Upland Software, Inc. (NASDAQ:UPLD) Receives Consensus “Buy” Rating From Brokers
Upland Software, Inc. (NASDAQ: UPLD – Get a rating) received an average “Buy” rating from the ten research companies that currently cover the business, reports Marketbeat Ratings. Three investment analysts gave the stock a hold rating and three gave the company a buy rating. The 1-year average price target among analysts who have reported on the stock in the past year is $28.88.
A number of stock analysts have released reports on the stock. Canaccord Genuity Group cut its target price on Upland Software shares from $30.00 to $24.00 in a Friday, February 25 report. StockNews.com launched coverage on Upland Software stocks in a research note on Thursday. They issued a “hold” rating on the stock. Zacks Investment Research downgraded Upland Software’s shares from a “buy” rating to a “hold” rating in a Tuesday, March 15 research note. Truist Financial lowered its price target on shares of Upland Software from $44.00 to $30.00 in a Tuesday, January 11 research note. Finally, Roth Capital lowered its price target on Upland Software shares from $58.00 to $30.00 in a Friday, February 25 research note.
NASDAQ UPLD shares opened at $17.61 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt ratio of 1.63. The company’s 50-day moving average price is $17.95 and its two-hundred-day moving average price is $23.14. Upland Software has a 52 week minimum of $15.08 and a 52 week maximum of $53.00. The stock has a market capitalization of $548.25 million, a P/E ratio of -9.17 and a beta of 0.92.
Upland Software (NASDAQ:UPLD – Get a rating) last released its results on Thursday, February 24. The software maker reported earnings per share (EPS) of $0.60 for the quarter, beating the Zacks consensus estimate of $0.45 by $0.15. Upland Software recorded a negative net margin of 19.27% and a positive return on equity of 5.80%. The company posted revenue of $75.73 million for the quarter, compared to $75.44 million expected by analysts. In the same quarter last year, the company posted earnings per share of $0.29. Upland Software revenue decreased 3.2% year over year. As a group, equity research analysts expect Upland Software to post earnings per share of 0.6 for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of UPLD. Morgan Stanley increased its position in Upland Software by 418.2% in the second quarter. Morgan Stanley now owns 125,695 shares of the software maker worth $5,174,000 after buying an additional 101,441 shares in the last quarter. Invesco Ltd. increased its position in Upland Software by 15.8% in the second quarter. Invesco Ltd. now owns 16,453 shares of the software maker worth $677,000 after buying 2,248 more shares in the last quarter. Wells Fargo & Company MN increased its position in Upland Software by 17.3% in the second quarter. Wells Fargo & Company MN now owns 53,323 shares of the software maker worth $2,195,000 after buying an additional 7,863 shares in the last quarter. HighTower Trust Services LTA increased its position in Upland Software by 2.0% in the third quarter. HighTower Trust Services LTA now owns 67,576 shares of the software maker worth $2,260,000 after buying an additional 1,348 shares in the last quarter. Finally, AMG National Trust Bank acquired a new position in Upland Software in the third quarter worth approximately $852,000. Institutional investors and hedge funds hold 76.02% of the company’s shares.
Upland Software Company Profile (Get a rating)
Upland Software, Inc provides cloud-based enterprise work management software in the US, UK, Canada and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact centers, project management, information technology, business operations, human resources and legal.
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