Upland Software (NASDAQ:UPLD) Rating Increased to Buy at StockNews.com

Upland Software (NASDAQ:UPLD) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Other equities analysts have also recently issued reports about the stock. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research report on Friday, August 2nd. Roth Capital upgraded shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.75.

Upland Software Trading Down 2.1 %

Shares of NASDAQ UPLD traded down $0.05 during midday trading on Thursday, reaching $2.30. 144,154 shares of the stock were exchanged, compared to its average volume of 352,345. The business has a 50-day simple moving average of $2.25 and a two-hundred day simple moving average of $2.51. The company has a market capitalization of $63.46 million, a price-to-earnings ratio of -0.48 and a beta of 1.12. Upland Software has a 12 month low of $1.79 and a 12 month high of $5.28. The company has a debt-to-equity ratio of 72.71, a current ratio of 2.37 and a quick ratio of 2.37.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Thursday, August 1st. The software maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). The firm had revenue of $69.34 million for the quarter, compared to the consensus estimate of $67.91 million. Upland Software had a positive return on equity of 19.98% and a negative net margin of 46.18%. During the same period in the prior year, the business earned $0.04 earnings per share. As a group, equities research analysts expect that Upland Software will post 0.22 EPS for the current year.

Insider Buying and Selling

In related news, CEO John T. Mcdonald acquired 33,635 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $1.98 per share, for a total transaction of $66,597.30. Following the completion of the acquisition, the chief executive officer now directly owns 297,373 shares in the company, valued at approximately $588,798.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Upland Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPLD. Renaissance Technologies LLC increased its stake in Upland Software by 180.6% in the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock valued at $718,000 after buying an additional 185,617 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Upland Software by 21.0% in the 4th quarter. First Eagle Investment Management LLC now owns 839,183 shares of the software maker’s stock valued at $3,550,000 after buying an additional 145,405 shares during the last quarter. Verdad Advisers LP acquired a new stake in Upland Software in the 4th quarter valued at $337,000. Heron Bay Capital Management acquired a new position in shares of Upland Software during the 2nd quarter worth about $185,000. Finally, Jump Financial LLC increased its stake 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. 77.78% of the stock is currently 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.