Upland Software (NASDAQ:UPLD) Given New $6.00 Price Target at Needham & Company LLC

by · The Markets Daily

Upland Software (NASDAQ:UPLD – Free Report) had its target price cut by Needham & Company LLC from $10.00 to $6.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Upland Software in a research report on Friday, September 25th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.50.

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Upland Software Stock Down 16.4%

UPLD opened at $3.93 on Thursday. Upland Software has a 12-month low of $2.75 and a 12-month high of $21.50. The stock has a market cap of $11.63 million, a price-to-earnings ratio of 0.74 and a beta of 1.42. The business has a 50 day moving average of $3.69 and a 200-day moving average of $6.33.

Upland Software (NASDAQ:UPLD – Get Free Report) last issued its earnings results on Wednesday, November 4th. The software maker reported $1.71 EPS for the quarter, topping the consensus estimate of $1.60 by $0.11. The company had revenue of $47.53 million during the quarter, compared to the consensus estimate of $47.20 million. Upland Software had a negative return on equity of 38.17% and a negative net margin of 18.44%.

Institutional Investors Weigh In On Upland Software

An institutional investor recently raised its position in Upland Software stock. Rice Hall James & Associates LLC raised its position in shares of Upland Software, Inc. (NASDAQ:UPLD – Free Report) by 9.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 974,448 shares of the software maker’s stock after acquiring an additional 80,751 shares during the period. Rice Hall James & Associates LLC owned approximately 3.32% of Upland Software worth $649,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Upland Software Company Profile

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Upland Software, Inc is an enterprise software company that develops cloud-based applications for managing work, customer relationships and business processes. Its software is designed to help organizations automate workflows, organize information, improve collaboration and measure operational performance across departments.

Upland’s product portfolio has included solutions for project and portfolio management, enterprise content management, knowledge management, customer experience, customer service, sales enablement, communications and information technology service management.

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