Upland Software Inc (NASDAQ:UPLD) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d” rating in a research report issued to clients and investors on Wednesday.

A number of other equities analysts have also recently issued reports on the stock. Craig Hallum initiated coverage on shares of Upland Software in a research report on Wednesday, April 19th. They set a “buy” rating for the company. William Blair reiterated an “outperform” rating on shares of Upland Software in a research report on Tuesday, April 25th. Finally, Needham & Company LLC upped their price objective on shares of Upland Software from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.58.

Analyst Recommendations for Upland Software (NASDAQ:UPLD)

Upland Software (NASDAQ:UPLD) traded up 0.96% during mid-day trading on Wednesday, hitting $22.04. 20,435 shares of the stock traded hands. The firm’s market cap is $374.04 million. Upland Software has a 52 week low of $6.95 and a 52 week high of $23.00. The firm’s 50-day moving average price is $18.55 and its 200-day moving average price is $12.69.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Thursday, May 11th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The business had revenue of $20.70 million during the quarter, compared to analysts’ expectations of $20.55 million. Upland Software had a negative net margin of 21.65% and a negative return on equity of 13.98%. Upland Software’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities analysts forecast that Upland Software will post ($0.69) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Upland Software Inc (UPLD) Downgraded by TheStreet” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2017/05/19/upland-software-inc-upld-downgraded-by-thestreet.html.

A number of institutional investors have recently made changes to their positions in UPLD. RBF Capital LLC boosted its position in shares of Upland Software by 0.8% in the third quarter. RBF Capital LLC now owns 11,717 shares of the software maker’s stock valued at $103,000 after buying an additional 91 shares during the period. Geode Capital Management LLC boosted its position in shares of Upland Software by 9.7% in the first quarter. Geode Capital Management LLC now owns 26,535 shares of the software maker’s stock valued at $182,000 after buying an additional 2,353 shares during the period. TFS Capital LLC acquired a new position in shares of Upland Software during the first quarter valued at about $222,000. Bank of America Corp DE acquired a new position in shares of Upland Software during the first quarter valued at about $362,000. Finally, Renaissance Technologies LLC boosted its position in shares of Upland Software by 26.0% in the first quarter. Renaissance Technologies LLC now owns 63,472 shares of the software maker’s stock valued at $436,000 after buying an additional 13,079 shares during the period. Hedge funds and other institutional investors own 5.58% of the company’s stock.

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.

5 Day Chart for NASDAQ:UPLD

Receive News & Ratings for Upland Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software Inc and related companies with MarketBeat.com's FREE daily email newsletter.