Zacks Investment Research upgraded shares of Upland Software, Inc. (NASDAQ:UPLD) from a hold rating to a buy rating in a research note released on Saturday, July 22nd. They currently have $28.00 price objective on the software maker’s stock.
According to Zacks, “Upland Software Inc. is a provider of cloud-based Enterprise Work Management software that helps organizations to plan, manage and execute projects and work. It provides services to teams in Information Technology (IT), marketing, finance, professional services and process excellences. The Company’s services include Professional Services, Education and Training and Global Support. Upland Software, Inc. is headquartered in Austin, Texas. “
A number of other analysts have also weighed in on the company. Needham & Company LLC raised their target price on Upland Software from $18.00 to $25.00 and gave the company a buy rating in a research note on Tuesday, April 25th. Craig Hallum started coverage on Upland Software in a report on Wednesday, April 19th. They set a buy rating on the stock. BidaskClub upgraded Upland Software from a hold rating to a buy rating in a report on Wednesday, July 12th. SunTrust Banks, Inc. started coverage on Upland Software in a research note on Monday, June 26th. They issued a buy rating and a $27.00 target price on the stock. Finally, TheStreet upgraded Upland Software from a d rating to a c- rating in a research note on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $27.40.
Shares of Upland Software (NASDAQ UPLD) traded up 0.73% during mid-day trading on Friday, hitting $23.58. 93,234 shares of the company were exchanged. The stock’s 50-day moving average price is $23.69 and its 200 day moving average price is $18.93. The stock’s market cap is $485.72 million. Upland Software has a 12-month low of $7.48 and a 12-month high of $25.56.
Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, August 10th. The software maker reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.17 by $0.50. The firm had revenue of $23.30 million during the quarter, compared to the consensus estimate of $21.84 million. Upland Software had a negative return on equity of 23.25% and a negative net margin of 19.10%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period last year, the business earned ($0.22) earnings per share. On average, equities analysts anticipate that Upland Software will post $0.94 EPS for the current fiscal year.
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In other Upland Software news, major shareholder Systems Corp Wave sold 91,280 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $24.57, for a total transaction of $2,242,749.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 30.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. White Pine Capital LLC raised its position in Upland Software by 24.6% in the second quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock valued at $616,000 after buying an additional 5,525 shares during the period. The Manufacturers Life Insurance Company raised its position in 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 worth $158,000 after buying an additional 6,367 shares during the last quarter. Renaissance Technologies LLC raised its position in Upland Software by 6.4% in the fourth quarter. Renaissance Technologies LLC now owns 113,000 shares of the software maker’s stock worth $1,011,000 after buying an additional 6,800 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in Upland Software during the second quarter valued at about $172,000. Finally, EAM Investors LLC increased its stake in Upland Software by 17.7% in the second quarter. EAM Investors LLC now owns 51,998 shares of the software maker’s stock valued at $1,143,000 after buying an additional 7,825 shares during the period. 12.64% of the stock is currently owned by hedge funds and other institutional investors.
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.
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