Research Analysts’ Weekly Ratings Updates for Upland Software (UPLD)

Upland Software (NASDAQ: UPLD) has recently received a number of price target changes and ratings updates:

• 3/16/2023 – Upland Software is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 2/27/2023 – Upland Software had its price target lowered by analysts at Canaccord Genuity Group Inc. from $15.00 to $8.00. They now have a “buy” rating on the stock.
• 2/24/2023 – Upland Software was downgraded by analysts at Roth Capital from a “buy” rating to a “neutral” rating.
• 2/24/2023 – Upland Software was downgraded by analysts at Roth Mkm from a “buy” rating to a “neutral” rating. They now have a $8.00 price target on the stock.
• 2/24/2023 – Upland Software was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/24/2023 – Upland Software was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating.
• 2/24/2023 – Upland Software was downgraded by analysts at Truist Financial Co. from a “buy” rating to a “hold” rating. They now have a $9.00 price target on the stock, down previously from $11.00.
• 1/17/2023 – Upland Software was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.

Upland Software Stock Down 1.0 %

UPLD stock opened at $4.72 on Friday. Upland Software, Inc. has a 52-week low of $4.55 and a 52-week high of $18.39. The company’s 50 day simple moving average is $7.56 and its 200-day simple moving average is $7.81. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a market capitalization of $152.08 million, a P/E ratio of -2.13 and a beta of 0.87.

Upland Software (NASDAQ:UPLD – Get Rating) last posted its earnings results on Thursday, February 23rd. The software maker reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). The business had revenue of $78.81 million during the quarter, compared to the consensus estimate of $76.46 million. Upland Software had a positive return on equity of 8.44% and a negative net margin of 21.56%. As a group, equities research analysts anticipate that Upland Software, Inc. will post 0.28 EPS for the current year.

Insider Transactions at Upland Software

In related news, CEO John T. Mcdonald acquired 10,000 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were purchased at an average price of $4.75 per share, with a total value of $47,500.00. Following the acquisition, the chief executive officer now directly owns 263,738 shares in the company, valued at $1,252,755.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 7.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UPLD. BlackRock Inc. raised its holdings in Upland Software by 7.6% during the 3rd quarter. BlackRock Inc. now owns 2,446,754 shares of the software maker’s stock worth $19,892,000 after buying an additional 171,910 shares during the period. Vanguard Group Inc. raised its holdings in Upland Software by 10.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,185,822 shares of the software maker’s stock worth $17,771,000 after buying an additional 214,935 shares during the period. Hodges Capital Management Inc. raised its holdings in Upland Software by 163.5% during the 4th quarter. Hodges Capital Management Inc. now owns 1,214,258 shares of the software maker’s stock worth $8,658,000 after buying an additional 753,448 shares during the period. ArrowMark Colorado Holdings LLC raised its holdings in Upland Software by 29.9% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,211,701 shares of the software maker’s stock worth $8,639,000 after buying an additional 279,139 shares during the period. Finally, Federated Hermes Inc. raised its holdings in Upland Software by 1.6% during the 3rd quarter. Federated Hermes Inc. now owns 860,460 shares of the software maker’s stock worth $6,996,000 after buying an additional 13,265 shares during the period. Institutional investors own 96.10% of the company’s stock.

Upland Software, Inc engages in the provision of cloud-based enterprise work management software, which enables organizations to plan, manage and execute projects and work. It offers customer experience management, cloud, enterprise sales and marketing cloud, project and IT management cloud, and document workflow cloud.