Upland Software (NASDAQ:UPLD) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Saturday, BidAskClub reports.

Several other research firms have also recently weighed in on UPLD. Canaccord Genuity restated a “buy” rating and set a $52.00 price target on shares of Upland Software in a report on Monday, May 6th. They noted that the move was a valuation call. TheStreet cut Upland Software from a “b-” rating to a “c+” rating in a report on Wednesday, July 10th. SunTrust Banks raised their price target on Upland Software to $48.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. ValuEngine cut Upland Software from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $53.00 price target (up previously from $50.00) on shares of Upland Software in a report on Monday, June 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $51.88.

NASDAQ UPLD opened at $41.82 on Friday. The stock has a market capitalization of $1.04 billion, a PE ratio of 35.44, a P/E/G ratio of 1.37 and a beta of 0.57. The business has a 50 day simple moving average of $45.05 and a two-hundred day simple moving average of $42.75. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.46 and a quick ratio of 0.57. Upland Software has a 1-year low of $25.12 and a 1-year high of $54.87.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.21. The business had revenue of $53.01 million during the quarter, compared to analysts’ expectations of $51.51 million. Upland Software had a positive return on equity of 25.43% and a negative net margin of 8.03%. The firm’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.26) EPS. On average, analysts anticipate that Upland Software will post 1.51 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Aperio Group LLC bought a new stake in shares of Upland Software in the 2nd quarter valued at approximately $28,000. Tower Research Capital LLC TRC bought a new stake in shares of Upland Software in the 2nd quarter valued at approximately $41,000. Ashburton Jersey Ltd bought a new stake in shares of Upland Software in the 2nd quarter valued at approximately $57,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Upland Software by 77.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock valued at $63,000 after purchasing an additional 608 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Upland Software in the 2nd quarter valued at approximately $70,000. 72.44% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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