Upland Software (UPLD) Rating Lowered to Sell at ValuEngine

Upland Software (NASDAQ:UPLD) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday.

Other equities analysts have also issued reports about the company. Canaccord Genuity upped their target price on Upland Software from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research raised Upland Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $26.40.

Upland Software (NASDAQ:UPLD) opened at $23.13 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.28 and a current ratio of 1.28. Upland Software has a 12-month low of $8.19 and a 12-month high of $25.56.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. The company had revenue of $26.07 million for the quarter, compared to analyst estimates of $25.33 million. During the same period in the prior year, the firm earned $0.11 earnings per share. Upland Software’s revenue for the quarter was up 35.5% on a year-over-year basis. equities analysts predict that Upland Software will post 0.48 earnings per share for the current year.

In related news, CFO Michael Douglass Hill sold 20,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $21.43, for a total value of $428,600.00. Following the completion of the sale, the chief financial officer now directly owns 308,837 shares of the company’s stock, valued at approximately $6,618,376.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Systems Corp Wave sold 44,903 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $22.06, for a total value of $990,560.18. The disclosure for this sale can be found here. Insiders have sold 225,304 shares of company stock worth $4,984,276 over the last ninety days. 30.20% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in Upland Software by 784.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock valued at $158,000 after buying an additional 6,367 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in Upland Software in the 2nd quarter valued at $172,000. Sterling Capital Management LLC purchased a new stake in Upland Software in the 2nd quarter valued at $201,000. Bessemer Group Inc. purchased a new stake in Upland Software in the 3rd quarter valued at $203,000. Finally, Menta Capital LLC purchased a new stake in Upland Software in the 2nd quarter valued at $249,000. 30.10% of the stock is owned by institutional investors and hedge funds.

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About Upland Software

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.

Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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