Upland Software, Inc. (NASDAQ:UPLD) Receives $3.75 Consensus Price Target from Brokerages

Shares of Upland Software, Inc. (NASDAQ:UPLD) have been given an average rating of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $3.75.

Several research firms recently weighed in on UPLD. StockNews.com lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Tuesday. William Blair reissued an “outperform” rating on shares of Upland Software in a research note on Friday, May 3rd. Canaccord Genuity Group reduced their price objective on shares of Upland Software from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Friday, May 3rd. Finally, Roth Mkm reissued a “sell” rating and set a $2.50 price objective (down previously from $3.00) on shares of Upland Software in a research note on Tuesday, May 7th.

Institutional Trading of Upland Software

Several hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Upland Software by 100.3% in the third quarter. Barclays PLC now owns 70,663 shares of the software maker’s stock valued at $326,000 after purchasing an additional 35,378 shares during the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Upland Software in the third quarter valued at approximately $108,000. Hsbc Holdings PLC raised its holdings in shares of Upland Software by 6.8% in the third quarter. Hsbc Holdings PLC now owns 41,368 shares of the software maker’s stock valued at $192,000 after purchasing an additional 2,638 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Upland Software by 3.4% in the third quarter. Acadian Asset Management LLC now owns 1,331,381 shares of the software maker’s stock valued at $6,150,000 after purchasing an additional 43,479 shares during the last quarter. Finally, B. Riley Asset Management LLC raised its holdings in shares of Upland Software by 1.6% in 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 purchasing an additional 25,000 shares during the last quarter. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Upland Software Stock Down 3.3 %

Shares of NASDAQ UPLD opened at $2.51 on Friday. The firm has a market capitalization of $69.25 million, a PE ratio of -0.53 and a beta of 1.13. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 23.49. Upland Software has a 1 year low of $1.89 and a 1 year high of $5.28. The firm’s 50-day moving average is $2.60 and its 200-day moving average is $3.30.

Upland Software (NASDAQ:UPLD) last issued its earnings results 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 for the quarter, compared to analyst estimates of $68.29 million. Equities analysts expect that Upland Software will post 0.17 EPS for the current year.

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.