Upland Software (NASDAQ:UPLD) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Upland Software (NASDAQ:UPLD) in a report released on Friday morning, Benzinga reports.

A number of other research analysts have also issued reports on the company. William Blair reiterated an outperform rating on shares of Upland Software in a research report on Friday, May 3rd. Roth Mkm reiterated a sell rating and set a $2.50 target price (down previously from $3.00) on shares of Upland Software in a research report on Tuesday, May 7th. Canaccord Genuity Group decreased their price objective on Upland Software from $7.00 to $5.00 and set a buy rating on the stock in a report on Friday, May 3rd. Finally, StockNews.com lowered Upland Software from a buy rating to a hold rating in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $3.75.

Upland Software Stock Performance

Upland Software stock opened at $2.50 on Friday. The company has a debt-to-equity ratio of 23.49, a quick ratio of 2.34 and a current ratio of 2.34. Upland Software has a 12 month low of $1.89 and a 12 month high of $5.28. The stock’s 50 day simple moving average is $2.53 and its two-hundred day simple moving average is $2.94.

Upland Software (NASDAQ:UPLD) last announced 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 negative net margin of 46.18% and a positive return on equity of 15.31%. The business had revenue of $69.34 million for the quarter, compared to analysts’ expectations of $67.91 million. During the same quarter last year, the business earned $0.04 EPS. On average, equities analysts expect that Upland Software will post 0.17 earnings per share for the current year.

Institutional Trading of Upland Software

A number of hedge funds and other institutional investors have recently modified their holdings of UPLD. NBC Securities Inc. increased its stake in shares of Upland Software by 38.1% in the 4th quarter. NBC Securities Inc. now owns 62,500 shares of the software maker’s stock worth $264,000 after acquiring an additional 17,250 shares during the last quarter. Jump Financial LLC increased its position in shares of Upland Software by 494.4% during the 4th quarter. Jump Financial LLC now owns 64,200 shares of the software maker’s stock worth $272,000 after purchasing an additional 53,400 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Upland Software by 21.0% during the 4th quarter. First Eagle Investment Management LLC now owns 839,183 shares of the software maker’s stock worth $3,550,000 after purchasing an additional 145,405 shares during the last quarter. Verdad Advisers LP acquired a new stake in shares of Upland Software during the 4th quarter worth about $337,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Upland Software during the 4th quarter worth about $52,000. 77.78% of the stock is owned by institutional investors and hedge funds.

Upland Software Company Profile

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.