Upland Software (NASDAQ:UPLD) Raised to Buy at StockNews.com

Upland Software (NASDAQ:UPLD - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

Other equities analysts have also issued research reports about the company. Roth Capital raised Upland Software from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, August 7th. William Blair reissued an "outperform" rating on shares of Upland Software in a research note on Friday, May 3rd. Canaccord Genuity Group dropped their price objective on shares of Upland Software from $7.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, May 3rd. Roth Mkm reaffirmed a "sell" rating and set a $2.50 price objective (down previously from $3.00) on shares of Upland Software in a report on Tuesday, May 7th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Upland Software in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Upland Software has an average rating of "Moderate Buy" and an average price target of $3.75.

Upland Software Price Performance

Shares of UPLD traded up $0.24 during mid-day trading on Friday, reaching $2.17. The company had a trading volume of 191,013 shares, compared to its average volume of 380,380. The company's 50-day moving average is $2.39 and its 200-day moving average is $2.80. The company has a debt-to-equity ratio of 72.71, a current ratio of 2.37 and a quick ratio of 2.37. The company has a market capitalization of $59.18 million, a P/E ratio of -0.46 and a beta of 1.14. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.28.

Upland Software (NASDAQ:UPLD - Get Free Report) last posted 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). The firm had revenue of $69.34 million during the quarter, compared to the consensus estimate of $67.91 million. Upland Software had a positive return on equity of 19.98% and a negative net margin of 46.18%. During the same period in the previous year, the company posted $0.04 EPS. On average, equities analysts anticipate that Upland Software will post 0.17 EPS for the current year.

Insider Activity

In other news, CEO John T. Mcdonald purchased 33,635 shares of the firm's stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $1.98 per share, with a total value of $66,597.30. Following the acquisition, the chief executive officer now directly owns 297,373 shares of the company's stock, valued at $588,798.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UPLD. NBC Securities Inc. lifted its stake in Upland Software by 38.1% in the 4th quarter. NBC Securities Inc. now owns 62,500 shares of the software maker's stock valued at $264,000 after acquiring an additional 17,250 shares in the last quarter. Jump Financial LLC lifted its position in shares of Upland Software by 494.4% in the fourth quarter. Jump Financial LLC now owns 64,200 shares of the software maker's stock worth $272,000 after purchasing an additional 53,400 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in 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 during the last quarter. Verdad Advisers LP acquired a new position in Upland Software during the fourth quarter worth $337,000. Finally, Oxford Asset Management LLP bought a new position in Upland Software in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 77.78% of the company's stock.

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.

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