Upland Software, Inc. (NASDAQ:UPLD) has earned an average rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $27.25.

Several research firms have recently commented on UPLD. Zacks Investment Research upgraded shares of Upland Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 12th. Canaccord Genuity upped their price target on shares of Upland Software from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. BidaskClub lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. TheStreet upgraded shares of Upland Software from a “d” rating to a “c-” rating in a research report on Tuesday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $29.00 price target (up previously from $25.00) on shares of Upland Software in a research report on Friday, July 14th.

COPYRIGHT VIOLATION NOTICE: This news story was first published by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/19/upland-software-inc-upld-receives-consensus-rating-of-buy-from-analysts.html.

In related news, Director David May sold 25,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $21.43, for a total value of $535,750.00. Following the completion of the transaction, the director now owns 138,500 shares in the company, valued at approximately $2,968,055. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Douglass Hill sold 20,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $21.43, for a total transaction of $428,600.00. Following the completion of the transaction, the chief financial officer now owns 308,837 shares of the company’s stock, valued at approximately $6,618,376.91. The disclosure for this sale can be found here. Insiders sold a total of 261,388 shares of company stock valued at $5,986,223 in the last quarter. 30.20% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in UPLD. Renaissance Technologies LLC grew its position in Upland Software by 57.7% in the 1st 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 in the last quarter. Bank of America Corp DE bought a new position in Upland Software in the 1st quarter valued at about $362,000. Driehaus Capital Management LLC bought a new position in Upland Software in the 1st quarter valued at about $1,227,000. Goldman Sachs Group Inc. bought a new position in Upland Software in the 1st quarter valued at about $441,000. Finally, Bank of Montreal Can grew its position in Upland Software by 5.5% in the 2nd quarter. Bank of Montreal Can now owns 185,500 shares of the software maker’s stock valued at $4,079,000 after buying an additional 9,699 shares in the last quarter. Hedge funds and other institutional investors own 26.92% of the company’s stock.

Upland Software (NASDAQ UPLD) traded up 0.38% during mid-day trading on Thursday, hitting $21.28. 78,562 shares of the stock traded hands. Upland Software has a 1-year low of $7.48 and a 1-year high of $25.56. The firm’s market cap is $438.35 million. The stock has a 50-day moving average of $21.63 and a 200 day moving average of $21.68.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.50). The firm had revenue of $23.30 million for the quarter, compared to the consensus estimate of $21.84 million. Upland Software had a negative return on equity of 23.25% and a negative net margin of 19.10%. The firm’s revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.22) EPS. On average, equities analysts expect that Upland Software will post $0.94 EPS for the current year.

Upland Software Company Profile

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)

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.