ValuEngine downgraded shares of Upland Software (NASDAQ:UPLD) from a buy rating to a hold rating in a research note released on Thursday morning, ValuEngine reports.
Other research analysts also recently issued research reports about the company. Needham & Company LLC reiterated a buy rating and issued a $53.00 price objective (up previously from $50.00) on shares of Upland Software in a report on Monday, June 24th. SunTrust Banks lifted their price objective on Upland Software to $48.00 and gave the stock a buy rating in a report on Tuesday, April 23rd. Canaccord Genuity reiterated a buy rating and issued a $52.00 price objective on shares of Upland Software in a report on Monday, May 6th. They noted that the move was a valuation call. Zacks Investment Research downgraded Upland Software from a buy rating to a hold rating in a report on Thursday. Finally, BidaskClub downgraded Upland Software from a strong-buy rating to a buy rating in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $51.88.
UPLD stock traded down $1.95 during mid-day trading on Thursday, hitting $42.87. 368,446 shares of the stock were exchanged, compared to its average volume of 292,221. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.57 and a quick ratio of 0.57. The firm’s fifty day simple moving average is $46.55. Upland Software has a 12 month low of $25.12 and a 12 month high of $54.87. The company has a market cap of $962.98 million, a PE ratio of 39.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.57.
Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.20. The firm had revenue of $48.50 million for the quarter, compared to the consensus estimate of $48.39 million. Upland Software had a positive return on equity of 27.01% and a negative net margin of 8.77%. The company’s quarterly revenue was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share. As a group, research analysts predict that Upland Software will post 1.26 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Aperio Group LLC purchased a new position in Upland Software during the 2nd quarter valued at about $28,000. Ashburton Jersey Ltd purchased a new position in Upland Software during the 2nd quarter valued at about $57,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Upland Software by 77.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock valued at $63,000 after purchasing an additional 608 shares during the period. Legal & General Group Plc increased its holdings in Upland Software by 26.6% during the 4th quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock valued at $81,000 after purchasing an additional 622 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Upland Software by 109,133.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,277 shares of the software maker’s stock valued at $139,000 after purchasing an additional 3,274 shares during the period. Institutional investors own 66.90% 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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