Upland Software, Inc. (NASDAQ:UPLD) Given Average Rating of “Moderate Buy” by Brokerages

Upland Software, Inc. (NASDAQ:UPLD) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $3.75.

UPLD has been the subject of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Friday, August 2nd. StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Roth Capital upgraded shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, August 7th.

Upland Software Trading Down 7.7 %

Shares of Upland Software stock opened at $2.16 on Friday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 72.71. The firm has a market cap of $59.60 million, a price-to-earnings ratio of -0.45 and a beta of 1.13. Upland Software has a 52-week low of $1.79 and a 52-week high of $5.28. The company’s 50-day simple moving average is $2.34 and its 200-day simple moving average is $2.43.

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

Insiders Place Their Bets

In other news, CEO John T. Mcdonald purchased 33,635 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $1.98 per share, for a total transaction of $66,597.30. Following the completion of the transaction, the chief executive officer now directly owns 297,373 shares in the company, valued at $588,798.54. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 11.30% of the stock is owned by company insiders.

Institutional Trading of Upland Software

Several institutional investors and hedge funds have recently modified their holdings of UPLD. State Board of Administration of Florida Retirement System purchased a new position in shares of Upland Software during the 1st quarter worth approximately $34,000. Assenagon Asset Management S.A. increased its position in Upland Software by 4.2% during the second quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock worth $374,000 after buying an additional 6,018 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Upland Software in the first quarter worth $37,000. Renaissance Technologies LLC lifted its position in shares of Upland Software by 180.6% in the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock valued at $718,000 after acquiring an additional 185,617 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new stake in shares of Upland Software during the second quarter valued at $185,000. 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.