Brokerages Set Upland Software, Inc. (NASDAQ:UPLD) PT at $3.75

Upland Software, Inc. (NASDAQ:UPLD) has earned an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $3.75.

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Roth Capital raised Upland Software from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a report on Friday, August 2nd.

Upland Software Price Performance

NASDAQ:UPLD opened at $2.17 on Friday. The company has a debt-to-equity ratio of 72.71, a quick ratio of 2.37 and a current ratio of 2.37. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.28. The firm’s 50-day simple moving average is $2.34 and its 200 day simple moving average is $2.44. The firm has a market cap of $59.88 million, a price-to-earnings ratio of -0.46 and a beta of 1.13.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.14). The company had revenue of $69.34 million during the quarter, compared to analyst estimates of $67.91 million. Upland Software had a negative net margin of 46.18% and a positive return on equity of 19.98%. During the same period in the prior year, the firm earned $0.04 earnings per share. As a group, sell-side analysts predict that Upland Software will post 0.31 earnings per share for the current year.

Insider Activity at Upland Software

In other news, CEO John T. Mcdonald purchased 33,635 shares of Upland Software stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $1.98 per share, for a total transaction of $66,597.30. Following the completion of the acquisition, the chief executive officer now owns 297,373 shares in the company, valued at approximately $588,798.54. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in Upland Software by 180.6% during the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock worth $718,000 after buying an additional 185,617 shares during the last quarter. Rice Hall James & Associates LLC grew its holdings in Upland Software by 3.7% in the second quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock worth $681,000 after purchasing an additional 9,755 shares during the period. Assenagon Asset Management S.A. grew its holdings in Upland Software by 4.2% in the second quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock worth $374,000 after purchasing an additional 6,018 shares during the period. Heron Bay Capital Management bought a new stake in Upland Software in the second quarter valued at $185,000. Finally, Mackenzie Financial Corp raised its holdings in shares of Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after purchasing an additional 12,898 shares during the period. 77.78% of the stock is owned by institutional investors and hedge funds.

Upland Software Company Profile

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.