Needham & Company LLC Issues Pessimistic Forecast for Upland Software (NASDAQ:UPLD) Stock Price

Upland Software (NASDAQ:UPLD) had its target price dropped by stock analysts at Needham & Company LLC from $10.00 to $6.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Needham & Company LLC‘s price target indicates a potential upside of 51.13% from the stock’s previous close.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Upland Software in a report on Friday, September 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.50.

Upland Software Trading Up 1.0%

NASDAQ UPLD traded up $0.04 during trading hours on Thursday, hitting $3.97. The company’s stock had a trading volume of 73,083 shares, compared to its average volume of 94,972. Upland Software has a 52 week low of $2.75 and a 52 week high of $19.60. The company has a market capitalization of $11.75 million, a PE ratio of -0.28 and a beta of 1.42. The company’s 50-day simple moving average is $3.68 and its two-hundred day simple moving average is $6.27.

Upland Software (NASDAQ:UPLD) last posted its earnings results on Wednesday, November 4th. The software maker reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.11. The firm had revenue of $47.53 million during the quarter, compared to analyst estimates of $47.20 million. Upland Software had a negative net margin of 18.50% and a negative return on equity of 46.06%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Upland Software stock. Jefferies Financial Group Inc. purchased a new position in Upland Software, Inc. (NASDAQ:UPLD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,959 shares of the software maker’s stock, valued at approximately $112,000. Jefferies Financial Group Inc. owned 1.05% of Upland Software as of its most recent SEC filing. Institutional investors and hedge funds own 77.78% of the company’s stock.

Upland Software Company Profile

Upland Software, Inc is an enterprise software company that develops cloud-based applications for managing work, customer relationships and business processes. Its software is designed to help organizations automate workflows, organize information, improve collaboration and measure operational performance across departments.

Upland’s product portfolio has included solutions for project and portfolio management, enterprise content management, knowledge management, customer experience, customer service, sales enablement, communications and information technology service management.