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock worth $8,883,000 after purchasing an additional 143,808 shares in the last quarter. Lyon Street Capital LLC raised its position in Upland Software by 16.8% in the third quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock worth $8,229,000 after purchasing an additional 55,965 shares in the last quarter. Precept Management LLC raised its position in Upland Software by 41.3% in the second quarter. Precept Management LLC now owns 278,700 shares of the software maker’s stock worth $6,129,000 after purchasing an additional 81,425 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in Upland Software in the second quarter worth about $5,584,000. 30.10% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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