Upland Software (NASDAQ:UPLD) Stock Price Passes Below 200-Day Moving Average – Time to Sell?
by Teresa Graham · The Cerbat GemShares of Upland Software, Inc. (NASDAQ:UPLD – Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.19 and traded as low as $0.7195. Upland Software shares last traded at $0.7799, with a volume of 208,902 shares.
Wall Street Analysts Forecast Growth
UPLD has been the topic of several analyst reports. Canaccord Genuity Group decreased their price objective on Upland Software from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Upland Software in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.67.
Get Our Latest Analysis on UPLD
Upland Software Trading Up 7.3%
The firm has a market capitalization of $22.90 million, a PE ratio of -1.11 and a beta of 1.22. The firm has a 50-day moving average of $0.67 and a two-hundred day moving average of $1.19.
Upland Software (NASDAQ:UPLD – Get Free Report) last issued its earnings results on Friday, May 1st. The software maker reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Upland Software had a negative return on equity of 51.46% and a negative net margin of 7.08%.The business had revenue of $48.69 million for the quarter, compared to analyst estimates of $48.50 million.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC purchased a new position in Upland Software in the second quarter valued at about $122,000. Goldman Sachs Group Inc. raised its position in Upland Software by 15.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 103,825 shares of the software maker’s stock valued at $148,000 after purchasing an additional 13,585 shares during the period. Ameriprise Financial Inc. raised its position in Upland Software by 10.8% in the third quarter. Ameriprise Financial Inc. now owns 1,320,696 shares of the software maker’s stock valued at $3,130,000 after purchasing an additional 128,200 shares during the period. Russell Investments Group Ltd. raised its position in Upland Software by 486.0% in the third quarter. Russell Investments Group Ltd. now owns 186,048 shares of the software maker’s stock valued at $441,000 after purchasing an additional 154,298 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in Upland Software in the third quarter valued at about $213,000. 77.78% of the stock is owned by hedge funds and other institutional investors.
Upland Software Company Profile
Upland Software, Inc is a provider of enterprise work management software delivered through a cloud-based, software-as-a-service model. The company offers a suite of integrated applications designed to help organizations plan, execute and measure work across various business functions including project management, marketing workflows, document automation and contract management.
Its flagship product lines include Upland PSA for professional services automation, Upland Bluebeam for digital collaboration in architecture and engineering workflows, Upland Qvidian for proposal automation, and Upland Pinpoint for customer communication management.