Upland Software, Inc. (NASDAQ:UPLD) Given Consensus Rating of “Buy” by Brokerages
Shares of Upland Software, Inc. (NASDAQ:UPLD) have been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $21.33.
A number of research analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Upland Software in a research note on Monday, April 3rd. SunTrust Banks, Inc. assumed coverage on shares of Upland Software in a research note on Monday, June 26th. They set a “buy” rating and a $27.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of Upland Software in a research note on Tuesday, April 25th. Craig Hallum assumed coverage on shares of Upland Software in a research note on Wednesday, April 19th. They set a “buy” rating on the stock. Finally, TheStreet lowered shares of Upland Software from a “c-” rating to a “d” rating in a research note on Wednesday, May 17th.
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Shares of Upland Software (NASDAQ:UPLD) remained flat at $23.08 during trading on Tuesday. 100,554 shares of the stock were exchanged. The stock’s 50-day moving average is $22.20 and its 200 day moving average is $15.51. The stock’s market cap is $425.53 million. Upland Software has a 1-year low of $7.41 and a 1-year high of $24.50.
Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Thursday, May 11th. The software maker reported $0.16 EPS for the quarter, beating the consensus estimate 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 company had revenue of $20.70 million for the quarter, compared to analyst estimates of $20.55 million. The business’s revenue was up 17.6% compared to the same quarter last year. Equities analysts expect that Upland Software will post ($0.72) earnings per share for the current fiscal year.
In related news, major shareholder Systems Corp Wave sold 561,712 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $22.68, for a total transaction of $12,739,628.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.20% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the company. Pembroke Management LTD acquired a new stake in shares of Upland Software during the first quarter worth $3,400,000. Renaissance Technologies LLC boosted its stake 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 worth $2,832,000 after buying an additional 65,200 shares during the last quarter. Bank of Montreal Can boosted its stake 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 worth $2,793,000 after buying an additional 148,638 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Upland Software during the first quarter worth $1,227,000. Finally, EAM Investors LLC acquired a new stake in shares of Upland Software during the first quarter worth $702,000. Hedge funds and other institutional investors own 10.50% 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.
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