Upland Software, Inc. (NASDAQ: UPLD) Receives Consensus “Buy” Recommendation from Analysts
Upland Software, Inc. (NASDAQ:UPLD) has been assigned a consensus rating of “Buy” by the nine analysts who cover the company, reports Marketbeat.com. One investment analyst gave the stock a hold rating and five gave the company a buy rating. The 1-year average price target among brokerages that have issued ratings on the stock in the past year is $32.11.
UPLD has been the subject of several research reports. cut its price target on Upland Software shares from $48.00 to $35.00 and set a “buy” rating on the stock in a Thursday, Nov. 4, research report. Needham & Company LLC cut its price target on Upland Software stock from $60.00 to $40.00 and set a “buy” rating on the stock in a Thursday, Nov. 4, research report. Zacks Investment Research moved Upland Software’s stock from a “hold” rating to a “buy” rating and set a price target of $24.00 on the stock in a research report on Friday. Truist Securities cut its price target on Upland Software shares from $44.00 to $30.00 in a Tuesday, January 11 research report. Finally, Truist cut its price target on Upland Software stock from $44.00 to $30.00 in a Tuesday, January 11 research report.
Shares of UPLD action opened at $20.21 on Friday. The company has a debt ratio of 1.68, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market capitalization of $617.01 million, a PE ratio of -10.81, a growth price-earnings ratio of 4.37 and a beta of 1.00. The company has a 50-day moving average of $20.28 and a two-hundred-day moving average of $30.96. Upland Software has a 1 year minimum of $17.35 and a 1 year maximum of $53.00.
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Upland Software Inc (NASDAQ:UPLD) last announced its results on Wednesday, November 3. The software maker reported earnings per share of $0.57 for the quarter, beating Thomson Reuters consensus estimate of $0.12 by $0.45. The company posted revenue of $76.05 million in the quarter, versus analyst estimates of $77.71 million. Upland Software recorded a negative net margin of 18.52% and a positive return on equity of 5.83%. In the same quarter last year, the company posted earnings per share of $0.17. Sell-side analysts expect Upland Software to post 0.4 EPS for the current fiscal year.
In related news, EVP Kinloch Gill III sold 3,481 shares of the company in a transaction that took place on Thursday, November 18. The shares were sold at an average price of $21.97, for a total value of $76,477.57. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website. 6.90% of the shares are held by insiders of the company.
Institutional investors have recently changed their positions in the company. US Bancorp DE increased its stake in Upland Software to 85.7% in the second quarter. US Bancorp DE now owns 795 shares of the software maker valued at $33,000 after buying 367 additional shares in the last quarter. UBS Group AG increased its stake in Upland Software by 71.1% in the third quarter. UBS Group AG now owns 1,913 shares of the software maker valued at $64,000 after buying an additional 795 shares in the last quarter. Squarepoint Ops LLC bought a new position in Upland Software in the second quarter, valued at approximately $216,000. Axiom Investment Management LLC bought a new position in shares of Upland Software during the second quarter for a value of approximately $218,000. Finally, Amalgamated Bank bought a new position in Upland Software stock during the second quarter worth approximately $222,000. Institutional investors hold 78.12% of the company’s shares.
About Upland Software
Upland Software, Inc is engaged in providing cloud-based enterprise work management software that enables organizations to plan, manage and execute projects and jobs. It offers customer experience management, cloud, enterprise sales and marketing cloud, project management and IT cloud, and document workflow cloud.
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