Upland Software (NASDAQ:UPLD) Upgraded at StockNews.com

StockNews.com upgraded shares of Upland Software (NASDAQ:UPLD) from a hold rating to a buy rating in a research note published on Monday.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group cut their price objective on shares of Upland Software from $7.00 to $5.00 and set a buy rating on the stock in a report on Friday, May 3rd. Needham & Company LLC restated a hold rating on shares of Upland Software in a research report on Friday, May 3rd. William Blair reiterated an outperform rating on shares of Upland Software in a report on Friday, May 3rd. Finally, Roth Mkm reiterated a sell rating and issued a $2.50 price objective (down from $3.00) on shares of Upland Software in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Upland Software currently has a consensus rating of Hold and a consensus target price of $3.75.

Upland Software Trading Down 6.6 %

Shares of Upland Software stock opened at $2.40 on Monday. The company has a debt-to-equity ratio of 23.49, a current ratio of 2.34 and a quick ratio of 2.34. Upland Software has a 1 year low of $1.89 and a 1 year high of $5.28. The company has a market capitalization of $66.22 million, a P/E ratio of -0.51 and a beta of 1.13. The business has a 50 day moving average price of $2.60 and a 200 day moving average price of $3.35.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.09. Upland Software had a negative net margin of 46.64% and a positive return on equity of 13.87%. The company had revenue of $70.74 million during the quarter, compared to analysts’ expectations of $68.29 million. Sell-side analysts anticipate that Upland Software will post 0.17 EPS for the current fiscal year.

Institutional Trading of Upland Software

A number of hedge funds have recently modified their holdings of UPLD. B. Riley Asset Management LLC raised its position in Upland Software by 1.6% during the third quarter. B. Riley Asset Management LLC now owns 1,567,243 shares of the software maker’s stock valued at $7,241,000 after buying an additional 25,000 shares during the period. First Dallas Securities Inc. boosted its stake in shares of Upland Software by 1,896.2% during the 3rd quarter. First Dallas Securities Inc. now owns 1,427,314 shares of the software maker’s stock valued at $6,594,000 after buying an additional 1,355,814 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Upland Software by 3.4% during the 3rd quarter. Acadian Asset Management LLC now owns 1,331,381 shares of the software maker’s stock valued at $6,150,000 after acquiring an additional 43,479 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Upland Software by 21.0% during the 4th quarter. First Eagle Investment Management LLC now owns 839,183 shares of the software maker’s stock worth $3,550,000 after purchasing an additional 145,405 shares during the last quarter. Finally, River & Mercantile Asset Management LLP grew its holdings in Upland Software by 14.4% during the third quarter. River & Mercantile Asset Management LLP now owns 212,028 shares of the software maker’s stock valued at $979,000 after purchasing an additional 26,619 shares during the last quarter. Hedge funds and other institutional investors own 77.78% of the company’s stock.

About Upland Software

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.