Jefferies Financial Group started coverage on shares of Upland Software (NASDAQ:UPLD) in a research note published on Friday, Benzinga reports. The firm issued a buy rating and a $61.00 target price on the software maker’s stock.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Upland Software from a buy rating to a hold rating in a research report on Friday, April 19th. Zacks Investment Research downgraded shares of Upland Software from a strong-buy rating to a sell rating in a research report on Saturday, May 11th. Roth Capital raised their price objective on shares of Upland Software from $54.00 to $58.00 in a research report on Tuesday, May 28th. Needham & Company LLC lifted their price target on shares of Upland Software to $50.00 and gave the company a positive rating in a research report on Tuesday, April 23rd. Finally, SunTrust Banks lifted their price target on shares of Upland Software to $48.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Upland Software currently has an average rating of Buy and an average target price of $51.50.

Shares of NASDAQ:UPLD opened at $44.95 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $965.75 million, a P/E ratio of 38.09, a PEG ratio of 1.98 and a beta of 0.66. Upland Software has a 52 week low of $25.12 and a 52 week high of $50.64.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.20. The firm had revenue of $48.50 million during the quarter, compared to the consensus estimate of $48.39 million. Upland Software had a negative net margin of 8.77% and a positive return on equity of 27.01%. The firm’s revenue was up 53.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. On average, sell-side analysts anticipate that Upland Software will post 1.18 earnings per share for the current fiscal year.

In other news, COO Timothy Mattox sold 28,196 shares of Upland Software stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $40.27, for a total transaction of $1,135,452.92. Following the completion of the sale, the chief operating officer now directly owns 509,230 shares in the company, valued at approximately $20,506,692.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael Douglass Hill sold 41,431 shares of Upland Software stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $41.31, for a total transaction of $1,711,514.61. Following the sale, the chief financial officer now owns 304,435 shares of the company’s stock, valued at $12,576,209.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,431 shares of company stock valued at $3,359,128. Insiders own 11.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Upland Software by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 94,170 shares of the software maker’s stock worth $3,043,000 after purchasing an additional 4,280 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Upland Software by 7.6% during the 3rd quarter. Teachers Advisors LLC now owns 31,777 shares of the software maker’s stock worth $1,027,000 after purchasing an additional 2,249 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Upland Software by 8.0% during the 3rd quarter. Vanguard Group Inc. now owns 750,370 shares of the software maker’s stock worth $24,245,000 after purchasing an additional 55,637 shares during the last quarter. Rhumbline Advisers raised its position in shares of Upland Software by 49.8% during the 4th quarter. Rhumbline Advisers now owns 20,212 shares of the software maker’s stock worth $549,000 after purchasing an additional 6,717 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of Upland Software during the 4th quarter worth approximately $333,000. Institutional investors own 66.55% of the company’s stock.

Upland Software Company Profile

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

Further Reading: Short Selling

Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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