Upland Software (NASDAQ:UPLD – Get Rating) was downgraded by research analysts at Roth Mkm from a “buy” rating to a “neutral” rating in a research report issued on Friday, Marketbeat reports. They currently have a $8.00 target price on the software maker’s stock. Roth Mkm’s price objective points to a potential upside of 32.89% from the company’s previous close.
Other research analysts have also issued reports about the stock. Needham & Company LLC lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Friday. Credit Suisse Group began coverage on shares of Upland Software in a research note on Monday, November 21st. They issued a “neutral” rating and a $8.00 target price on the stock. StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Monday, December 12th. Raymond James lowered shares of Upland Software from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 17th. Finally, Truist Financial lowered shares of Upland Software from a “buy” rating to a “hold” rating and lowered their target price for the company from $11.00 to $9.00 in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.13.
Upland Software Stock Performance
Shares of UPLD opened at $6.02 on Friday. The company’s fifty day moving average is $8.05 and its 200-day moving average is $8.37. Upland Software has a 12 month low of $5.31 and a 12 month high of $20.23. The firm has a market cap of $191.30 million, a price-to-earnings ratio of -2.71 and a beta of 0.79. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.66.
Upland Software (NASDAQ:UPLD – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The software maker reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). Upland Software had a positive return on equity of 8.14% and a negative net margin of 16.93%. The business had revenue of $78.81 million for the quarter, compared to analyst estimates of $76.46 million. Equities analysts expect that Upland Software will post 0.7 EPS for the current fiscal year.
Institutional Trading of Upland Software
Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in Upland Software by 86.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 77,546 shares of the software maker’s stock valued at $1,125,000 after purchasing an additional 36,016 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Upland Software by 82.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,393 shares of the software maker’s stock worth $230,000 after acquiring an additional 12,860 shares during the period. Royce & Associates LP lifted its holdings in shares of Upland Software by 2.2% during the 3rd quarter. Royce & Associates LP now owns 225,956 shares of the software maker’s stock worth $1,837,000 after acquiring an additional 4,900 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Upland Software during the 3rd quarter worth about $104,000. Finally, HighTower Trust Company NA bought a new position in shares of Upland Software during the 3rd quarter worth about $322,000. 96.10% of the stock is owned by institutional investors.
Upland Software Company Profile
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Upland Software, Inc engages in the provision of cloud-based enterprise work management software, which enables organizations to plan, manage and execute projects and work. It offers customer experience management, cloud, enterprise sales and marketing cloud, project and IT management cloud, and document workflow cloud.
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