Upland Software, Inc. (UPLD) Receives Consensus Rating of “Buy” from Analysts
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.
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.
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