Upland Software Inc (UPLD) Receives Average Rating of “Buy” from Analysts
Shares of Upland Software Inc (NASDAQ:UPLD) have been given a consensus rating of “Buy” by the ten analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $26.40.
A number of brokerages have commented on UPLD. Zacks Investment Research cut shares of Upland Software from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th. BidaskClub upgraded shares of Upland Software from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, ValuEngine cut shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.
In other news, major shareholder Systems Corp Wave sold 44,903 shares of Upland Software stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $22.06, for a total value of $990,560.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Douglass Hill sold 20,000 shares of Upland Software stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $24.31, for a total transaction of $486,200.00. The disclosure for this sale can be found here. Insiders sold 261,253 shares of company stock valued at $5,767,875 in the last quarter. 30.20% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of Upland Software by 784.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock valued at $158,000 after acquiring an additional 6,367 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of Upland Software in the second quarter valued at approximately $172,000. Sterling Capital Management LLC bought a new position in shares of Upland Software in the second quarter valued at approximately $201,000. Bessemer Group Inc. bought a new position in shares of Upland Software in the third quarter valued at approximately $203,000. Finally, Menta Capital LLC bought a new position in shares of Upland Software in the second quarter valued at approximately $249,000. Institutional investors own 30.10% of the company’s stock.
Shares of Upland Software (UPLD) traded up $0.07 on Friday, reaching $21.86. 159,369 shares of the company’s stock were exchanged, compared to its average volume of 120,268. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.28 and a quick ratio of 1.28. Upland Software has a 1 year low of $8.19 and a 1 year high of $25.56.
Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $26.07 million during the quarter, compared to analysts’ expectations of $25.33 million. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. sell-side analysts anticipate that Upland Software will post 0.48 earnings per share for the current fiscal year.
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Upland Software Company Profile
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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