Upland Software, Inc. (NASDAQ:UPLD) Receives Consensus Rating of “Hold” from Analysts

Shares of Upland Software, Inc. (NASDAQ:UPLD) have earned an average recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $3.75.

A number of research analysts have issued reports on UPLD shares. StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research report on Friday, May 3rd. William Blair reissued an “outperform” rating on shares of Upland Software in a research report on Friday, May 3rd. Roth Mkm reissued a “sell” rating and set a $2.50 price objective (down from $3.00) on shares of Upland Software in a research report on Tuesday, May 7th. Finally, Canaccord Genuity Group reduced their price objective on shares of Upland Software from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd.

Upland Software Stock Up 1.8 %

Shares of NASDAQ UPLD opened at $2.60 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 23.49. Upland Software has a 52 week low of $1.89 and a 52 week high of $5.28. The firm’s fifty day moving average is $2.59 and its 200 day moving average is $3.33. The company has a market cap of $71.60 million, a price-to-earnings ratio of -0.55 and a beta of 1.13.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, May 2nd. The software maker reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.09. Upland Software had a negative net margin of 46.64% and a positive return on equity of 13.87%. The company had revenue of $70.74 million for the quarter, compared to the consensus estimate of $68.29 million. On average, equities research analysts expect that Upland Software will post 0.17 earnings per share for the current year.

Institutional Trading of Upland Software

A number of hedge funds have recently modified their holdings of UPLD. State Board of Administration of Florida Retirement System bought a new stake in shares of Upland Software during the 1st quarter valued at $34,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Upland Software in the 1st quarter worth about $37,000. Pingora Partners LLC bought a new position in Upland Software in the 4th quarter worth about $50,000. Oxford Asset Management LLP bought a new position in Upland Software in the 4th quarter worth about $52,000. Finally, Pathstone Family Office LLC bought a new position in Upland Software in the 3rd quarter worth about $108,000. Institutional investors own 77.78% of the company’s stock.

About Upland Software

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.