Upland Software (UPLD) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Upland Software (NASDAQ:UPLD) from a hold rating to a buy rating in a research note released on Tuesday, April 30th, BidAskClub reports.

UPLD has been the topic of several other reports. Zacks Investment Research cut shares of Upland Software from a buy rating to a hold rating in a research report on Saturday, February 23rd. Roth Capital upped their price objective on shares of Upland Software from $43.00 to $54.00 and gave the stock a buy rating in a research report on Friday, March 8th. SunTrust Banks upped their price objective on shares of Upland Software to $48.00 and gave the stock a buy rating in a research report on Tuesday, April 23rd. 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. Finally, TheStreet raised Upland Software from a c rating to a b- rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $48.43.

Shares of UPLD opened at $48.97 on Tuesday. Upland Software has a twelve month low of $25.12 and a twelve month high of $50.64. The stock has a market cap of $1.02 billion, a PE ratio of 41.50, a P/E/G ratio of 1.88 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 announced its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.20. The firm had revenue of $48.50 million for the quarter, compared to analysts’ expectations of $48.39 million. Upland Software had a positive return on equity of 27.01% and a negative net margin of 8.77%. The company’s revenue was up 53.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. As a group, sell-side analysts predict that Upland Software will post 1.26 earnings per share for the current fiscal year.

In related news, COO Timothy Mattox sold 28,196 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.27, for a total value of $1,135,452.92. Following the completion of the sale, the chief operating officer now owns 509,230 shares of the company’s stock, valued at $20,506,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Douglass Hill sold 41,431 shares of the firm’s 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 directly owns 304,435 shares of the company’s stock, valued at approximately $12,576,209.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,431 shares of company stock valued at $3,359,128. Insiders own 11.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. NJ State Employees Deferred Compensation Plan purchased a new stake in Upland Software in the fourth quarter worth $245,000. Evanson Asset Management LLC lifted its stake in Upland Software by 18.4% in the fourth quarter. Evanson Asset Management LLC now owns 10,887 shares of the software maker’s stock worth $296,000 after acquiring an additional 1,690 shares during the period. Hodges Capital Management Inc. lifted its stake in Upland Software by 1.5% in the first quarter. Hodges Capital Management Inc. now owns 73,097 shares of the software maker’s stock worth $3,096,000 after acquiring an additional 1,100 shares during the period. Vanguard Group Inc. lifted its stake in Upland Software by 8.0% in the third quarter. Vanguard Group Inc. now owns 750,370 shares of the software maker’s stock worth $24,245,000 after acquiring an additional 55,637 shares during the period. Finally, Teachers Advisors LLC lifted its stake in Upland Software by 7.6% in the third quarter. Teachers Advisors LLC now owns 31,777 shares of the software maker’s stock worth $1,027,000 after acquiring an additional 2,249 shares during the period. 68.38% of the stock is owned by institutional investors.

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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