Upland Software (NASDAQ:UPLD) Stock Passes Below Fifty Day Moving Average of $2.31

Shares of Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.31 and traded as low as $2.03. Upland Software shares last traded at $2.21, with a volume of 59,700 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. StockNews.com downgraded Upland Software from a "buy" rating to a "hold" rating in a research report on Saturday, August 24th. Needham & Company LLC restated a "hold" rating on shares of Upland Software in a report on Friday, August 2nd. Roth Mkm reaffirmed a "sell" rating and issued a $2.50 price objective (down previously from $3.00) on shares of Upland Software in a research note on Tuesday, May 7th. Finally, Roth Capital raised shares of Upland Software from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $3.75.

Upland Software Stock Performance

The stock's 50-day moving average price is $2.31 and its 200 day moving average price is $2.60. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 72.71. The company has a market cap of $58.22 million, a P/E ratio of -0.44 and a beta of 1.14.

Upland Software (NASDAQ:UPLD - Get Free Report) last released its earnings results on Thursday, August 1st. The software maker reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.14). Upland Software had a negative net margin of 46.18% and a positive return on equity of 19.98%. The company had revenue of $69.34 million during the quarter, compared to the consensus estimate of $67.91 million. During the same quarter in the previous year, the business posted $0.04 EPS. As a group, research analysts expect that Upland Software, Inc. will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Upland Software news, CEO John T. Mcdonald acquired 33,635 shares of the business's stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $1.98 per share, for a total transaction of $66,597.30. Following the transaction, the chief executive officer now owns 297,373 shares in the company, valued at approximately $588,798.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Upland Software

A number of institutional investors and hedge funds have recently modified their holdings of UPLD. Verdad Advisers LP bought a new stake in shares of Upland Software in the 4th quarter valued at about $337,000. First Eagle Investment Management LLC boosted its position in shares of Upland Software by 21.0% during the fourth quarter. First Eagle Investment Management LLC now owns 839,183 shares of the software maker's stock worth $3,550,000 after purchasing an additional 145,405 shares in the last quarter. Jump Financial LLC grew its holdings in shares of Upland Software by 494.4% in the 4th quarter. Jump Financial LLC now owns 64,200 shares of the software maker's stock valued at $272,000 after buying an additional 53,400 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in shares of Upland Software in the 1st quarter valued at $34,000. Finally, Oxford Asset Management LLP acquired a new stake in Upland Software during the 4th quarter worth $52,000. 77.78% of the stock is owned by institutional investors.

About Upland Software

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.