Upland Software (UPLD) Sets New 52-Week High at $50.44

Upland Software Inc (NASDAQ:UPLD) shares hit a new 52-week high on Thursday . The company traded as high as $50.44 and last traded at $49.86, with a volume of 47161 shares traded. The stock had previously closed at $47.31.

A number of research analysts have recently weighed in on UPLD shares. Roth Capital raised their price objective on shares of Upland Software from $43.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. BidaskClub raised shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Craig Hallum reaffirmed a “buy” rating and issued a $48.00 target price on shares of Upland Software in a research note on Friday, March 8th. Needham & Company LLC lifted their target price on shares of Upland Software from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Finally, ValuEngine raised shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $48.43.

The company has a market capitalization of $1.06 billion, a P/E ratio of 43.39, a P/E/G ratio of 1.97 and a beta of 0.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 3.20.

Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, May 2nd. The software maker reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.20. The firm had revenue of $48.50 million during the quarter, compared to analysts’ expectations of $48.39 million. Upland Software had a negative net margin of 8.77% and a positive return on equity of 27.01%. Upland Software’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS. As a group, analysts predict that Upland Software Inc will post 1.26 EPS for the current year.

In other news, COO Timothy Mattox sold 12,804 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 509,230 shares of the company’s stock, valued at approximately $20,369,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Douglass Hill sold 41,431 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 304,435 shares of the company’s stock, valued at $12,576,209.85. 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 over the last ninety days. 11.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in UPLD. Bank of New York Mellon Corp grew its stake in shares of Upland Software by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 94,170 shares of the software maker’s stock valued at $3,043,000 after buying an additional 4,280 shares during the period. BlackRock Inc. lifted its holdings in Upland Software by 8.0% in the 3rd quarter. BlackRock Inc. now owns 1,104,714 shares of the software maker’s stock worth $35,694,000 after buying an additional 82,162 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Upland Software in the 3rd quarter worth $3,806,000. MetLife Investment Advisors LLC lifted its holdings in Upland Software by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 11,642 shares of the software maker’s stock worth $376,000 after buying an additional 4,139 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in Upland Software by 7.6% in the 3rd quarter. Teachers Advisors LLC now owns 31,777 shares of the software maker’s stock worth $1,027,000 after buying an additional 2,249 shares in the last quarter. 68.38% of the stock is owned by institutional investors.

WARNING: This piece was posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/05/18/upland-software-upld-sets-new-52-week-high-at-50-44.html.

Upland Software Company Profile (NASDAQ:UPLD)

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.

See Also: Are analyst ratings accurate?

Receive News & Ratings for Upland Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software and related companies with MarketBeat.com's FREE daily email newsletter.