Upland Software, Inc. (NASDAQ:UPLD) Receives $3.75 Average Price Target from Brokerages

Shares of Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) have been given an average rating of "Moderate Buy" by the five ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $3.75.

UPLD has been the topic of several research reports. Needham & Company LLC reissued a "hold" rating on shares of Upland Software in a research note on Friday, August 2nd. StockNews.com upgraded Upland Software from a "hold" rating to a "buy" rating in a research note on Thursday, September 12th. Finally, Roth Capital upgraded Upland Software from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, August 7th.

Upland Software Trading Down 0.9 %

UPLD stock traded down $0.02 during trading on Friday, reaching $2.17. The company had a trading volume of 80,022 shares, compared to its average volume of 316,341. The company has a debt-to-equity ratio of 72.71, a current ratio of 2.37 and a quick ratio of 2.37. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.28. The business has a 50 day moving average of $2.34 and a 200 day moving average of $2.45. The company has a market cap of $59.88 million, a P/E ratio of -0.46 and a beta of 1.13.

Upland Software (NASDAQ:UPLD - Get Free Report) last released its earnings results on Thursday, August 1st. The software maker reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.14). The firm had revenue of $69.34 million during the quarter, compared to analysts' expectations of $67.91 million. Upland Software had a negative net margin of 46.18% and a positive return on equity of 19.98%. During the same quarter in the previous year, the business earned $0.04 EPS. As a group, sell-side analysts forecast that Upland Software will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Upland Software

In related news, CEO John T. Mcdonald bought 33,635 shares of the stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $1.98 per share, for a total transaction of $66,597.30. Following the purchase, the chief executive officer now owns 297,373 shares of the company's stock, valued at approximately $588,798.54. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.30% of the company's stock.

Institutional Investors Weigh In On Upland Software

Hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System bought a new position in shares of Upland Software in the 1st quarter worth approximately $34,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Upland Software in the first quarter worth approximately $37,000. Mackenzie Financial Corp boosted its stake in shares of Upland Software by 74.6% during the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker's stock worth $75,000 after acquiring an additional 12,898 shares during the last quarter. Heron Bay Capital Management bought a new stake in shares of Upland Software during the 2nd quarter valued at $185,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker's stock worth $374,000 after purchasing an additional 6,018 shares in the last quarter. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

Upland Software Company Profile

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.