Upland Software (NASDAQ:UPLD) Stock Crosses Above 50-Day Moving Average - Here's What Happened

Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.18 and traded as high as $4.38. Upland Software shares last traded at $4.30, with a volume of 265,560 shares changing hands.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a "hold" rating on shares of Upland Software in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Upland Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.75.

Upland Software Stock Performance

The company has a market cap of $118.00 million, a PE ratio of -0.95 and a beta of 1.28. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The firm's 50 day moving average is $4.22 and its 200-day moving average is $2.98.

Upland Software (NASDAQ:UPLD - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. Upland Software had a positive return on equity of 50.06% and a negative net margin of 44.92%. The business had revenue of $66.69 million during the quarter, compared to analyst estimates of $67.13 million. During the same period in the prior year, the business earned $0.22 earnings per share. On average, research analysts anticipate that Upland Software, Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC lifted its position in Upland Software by 115.4% in the third quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker's stock valued at $1,467,000 after buying an additional 315,651 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Upland Software by 180.6% in the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker's stock worth $718,000 after acquiring an additional 185,617 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Upland Software by 21.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker's stock worth $636,000 after purchasing an additional 45,705 shares during the period. FMR LLC increased its holdings in Upland Software by 30.0% in the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker's stock valued at $196,000 after purchasing an additional 18,134 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Upland Software by 74.6% in the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker's stock valued at $75,000 after purchasing an additional 12,898 shares during the period. Hedge funds and other institutional investors 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.