Brokerages Set Upland Software, Inc. (NASDAQ:UPLD) Target Price at $3.75

by · The Cerbat Gem

Shares of Upland Software, Inc. (NASDAQ:UPLD – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $3.75.

Several equities analysts recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a report on Friday, August 2nd. Roth Capital upgraded shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, September 12th.

Check Out Our Latest Stock Analysis on Upland Software

Insiders Place Their Bets

In related news, CEO John T. Mcdonald bought 33,635 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $1.98 per share, for a total transaction of $66,597.30. Following the purchase, the chief executive officer now directly owns 297,373 shares of the company’s stock, valued at approximately $588,798.54. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 11.30% of the company’s stock.

Hedge Funds Weigh In On Upland Software

A number of hedge funds and other institutional investors have recently modified their holdings of UPLD. State Board of Administration of Florida Retirement System bought a new position in shares of Upland Software during the first quarter valued at approximately $34,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Upland Software during the first quarter valued at approximately $37,000. Mackenzie Financial Corp lifted its position in Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after acquiring an additional 12,898 shares during the last quarter. Heron Bay Capital Management purchased a new stake in Upland Software during the second quarter valued at approximately $185,000. Finally, Assenagon Asset Management S.A. lifted its position in Upland Software by 4.2% during the second quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock valued at $374,000 after acquiring an additional 6,018 shares during the last quarter. 77.78% of the stock is currently owned by institutional investors.

Upland Software Stock Down 3.6 %

Shares of NASDAQ UPLD opened at $2.65 on Monday. The firm’s 50-day moving average price is $2.28 and its 200-day moving average price is $2.50. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 72.71. The stock has a market capitalization of $73.12 million, a price-to-earnings ratio of -0.56 and a beta of 1.13. Upland Software has a 12-month low of $1.79 and a 12-month high of $5.28.

Upland Software (NASDAQ:UPLD – Get Free Report) last announced its earnings results on Thursday, August 1st. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.14). The business had revenue of $69.34 million for the quarter, compared to analysts’ expectations of $67.91 million. Upland Software had a negative net margin of 46.18% and a positive return on equity of 19.98%. During the same quarter in the prior year, the company posted $0.04 earnings per share. On average, equities research analysts anticipate that Upland Software will post 0.22 EPS for the current fiscal year.

Upland Software Company Profile

(Get Free Report

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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