Upland Software (NASDAQ:UPLD) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Upland Software, Inc. (NASDAQ:UPLD) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.19 and traded as low as $0.7195. Upland Software shares last traded at $0.7799, with a volume of 208,902 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on UPLD shares. Canaccord Genuity Group dropped their target price on Upland Software from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Upland Software in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $3.67.

Upland Software Stock Up 7.3%

The firm has a market capitalization of $22.90 million, a price-to-earnings ratio of -1.11 and a beta of 1.22. The stock has a 50 day moving average of $0.67 and a 200 day moving average of $1.19.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Friday, May 1st. The software maker reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $48.69 million during the quarter, compared to the consensus estimate of $48.50 million. Upland Software had a negative return on equity of 51.46% and a negative net margin of 7.08%.

Hedge Funds Weigh In On Upland Software

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in Upland Software by 697.1% in the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock worth $34,000 after purchasing an additional 10,442 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Upland Software in the third quarter worth about $32,000. Dynamic Technology Lab Private Ltd acquired a new position in Upland Software in the third quarter valued at approximately $34,000. Centiva Capital LP acquired a new position in Upland Software in the third quarter valued at approximately $52,000. Finally, XTX Topco Ltd boosted its stake in Upland Software by 63.5% in the second quarter. XTX Topco Ltd now owns 28,797 shares of the software maker’s stock valued at $56,000 after acquiring an additional 11,187 shares during the period. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Upland Software Company Profile

Upland Software, Inc is a provider of enterprise work management software delivered through a cloud-based, software-as-a-service model. The company offers a suite of integrated applications designed to help organizations plan, execute and measure work across various business functions including project management, marketing workflows, document automation and contract management.

Its flagship product lines include Upland PSA for professional services automation, Upland Bluebeam for digital collaboration in architecture and engineering workflows, Upland Qvidian for proposal automation, and Upland Pinpoint for customer communication management.