Upland Software, Inc. (NASDAQ:UPLD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $23.00 price target on the software maker’s stock. Zacks Investment Research‘s target price suggests a potential upside of 8.49% from the stock’s current price.
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 equities analysts also recently issued reports on UPLD. BidaskClub downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Canaccord Genuity increased their price objective on shares of Upland Software from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.40.
Upland Software (UPLD) opened at $21.20 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.28 and a quick ratio of 1.41. Upland Software has a one year low of $8.19 and a one year high of $25.56.
Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, November 9th. The software maker reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $26.07 million for the quarter, compared to the consensus estimate of $25.33 million. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. equities research analysts expect that Upland Software will post 0.47 EPS for the current year.
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In other Upland Software news, Director David May sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $21.43, for a total value of $535,750.00. Following the completion of the sale, the director now directly owns 138,500 shares in the company, valued at $2,968,055. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Systems Corp Wave sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $22.46, for a total transaction of $449,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 170,108 shares of company stock worth $3,743,473. Insiders own 30.20% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pembroke Management LTD boosted its stake in Upland Software by 4.0% in the third quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock valued at $13,185,000 after acquiring an additional 24,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in Upland Software by 55.3% in the second quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock valued at $8,883,000 after acquiring an additional 143,808 shares in the last quarter. Lyon Street Capital LLC boosted its stake in Upland Software by 16.8% in the third quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock valued at $8,229,000 after acquiring an additional 55,965 shares in the last quarter. Precept Management LLC boosted its stake in Upland Software by 41.3% in the second quarter. Precept Management LLC now owns 278,700 shares of the software maker’s stock valued at $6,129,000 after acquiring an additional 81,425 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new stake in Upland Software in the second quarter valued at approximately $5,584,000. Institutional investors own 25.87% of the company’s stock.
Upland Software Company Profile
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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