Upland Software (NASDAQ:UPLD) Stock Crosses Below 50-Day Moving Average of $2.31

Shares of Upland Software, Inc. (NASDAQ:UPLD) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.31 and traded as low as $2.03. Upland Software shares last traded at $2.21, with a volume of 59,700 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UPLD. StockNews.com lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Saturday, August 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a report on Friday, August 2nd. Roth Capital raised Upland Software from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Roth Mkm reaffirmed a “sell” rating and issued a $2.50 price objective (down previously from $3.00) on shares of Upland Software in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.75.

Upland Software Stock Up 4.2 %

The company has a debt-to-equity ratio of 72.71, a current ratio of 2.37 and a quick ratio of 2.37. The company has a 50-day moving average price of $2.31 and a 200 day moving average price of $2.60. The firm has a market capitalization of $60.98 million, a PE ratio of -0.47 and a beta of 1.14.

Upland Software (NASDAQ:UPLD) last posted its quarterly 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 positive return on equity of 19.98% and a negative net margin of 46.18%. The business had revenue of $69.34 million during the quarter, compared to the consensus estimate of $67.91 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. Analysts forecast that Upland Software, Inc. will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO John T. Mcdonald bought 33,635 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $1.98 per share, for a total transaction of $66,597.30. Following the completion of the transaction, the chief executive officer now owns 297,373 shares of the company’s stock, valued at $588,798.54. The purchase 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.

Institutional Trading of Upland Software

Several hedge funds have recently modified their holdings of UPLD. Assenagon Asset Management S.A. increased its position in Upland Software by 4.2% in the second quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock worth $374,000 after purchasing an additional 6,018 shares during the last quarter. Rice Hall James & Associates LLC raised its position in Upland Software by 3.7% during the second quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock valued at $681,000 after purchasing an additional 9,755 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in shares of Upland Software in the 1st quarter valued at approximately $34,000. Pingora Partners LLC purchased a new position in shares of Upland Software in the 4th quarter worth approximately $50,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Upland Software in the 1st quarter worth approximately $37,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

Upland Software Company Profile

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.