BidaskClub upgraded shares of Upland Software (NASDAQ:UPLD) from a buy rating to a strong-buy rating in a report issued on Thursday morning.

UPLD has been the subject of several other research reports. SunTrust Banks reissued a buy rating and issued a $32.00 target price on shares of Upland Software in a research note on Friday, March 9th. Zacks Investment Research downgraded shares of Upland Software from a buy rating to a hold rating in a research note on Tuesday, January 23rd. Canaccord Genuity boosted their target price on shares of Upland Software from $27.00 to $32.00 and gave the company a buy rating in a research note on Friday, March 9th. ValuEngine raised shares of Upland Software from a sell rating to a hold rating in a research note on Tuesday, February 13th. Finally, Needham & Company LLC boosted their target price on shares of Upland Software from $29.00 to $32.00 and gave the company a buy rating in a research note on Friday, March 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $31.33.

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Shares of Upland Software stock traded up $0.63 during mid-day trading on Thursday, reaching $30.68. 364,119 shares of the company traded hands, compared to its average volume of 238,512. Upland Software has a 12-month low of $14.53 and a 12-month high of $31.70. The firm has a market cap of $607.89, a P/E ratio of -30.35, a price-to-earnings-growth ratio of 1.97 and a beta of 0.52. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.19.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, March 8th. The software maker reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.10. Upland Software had a negative net margin of 19.12% and a negative return on equity of 3.16%. The firm had revenue of $27.80 million during the quarter, compared to the consensus estimate of $27.15 million. During the same quarter in the previous year, the company posted $0.12 EPS. The firm’s revenue for the quarter was up 43.3% on a year-over-year basis. sell-side analysts predict that Upland Software will post 0.74 EPS for the current year.

In other Upland Software news, COO Timothy Mattox sold 17,000 shares of Upland Software stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $26.09, for a total value of $443,530.00. Following the completion of the sale, the chief operating officer now owns 420,204 shares in the company, valued at approximately $10,963,122.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John T. Mcdonald sold 67,500 shares of Upland Software stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $22.23, for a total value of $1,500,525.00. Following the completion of the sale, the chief executive officer now owns 1,758,288 shares of the company’s stock, valued at approximately $39,086,742.24. The disclosure for this sale can be found here. Insiders sold a total of 270,000 shares of company stock valued at $6,857,330 in the last 90 days. 30.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of UPLD. Park West Asset Management LLC grew its holdings in Upland Software by 407.9% in the 4th quarter. Park West Asset Management LLC now owns 2,040,520 shares of the software maker’s stock valued at $44,198,000 after buying an additional 1,638,744 shares during the period. Boston Advisors LLC purchased a new stake in Upland Software in the 4th quarter valued at about $5,688,000. Millennium Management LLC grew its holdings in Upland Software by 98.9% in the 4th quarter. Millennium Management LLC now owns 470,868 shares of the software maker’s stock valued at $10,199,000 after buying an additional 234,191 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Upland Software by 73.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 440,828 shares of the software maker’s stock valued at $9,548,000 after buying an additional 186,914 shares during the period. Finally, Pembroke Management LTD grew its holdings in Upland Software by 23.4% in the 4th quarter. Pembroke Management LTD now owns 768,900 shares of the software maker’s stock valued at $16,654,000 after buying an additional 145,800 shares during the period. Institutional investors own 50.19% of the company’s stock.

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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)

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