Shares of Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $3.75.
UPLD has been the subject of a number of research reports. StockNews.com upgraded Upland Software from a "hold" rating to a "buy" rating in a research note on Thursday, September 12th. Roth Capital upgraded Upland Software from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a research report on Friday, August 2nd.
View Our Latest Analysis on UPLD
Shares of NASDAQ UPLD opened at $2.19 on Friday. The business has a 50 day simple moving average of $2.33 and a 200-day simple moving average of $2.45. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.28. The company has a market capitalization of $60.43 million, a price-to-earnings ratio of -0.46 and a beta of 1.13. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 72.71.
Upland Software (NASDAQ:UPLD - Get Free Report) last released its earnings results on Thursday, August 1st. The software maker reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.14). Upland Software had a negative net margin of 46.18% and a positive return on equity of 19.98%. The business had revenue of $69.34 million for the quarter, compared to the consensus estimate of $67.91 million. During the same quarter in the previous year, the firm earned $0.04 EPS. As a group, equities research analysts expect that Upland Software will post 0.31 earnings per share for the current year.
In other Upland Software news, CEO John T. Mcdonald acquired 33,635 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $1.98 per share, with a total value of $66,597.30. Following the acquisition, the chief executive officer now directly owns 297,373 shares of the company's stock, valued at $588,798.54. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.30% of the company's stock.
Several hedge funds have recently added to or reduced their stakes in UPLD. Mackenzie Financial Corp increased its holdings in shares of 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 purchasing an additional 12,898 shares during the period. Heron Bay Capital Management bought a new position in Upland Software in the 2nd quarter valued at about $185,000. Renaissance Technologies LLC increased its stake in Upland Software by 180.6% during the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker's stock valued at $718,000 after buying an additional 185,617 shares during the period. Rice Hall James & Associates LLC raised its position in shares of Upland Software by 3.7% during the 2nd quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker's stock worth $681,000 after buying an additional 9,755 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker's stock worth $374,000 after acquiring an additional 6,018 shares during the period. Institutional investors own 77.78% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Upland Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Upland Software wasn't on the list.
While Upland Software currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.