Upland Software Inc (NASDAQ:UPLD) has been assigned an average recommendation of “Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $26.40.
A number of analysts recently weighed in on the company. Canaccord Genuity lifted their price target on Upland Software from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 14th. ValuEngine downgraded Upland Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research upgraded Upland Software from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 12th.
In other Upland Software news, major shareholder Systems Corp Wave sold 4,805 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $22.25, for a total transaction of $106,911.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Douglass Hill sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $24.31, for a total value of $486,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,904 shares of company stock worth $4,192,024. 30.20% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings 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 acquiring an additional 65,200 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Upland Software in the first quarter worth $362,000. Goldman Sachs Group Inc. acquired a new position in shares of Upland Software in the first quarter worth $441,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Upland Software in the second quarter worth $258,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Upland Software in the second quarter worth $489,000. Institutional investors own 30.10% of the company’s stock.
Upland Software (UPLD) traded down $0.11 during trading on Friday, hitting $22.43. The company had a trading volume of 110,743 shares, compared to its average volume of 120,034. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.94. Upland Software has a 12-month low of $8.19 and a 12-month high of $25.56.
Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. The firm had revenue of $26.07 million for the quarter, compared to the consensus estimate of $25.33 million. During the same period in the previous year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. equities analysts anticipate that Upland Software will post 0.48 earnings per share for the current fiscal year.
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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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