BidaskClub lowered shares of Upland Software (NASDAQ:UPLD) from a hold rating to a sell rating in a report issued on Friday morning.

Several other research analysts have also weighed in on UPLD. Needham & Company LLC increased their price objective on Upland Software from $34.00 to $37.00 and gave the stock a buy rating in a research report on Friday, June 29th. Canaccord Genuity increased their price objective on Upland Software from $35.00 to $38.00 and gave the stock a buy rating in a research report on Friday, June 29th. Roth Capital upgraded Upland Software from a neutral rating to a buy rating and lowered their price objective for the stock from $26.00 to $11.50 in a research report on Thursday, August 9th. ValuEngine upgraded Upland Software from a hold rating to a buy rating in a research report on Thursday, August 9th. Finally, Zacks Investment Research lowered Upland Software from a buy rating to a strong sell rating in a research report on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Upland Software has a consensus rating of Hold and a consensus target price of $34.64.

Shares of NASDAQ:UPLD traded up $0.55 during midday trading on Friday, hitting $32.20. The company had a trading volume of 130,876 shares, compared to its average volume of 220,707. Upland Software has a twelve month low of $18.52 and a twelve month high of $38.30. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $696.53 million, a PE ratio of 38.80, a P/E/G ratio of 2.03 and a beta of 0.48.

Upland Software (NASDAQ:UPLD) last issued its quarterly earnings data on Wednesday, August 8th. The software maker reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $35.95 million during the quarter, compared to analysts’ expectations of $34.06 million. Upland Software had a positive return on equity of 19.31% and a negative net margin of 12.92%. The company’s revenue was up 54.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.33) earnings per share. As a group, analysts predict that Upland Software will post 0.8 earnings per share for the current fiscal year.

In other Upland Software news, CFO Michael Douglass Hill sold 40,000 shares of the firm’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $35.14, for a total value of $1,405,600.00. Following the sale, the chief financial officer now directly owns 283,896 shares in the company, valued at $9,976,105.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John T. Mcdonald sold 1,570 shares of the firm’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $37.00, for a total value of $58,090.00. Following the completion of the sale, the chief executive officer now owns 1,583,222 shares in the company, valued at $58,579,214. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,215,751 shares of company stock valued at $42,668,385. Company insiders own 14.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC acquired a new stake in Upland Software in the first quarter valued at $136,000. Envestnet Asset Management Inc. acquired a new stake in shares of Upland Software during the second quarter worth about $161,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Upland Software during the second quarter worth about $182,000. PEAK6 Investments L.P. acquired a new stake in shares of Upland Software during the second quarter worth about $203,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Upland Software during the second quarter worth about $203,000. Institutional investors own 52.26% of the company’s stock.

Upland Software Company Profile

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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