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.

WARNING: “Upland Software, Inc. (UPLD) Given Average Recommendation of “Buy” by Brokerages” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.watchlistnews.com/upland-software-inc-upld-given-average-recommendation-of-buy-by-brokerages/1532448.html.

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.

Analyst Recommendations for Upland Software (NASDAQ:UPLD)

Receive News & Ratings for Upland Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.