Upland Software (NASDAQ:UPLD) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Upland Software, Inc. (NASDAQ:UPLD) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.74 and traded as high as $0.7634. Upland Software shares last traded at $0.6825, with a volume of 181,234 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price target on Upland Software from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.67.

Upland Software Stock Down 7.3%

The company has a 50 day moving average of $0.74 and a two-hundred day moving average of $1.05. The firm has a market cap of $20.04 million, a P/E ratio of -0.98 and a beta of 1.36.

Shares of Upland Software are scheduled to reverse split on the morning of Wednesday, June 17th. The 1-10 reverse split was announced on Thursday, June 4th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, June 16th.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Friday, May 1st. The software maker reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Upland Software had a negative return on equity of 51.46% and a negative net margin of 7.08%.The business had revenue of $48.69 million during the quarter, compared to analysts’ expectations of $48.50 million.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in Upland Software by 697.1% during the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock valued at $34,000 after buying an additional 10,442 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Upland Software during the third quarter valued at about $32,000. Dynamic Technology Lab Private Ltd bought a new position in Upland Software during the third quarter valued at about $34,000. Centiva Capital LP bought a new position in Upland Software during the third quarter valued at about $52,000. Finally, XTX Topco Ltd boosted its position in shares of Upland Software by 63.5% in the 2nd quarter. XTX Topco Ltd now owns 28,797 shares of the software maker’s stock valued at $56,000 after purchasing an additional 11,187 shares during the period. Institutional investors own 77.78% of the company’s stock.

About Upland Software

Upland Software, Inc is a provider of enterprise work management software delivered through a cloud-based, software-as-a-service model. The company offers a suite of integrated applications designed to help organizations plan, execute and measure work across various business functions including project management, marketing workflows, document automation and contract management.

Its flagship product lines include Upland PSA for professional services automation, Upland Bluebeam for digital collaboration in architecture and engineering workflows, Upland Qvidian for proposal automation, and Upland Pinpoint for customer communication management.