Analysts Set Upland Software Inc (NASDAQ:UPLD) PT at $44.33

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.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.22. Upland Software had a negative net margin of 23.79% and a positive return on equity of 18.86%. The company had revenue of $68.00 million for the quarter, compared to analyst estimates of $64.00 million. During the same period in the prior year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 38.8% on a year-over-year basis. On average, equities research analysts forecast that Upland Software will post 0.78 EPS for the current fiscal year.

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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Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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