Upland Software, Inc. (NASDAQ:UPLD) Given Average Rating of “Moderate Buy” by Analysts

Shares of Upland Software, Inc. (NASDAQ:UPLD) have earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $3.75.

UPLD has been the topic of a number of recent research reports. StockNews.com raised Upland Software from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Friday, August 2nd. Finally, Roth Capital raised Upland Software from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, August 7th.

Insiders Place Their Bets

In related news, CEO John T. Mcdonald acquired 33,635 shares of the stock in a transaction on Thursday, August 8th. The stock was 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 of the company’s stock, valued at approximately $588,798.54. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Upland Software

Several large investors have recently made changes to their positions in the business. Mackenzie Financial Corp lifted its holdings in shares of Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after purchasing an additional 12,898 shares during the last quarter. Heron Bay Capital Management bought a new stake in shares of Upland Software during the second quarter valued at approximately $185,000. Renaissance Technologies LLC increased its position in shares of Upland Software by 180.6% during the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock valued at $718,000 after acquiring an additional 185,617 shares in the last quarter. Rice Hall James & Associates LLC increased its position in shares of Upland Software by 3.7% during the second quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock valued at $681,000 after acquiring an additional 9,755 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock worth $374,000 after purchasing an additional 6,018 shares during the period. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

Upland Software Stock Down 3.6 %

UPLD opened at $2.65 on Monday. The stock has a market cap of $73.12 million, a PE ratio of -0.56 and a beta of 1.13. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 72.71. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.28. The business’s fifty day simple moving average is $2.28 and its 200 day simple moving average is $2.50.

Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, August 1st. The software maker reported $0.01 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 19.98%. The firm had revenue of $69.34 million during the quarter, compared to the consensus estimate of $67.91 million. During the same period in the prior year, the company earned $0.04 EPS. As a group, research analysts expect that Upland Software will post 0.22 earnings per share for the current fiscal year.

About Upland Software

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.