Upland Software (NASDAQ:UPLD) Shares Cross Below 200-Day Moving Average – Time to Sell?

Upland Software, Inc. (NASDAQ:UPLD) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.26 and traded as low as $0.9302. Upland Software shares last traded at $0.9921, with a volume of 179,575 shares changing hands.

Wall Street Analyst Weigh In

UPLD has been the topic of several research reports. Canaccord Genuity Group cut their target price on Upland Software from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Upland Software in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3.67.

Upland Software Stock Performance

The firm has a market cap of $29.13 million, a price-to-earnings ratio of -1.42 and a beta of 1.22. The business’s 50 day moving average price is $0.67 and its 200 day moving average price is $1.26.

Upland Software (NASDAQ:UPLD) last posted its earnings results on Friday, May 1st. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $48.69 million during the quarter, compared to analysts’ expectations of $48.50 million. Upland Software had a negative net margin of 7.08% and a negative return on equity of 51.46%.

Institutional Investors Weigh In On Upland Software

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP purchased a new position in shares of Upland Software in the 3rd quarter valued at about $32,000. Dynamic Technology Lab Private Ltd purchased a new position in Upland Software during the third quarter worth approximately $34,000. NewEdge Advisors LLC grew its holdings in Upland Software by 697.1% in the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock valued at $34,000 after purchasing an additional 10,442 shares during the period. Centiva Capital LP acquired a new stake in Upland Software in the third quarter valued at approximately $52,000. Finally, XTX Topco Ltd purchased a new stake in shares of Upland Software in the fourth quarter valued at approximately $56,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

About Upland Software

Upland Software, Inc is a provider of enterprise work management software delivered through a cloud-based, software-as-a-service model. The company offers a suite of integrated applications designed to help organizations plan, execute and measure work across various business functions including project management, marketing workflows, document automation and contract management.

Its flagship product lines include Upland PSA for professional services automation, Upland Bluebeam for digital collaboration in architecture and engineering workflows, Upland Qvidian for proposal automation, and Upland Pinpoint for customer communication management.