Upland Software (NASDAQ:UPLD – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.
Several other research firms have also recently commented on UPLD. Roth Mkm cut Upland Software from a “buy” rating to a “neutral” rating and set an $8.00 price target for the company. in a report on Friday. Truist Financial downgraded Upland Software from a “buy” rating to a “hold” rating and reduced their target price for the company from $11.00 to $9.00 in a research report on Friday. Needham & Company LLC lowered Upland Software from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James downgraded Upland Software from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 17th. Finally, Credit Suisse Group started coverage on shares of Upland Software in a research report on Monday, November 21st. They issued a “neutral” rating and a $8.00 target price on the stock. Seven research analysts have rated the stock with a hold rating. Based on data from MarketBeat, Upland Software currently has a consensus rating of “Hold” and an average target price of $14.13.
Upland Software Price Performance
NASDAQ:UPLD opened at $6.02 on Friday. Upland Software has a one year low of $5.31 and a one year high of $20.23. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a market cap of $191.30 million, a PE ratio of -2.71 and a beta of 0.79. The stock has a 50 day moving average price of $8.05 and a 200 day moving average price of $8.37.
Upland Software (NASDAQ:UPLD – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The software maker reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). Upland Software had a negative net margin of 16.93% and a positive return on equity of 8.14%. The company had revenue of $78.81 million during the quarter, compared to analyst estimates of $76.46 million. Equities research analysts expect that Upland Software will post 0.7 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of UPLD. Gladius Capital Management LP acquired a new position in Upland Software in the fourth quarter valued at about $37,000. Landscape Capital Management LLC acquired a new stake in shares of Upland Software during the fourth quarter worth about $74,000. Two Sigma Investments LP acquired a new stake in shares of Upland Software during the fourth quarter worth about $74,000. Ensign Peak Advisors Inc lifted its position in shares of Upland Software by 99.4% during the third quarter. Ensign Peak Advisors Inc now owns 9,850 shares of the software maker’s stock worth $80,000 after purchasing an additional 4,910 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Upland Software by 307.3% during the third quarter. UBS Group AG now owns 9,906 shares of the software maker’s stock worth $80,000 after purchasing an additional 7,474 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.
About Upland Software
Upland Software, Inc engages in the provision of cloud-based enterprise work management software, which enables organizations to plan, manage and execute projects and work. It offers customer experience management, cloud, enterprise sales and marketing cloud, project and IT management cloud, and document workflow cloud.
Receive News & Ratings for Upland Software Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Upland Software and related companies with MarketBeat.com’s FREE daily email newsletter.