Upland Software Inc (UPLD) Downgraded by TheStreet
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.
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.
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.
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.