Upland Software (UPLD) Lowered to Sell at BidaskClub

BidaskClub lowered shares of Upland Software (NASDAQ:UPLD) from a hold rating to a sell rating in a research report sent to investors on Friday.

Several other brokerages also recently weighed in on UPLD. Zacks Investment Research downgraded Upland Software from a buy rating to a strong sell rating in a research note on Wednesday, August 15th. ValuEngine downgraded Upland Software from a buy rating to a hold rating in a research note on Tuesday, October 2nd. Roth Capital upgraded Upland Software from a neutral rating to a buy rating and dropped their price target for the company from $26.00 to $11.50 in a research note on Thursday, August 9th. Needham & Company LLC boosted their price target on Upland Software from $37.00 to $40.00 and gave the company a buy rating in a research note on Thursday, August 9th. Finally, Canaccord Genuity boosted their price target on Upland Software from $35.00 to $38.00 and gave the company a buy rating in a research note on Friday, June 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $34.64.

Shares of UPLD stock opened at $32.20 on Friday. Upland Software has a 1-year low of $18.52 and a 1-year high of $38.30. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.74. The firm has a market cap of $696.53 million, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 2.03 and a beta of 0.48.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Wednesday, August 8th. The software maker reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). Upland Software had a positive return on equity of 19.31% and a negative net margin of 12.92%. The business had revenue of $35.95 million for the quarter, compared to analysts’ expectations of $34.06 million. During the same quarter last year, the firm earned ($0.33) earnings per share. The firm’s quarterly revenue was up 54.3% compared to the same quarter last year. On average, equities research analysts forecast that Upland Software will post 0.8 earnings per share for the current fiscal year.

In other Upland Software news, CEO John T. Mcdonald sold 26,390 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $36.03, for a total transaction of $950,831.70. Following the sale, the chief executive officer now owns 1,700,144 shares in the company, valued at approximately $61,256,188.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Timothy Mattox sold 1,099 shares of the business’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $38.00, for a total value of $41,762.00. Following the sale, the chief operating officer now owns 449,690 shares in the company, valued at approximately $17,088,220. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,189,107 shares of company stock worth $41,736,778. Company insiders own 14.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC purchased a new stake in shares of Upland Software in the first quarter worth about $136,000. Envestnet Asset Management Inc. purchased a new stake in shares of Upland Software in the second quarter worth about $161,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Upland Software in the second quarter worth about $182,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Upland Software in the second quarter worth about $203,000. Finally, PEAK6 Investments L.P. purchased a new stake in shares of Upland Software in the second quarter worth about $203,000. Institutional investors and hedge funds own 52.26% of the company’s stock.

Upland Software Company Profile

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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