Shares of Upland Software Inc (NASDAQ:UPLD) have received a consensus recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $44.33.
A number of analysts have weighed in on UPLD shares. SunTrust Banks decreased their price target on Upland Software from $56.00 to $46.00 and set a “buy” rating for the company in a report on Friday, May 8th. Craig Hallum lowered their target price on Upland Software from $59.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Upland Software in a research note on Tuesday, May 26th. Raymond James reduced their price objective on shares of Upland Software from $47.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Finally, BidaskClub upgraded shares of Upland Software from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th.
NASDAQ:UPLD traded down $0.89 on Friday, reaching $32.67. 219,953 shares of the stock traded hands, compared to its average volume of 188,281. The firm has a market capitalization of $849.25 million, a price-to-earnings ratio of -13.90, a price-to-earnings-growth ratio of 2.15 and a beta of 0.95. Upland Software has a 1-year low of $20.75 and a 1-year high of $48.67. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.35. The company’s 50 day moving average is $32.69 and its 200-day moving average is $34.07.
In other Upland Software news, CFO Michael Douglass Hill sold 4,918 shares of Upland Software stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $34.10, for a total transaction of $167,703.80. Following the transaction, the chief financial officer now directly owns 276,495 shares of the company’s stock, valued at approximately $9,428,479.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John T. Mcdonald sold 8,062 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $34.15, for a total transaction of $275,317.30. Following the completion of the sale, the chief executive officer now owns 1,718,883 shares of the company’s stock, valued at approximately $58,699,854.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,903 shares of company stock valued at $781,417. 11.60% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. ArrowMark Colorado Holdings LLC bought a new stake in Upland Software in the 1st quarter worth about $12,026,000. Wasatch Advisors Inc. boosted its stake in shares of Upland Software by 28.6% in the 1st quarter. Wasatch Advisors Inc. now owns 1,020,755 shares of the software maker’s stock worth $27,377,000 after buying an additional 227,283 shares during the last quarter. CDAM UK Ltd grew its holdings in shares of Upland Software by 16.5% in the first quarter. CDAM UK Ltd now owns 1,470,118 shares of the software maker’s stock valued at $39,429,000 after acquiring an additional 208,301 shares in the last quarter. Ziegler Capital Management LLC purchased a new stake in shares of Upland Software during the first quarter valued at approximately $4,176,000. Finally, Comerica Bank bought a new stake in Upland Software during the fourth quarter worth $4,722,000. Institutional investors and hedge funds own 78.05% 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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