BidaskClub cut shares of Upland Software (NASDAQ:UPLD) from a hold rating to a sell rating in a research report released on Thursday morning.

Several other brokerages also recently commented on UPLD. Roth Capital upgraded Upland Software from a neutral rating to a buy rating and reduced their target price for the company from $26.00 to $11.50 in a research note on Thursday, August 9th. Needham & Company LLC raised their target price on Upland Software from $37.00 to $40.00 and gave the company a buy rating in a research note on Thursday, August 9th. ValuEngine upgraded Upland Software from a hold rating to a buy rating in a research note on Thursday, August 9th. Canaccord Genuity raised their target price on Upland Software from $35.00 to $38.00 and gave the company a buy rating in a research note on Friday, June 29th. Finally, Zacks Investment Research downgraded Upland Software from a buy rating to a strong sell rating in a research note on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $33.08.

UPLD stock opened at $33.45 on Thursday. Upland Software has a 1-year low of $18.52 and a 1-year high of $38.30. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $721.12 million, a PE ratio of 40.30, a price-to-earnings-growth ratio of 2.10 and a beta of 0.46.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Wednesday, August 8th. The software maker reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The business had revenue of $35.95 million during the quarter, compared to the consensus estimate of $34.06 million. Upland Software had a positive return on equity of 19.31% and a negative net margin of 12.92%. The business’s revenue was up 54.3% on a year-over-year basis. During the same period last year, the business posted ($0.33) earnings per share. analysts expect that Upland Software will post 0.8 earnings per share for the current year.

In other news, CFO Michael Douglass Hill sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $35.14, for a total value of $1,405,600.00. Following the completion of the sale, the chief financial officer now directly owns 283,896 shares in the company, valued at approximately $9,976,105.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Timothy Mattox sold 17,000 shares of the firm’s stock in a transaction dated Thursday, July 12th. The shares were sold at an average price of $36.03, for a total value of $612,510.00. Following the completion of the sale, the chief operating officer now owns 449,429 shares of the company’s stock, valued at $16,192,926.87. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,231,181 shares of company stock valued at $43,222,805. 14.70% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Upland Software by 164.3% during the 2nd quarter. BlackRock Inc. now owns 1,022,552 shares of the software maker’s stock valued at $35,145,000 after purchasing an additional 635,712 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Upland Software by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 291,200 shares of the software maker’s stock valued at $10,009,000 after purchasing an additional 21,200 shares during the last quarter. Castleark Management LLC boosted its stake in Upland Software by 123.8% during the 2nd quarter. Castleark Management LLC now owns 247,514 shares of the software maker’s stock valued at $8,507,000 after purchasing an additional 136,909 shares during the last quarter. Ardsley Advisory Partners boosted its stake in Upland Software by 11.9% during the 2nd quarter. Ardsley Advisory Partners now owns 235,000 shares of the software maker’s stock valued at $8,077,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Portolan Capital Management LLC boosted its stake in Upland Software by 68.9% during the 2nd quarter. Portolan Capital Management LLC now owns 231,389 shares of the software maker’s stock valued at $7,953,000 after purchasing an additional 94,412 shares during the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

About Upland Software

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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