Upland Software Inc (NASDAQ:UPLD) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $52.86.
A number of research firms have weighed in on UPLD. SunTrust Banks set a $75.00 target price on Cimarex Energy and gave the company a “hold” rating in a report on Tuesday, April 23rd. Canaccord Genuity lowered their target price on Jamieson Wellness from C$23.00 to C$20.00 in a report on Monday, May 6th. Zacks Investment Research raised FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price on the stock in a report on Tuesday, June 25th. BidaskClub downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Finally, Craig Hallum restated a “buy” rating and issued a $56.00 price target (up previously from $52.00) on shares of Upland Software in a research report on Friday, May 31st.
UPLD stock traded down $1.07 during trading on Friday, reaching $45.93. The stock had a trading volume of 362,779 shares, compared to its average volume of 440,346. Upland Software has a 52 week low of $25.12 and a 52 week high of $54.87. The firm’s 50 day moving average is $47.38. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $987.04 million, a price-to-earnings ratio of 38.92, a PEG ratio of 1.86 and a beta of 0.57.
Upland Software (NASDAQ:UPLD) last posted its earnings results on Thursday, May 2nd. The software maker reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.20. Upland Software had a positive return on equity of 27.01% and a negative net margin of 8.77%. The company had revenue of $48.50 million for the quarter, compared to the consensus estimate of $48.39 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. Upland Software’s revenue was up 53.5% on a year-over-year basis. Research analysts predict that Upland Software will post 1.26 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc increased its position in Upland Software by 26.6% in the fourth quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock worth $81,000 after buying an additional 622 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Upland Software by 109,133.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,277 shares of the software maker’s stock worth $139,000 after buying an additional 3,274 shares in the last quarter. Van Hulzen Asset Management LLC purchased a new stake in Upland Software in the first quarter worth about $222,000. Metropolitan Life Insurance Co. NY increased its position in Upland Software by 356.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,299 shares of the software maker’s stock worth $144,000 after buying an additional 4,139 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Upland Software in the first quarter worth about $267,000. Institutional investors and hedge funds own 66.55% of the company’s stock.
About Upland Software
Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.
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