Upland Software, Inc. (NASDAQ:UPLD) Given Consensus Rating of “Moderate Buy” by Brokerages

Upland Software, Inc. (NASDAQ:UPLD) has received an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One 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 issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $3.75.

A number of equities analysts have recently commented on UPLD shares. Roth Capital raised shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Friday, August 2nd. Finally, StockNews.com downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Saturday, August 24th.

Upland Software Stock Performance

NASDAQ:UPLD opened at $2.12 on Thursday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 72.71. The company has a market cap of $58.50 million, a P/E ratio of -0.45 and a beta of 1.14. Upland Software has a fifty-two week low of $1.79 and a fifty-two week high of $5.28. The firm’s 50 day moving average is $2.29 and its two-hundred day moving average is $2.58.

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 analysts’ consensus estimates of $0.15 by ($0.14). The company had revenue of $69.34 million for the quarter, compared to analysts’ expectations of $67.91 million. Upland Software had a positive return on equity of 19.98% and a negative net margin of 46.18%. During the same period in the prior year, the business earned $0.04 EPS. Analysts expect that Upland Software will post 0.17 EPS for the current year.

Insider Buying and Selling

In other news, CEO John T. Mcdonald purchased 33,635 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $1.98 per share, with a total value of $66,597.30. Following the purchase, the chief executive officer now directly owns 297,373 shares of the company’s stock, valued at approximately $588,798.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Upland Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPLD. Assenagon Asset Management S.A. grew its holdings in Upland Software by 4.2% during 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 in the last quarter. Rice Hall James & Associates LLC grew its holdings in 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 acquiring an additional 9,755 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in Upland Software during the 1st quarter worth $34,000. Pingora Partners LLC acquired a new position in Upland Software during the 4th quarter worth $50,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Upland Software during the 1st quarter worth $37,000. Hedge funds and other institutional investors own 77.78% of the company’s stock.

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.