BidaskClub Lowers Upland Software (UPLD) to Hold

BidaskClub downgraded shares of Upland Software (NASDAQ:UPLD) from a buy rating to a hold rating in a report released on Friday morning, BidAskClub reports.

Several other research firms have also recently issued reports on UPLD. TheStreet upgraded shares of Upland Software from a c rating to a b- rating in a report on Friday, March 8th. Zacks Investment Research upgraded shares of Upland Software from a hold rating to a buy rating and set a $45.00 price objective for the company in a report on Thursday, March 14th. Roth Capital increased their price objective on shares of Upland Software from $43.00 to $54.00 and gave the company a buy rating in a report on Friday, March 8th. Craig Hallum reiterated a buy rating and issued a $48.00 price objective on shares of Upland Software in a report on Friday, March 8th. Finally, Needham & Company LLC increased their price objective on shares of Upland Software from $40.00 to $45.00 and gave the company a buy rating in a report on Friday, March 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $45.67.

Upland Software stock opened at $40.03 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.14. The company has a market capitalization of $860.44 million, a PE ratio of 33.92, a P/E/G ratio of 1.53 and a beta of 0.66. Upland Software has a 12-month low of $25.12 and a 12-month high of $43.73.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, March 7th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.19. The business had revenue of $45.18 million during the quarter, compared to analysts’ expectations of $43.17 million. Upland Software had a negative net margin of 6.64% and a positive return on equity of 25.28%. As a group, sell-side analysts anticipate that Upland Software will post 1.31 EPS for the current fiscal year.

In related news, CFO Michael Douglass Hill sold 41,431 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $41.31, for a total transaction of $1,711,514.61. Following the completion of the sale, the chief financial officer now directly owns 304,435 shares of the company’s stock, valued at $12,576,209.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Timothy Mattox sold 12,804 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $40.00, for a total transaction of $512,160.00. Following the sale, the chief operating officer now directly owns 509,230 shares of the company’s stock, valued at $20,369,200. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,431 shares of company stock valued at $3,359,128. Company insiders own 14.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in UPLD. Hodges Capital Management Inc. boosted its holdings in Upland Software by 1.5% in the 1st quarter. Hodges Capital Management Inc. now owns 73,097 shares of the software maker’s stock valued at $3,096,000 after purchasing an additional 1,100 shares during the period. Deutsche Bank AG boosted its holdings in Upland Software by 73.2% in the 4th quarter. Deutsche Bank AG now owns 54,818 shares of the software maker’s stock valued at $1,487,000 after purchasing an additional 23,171 shares during the period. Geode Capital Management LLC boosted its holdings in Upland Software by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 190,129 shares of the software maker’s stock valued at $5,167,000 after purchasing an additional 20,536 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Upland Software by 110.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 247,433 shares of the software maker’s stock valued at $6,725,000 after purchasing an additional 129,622 shares during the period. Finally, Raging Capital Management LLC bought a new stake in Upland Software in the 4th quarter valued at $6,600,000. 69.77% of the stock is owned by institutional investors and hedge funds.

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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