Analysts Set Upland Software, Inc. (NASDAQ:UPLD) Target Price at $3.75

Upland Software, Inc. (NASDAQ:UPLD) has received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $3.75.

Several equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a report on Friday, August 2nd. Roth Capital raised shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th.

Upland Software Price Performance

Shares of UPLD stock opened at $2.20 on Friday. The firm has a market capitalization of $60.70 million, a price-to-earnings ratio of -0.46 and a beta of 1.13. Upland Software has a fifty-two week low of $1.79 and a fifty-two week high of $5.28. The company has a debt-to-equity ratio of 72.71, a quick ratio of 2.37 and a current ratio of 2.37. The stock’s 50-day simple moving average is $2.34 and its 200-day simple moving average is $2.43.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, August 1st. The software maker reported $0.01 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.14). The business had revenue of $69.34 million during the quarter, compared to analysts’ expectations of $67.91 million. Upland Software had a negative net margin of 46.18% and a positive return on equity of 19.98%. During the same period in the previous year, the company posted $0.04 earnings per share. As a group, equities analysts forecast that Upland Software will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Upland Software news, CEO John T. Mcdonald purchased 33,635 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $1.98 per share, for a total transaction of $66,597.30. Following the acquisition, the chief executive officer now owns 297,373 shares of the company’s stock, valued at approximately $588,798.54. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 11.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System acquired a new stake in Upland Software in the first quarter valued at $34,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Upland Software in the 1st quarter valued at about $37,000. Mackenzie Financial Corp lifted its position in shares of Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after purchasing an additional 12,898 shares during the last quarter. Heron Bay Capital Management acquired a new position in Upland Software in the second quarter worth about $185,000. Finally, Assenagon Asset Management S.A. increased its holdings in Upland Software by 4.2% in the second quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock valued at $374,000 after buying an additional 6,018 shares during the last quarter. 77.78% of the stock is owned by hedge funds and other institutional investors.

Upland Software Company Profile

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.