Upland Software, Inc. (UPLD) Given Average Recommendation of “Buy” by Brokerages
Upland Software, Inc. (NASDAQ:UPLD) has earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $27.25.
Several brokerages recently issued reports on UPLD. Canaccord Genuity increased their price objective on Upland Software from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. BidaskClub downgraded Upland Software from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded Upland Software from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. TheStreet raised Upland Software from a “d” rating to a “c-” rating in a research note on Tuesday, July 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $29.00 price objective (up from $25.00) on shares of Upland Software in a research note on Friday, July 14th.
Upland Software (UPLD) traded up 0.75% during midday trading on Wednesday, reaching $22.89. 159,568 shares of the company traded hands. Upland Software has a 12 month low of $7.48 and a 12 month high of $25.56. The firm’s market capitalization is $471.51 million. The company’s 50-day moving average price is $23.89 and its 200 day moving average price is $19.33.
Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.50. The business had revenue of $23.30 million during the quarter, compared to analysts’ expectations of $21.84 million. Upland Software had a negative return on equity of 23.25% and a negative net margin of 19.10%. The firm’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.22) earnings per share. On average, equities analysts anticipate that Upland Software will post $0.94 earnings per share for the current year.
In other news, major shareholder Systems Corp Wave sold 91,280 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $24.57, for a total transaction of $2,242,749.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 30.20% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Pembroke Management LTD increased its stake in Upland Software by 180.0% in the second quarter. Pembroke Management LTD now owns 599,100 shares of the software maker’s stock worth $13,174,000 after buying an additional 385,102 shares during the period. Vanguard Group Inc. increased its stake in Upland Software by 55.3% in the second quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock worth $8,883,000 after buying an additional 143,808 shares during the period. Lyon Street Capital LLC purchased a new stake in Upland Software during the second quarter worth $7,321,000. Precept Management LLC increased its stake in Upland Software by 41.3% in the second quarter. Precept Management LLC now owns 278,700 shares of the software maker’s stock worth $6,129,000 after buying an additional 81,425 shares during the period. Finally, UBS Asset Management Americas Inc. purchased a new stake in Upland Software during the second quarter worth $5,584,000. 27.18% of the stock is owned by institutional investors.
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About Upland Software
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
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