Upland Software Inc (UPLD) Given Average Recommendation of “Buy” by Brokerages

Shares of Upland Software Inc (NASDAQ:UPLD) have received a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $45.67.

Several equities research analysts have recently commented on UPLD shares. BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. ValuEngine upgraded Upland Software from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Friday, February 22nd. Needham & Company LLC upped their price objective on Upland Software from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Finally, Craig Hallum reiterated a “buy” rating and issued a $48.00 price target on shares of Upland Software in a research note on Friday, March 8th.

Shares of NASDAQ:UPLD traded up $2.71 during midday trading on Monday, hitting $42.74. The company had a trading volume of 8,730 shares, compared to its average volume of 206,889. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $925.68 million, a price-to-earnings ratio of 36.26, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $0.25 by $0.19. The firm had revenue of $45.18 million during the quarter, compared to analyst estimates of $43.17 million. Upland Software had a positive return on equity of 25.28% and a negative net margin of 6.64%. On average, equities research analysts expect that Upland Software will post 1.31 earnings per share for the current fiscal year.

In other Upland Software news, CFO Michael Douglass Hill sold 41,431 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $41.31, for a total value of $1,711,514.61. Following the completion of the sale, the chief financial officer now owns 304,435 shares in the company, valued at approximately $12,576,209.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Timothy Mattox sold 28,196 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.27, for a total value of $1,135,452.92. Following the transaction, the chief operating officer now owns 509,230 shares of the company’s stock, valued at approximately $20,506,692.10. The disclosure for this sale can be found here. Insiders sold a total of 82,431 shares of company stock valued at $3,359,128 in the last quarter. 14.70% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Hodges Capital Management Inc. lifted its stake in shares of Upland Software by 1.5% during the first quarter. Hodges Capital Management Inc. now owns 73,097 shares of the software maker’s stock worth $3,096,000 after buying an additional 1,100 shares during the period. Deutsche Bank AG raised its holdings in Upland Software by 73.2% in the fourth quarter. Deutsche Bank AG now owns 54,818 shares of the software maker’s stock valued at $1,487,000 after acquiring an additional 23,171 shares in the last quarter. Geode Capital Management LLC raised its holdings in Upland Software by 12.1% in the fourth quarter. Geode Capital Management LLC now owns 190,129 shares of the software maker’s stock valued at $5,167,000 after acquiring an additional 20,536 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Upland Software by 110.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 247,433 shares of the software maker’s stock valued at $6,725,000 after acquiring an additional 129,622 shares in the last quarter. Finally, Raging Capital Management LLC acquired a new stake in Upland Software in the fourth quarter valued at $6,600,000. Hedge funds and other institutional investors own 69.77% of the company’s stock.

About Upland Software

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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