Upland Software (NASDAQ:UPLD) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday, December 29th.
A number of other equities research analysts have also weighed in on the company. ValuEngine lowered Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Upland Software presently has a consensus rating of “Buy” and an average target price of $26.40.
Shares of Upland Software (NASDAQ UPLD) opened at $23.03 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.28 and a current ratio of 1.28. Upland Software has a 1-year low of $10.00 and a 1-year 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 (EPS) for the quarter, topping the 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 business had revenue of $26.07 million for the quarter, compared to analyst estimates of $25.33 million. During the same period last year, the company earned $0.11 EPS. Upland Software’s revenue for the quarter was up 35.5% compared to the same quarter last year. analysts anticipate that Upland Software will post 0.48 EPS for the current year.
In other Upland Software news, CEO John T. Mcdonald sold 67,500 shares of Upland Software stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $22.23, for a total transaction of $1,500,525.00. Following the completion of the transaction, the chief executive officer now owns 1,758,288 shares in the company, valued at $39,086,742.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Douglass Hill sold 20,000 shares of Upland Software stock in a transaction on Tuesday, November 28th. The shares were 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. In the last 90 days, insiders sold 2,039,712 shares of company stock valued at $44,932,254. 30.20% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in UPLD. White Pine Capital LLC raised its stake in shares of Upland Software by 24.6% in the second quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock worth $616,000 after purchasing an additional 5,525 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Upland Software by 784.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock worth $158,000 after purchasing an additional 6,367 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Upland Software by 30.4% in the third quarter. Bank of New York Mellon Corp now owns 28,983 shares of the software maker’s stock worth $613,000 after purchasing an additional 6,763 shares during the last quarter. New York State Common Retirement Fund purchased a new position in shares of Upland Software in the second quarter worth $172,000. Finally, EAM Investors LLC raised its stake in shares of Upland Software by 17.7% in the second quarter. EAM Investors LLC now owns 51,998 shares of the software maker’s stock worth $1,143,000 after purchasing an additional 7,825 shares during the last quarter. Institutional investors and hedge funds own 30.10% of the company’s stock.
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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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