Upland Software (NASDAQ:UPLD) Stock Rating Lowered by StockNews.com

Upland Software (NASDAQ:UPLD) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

UPLD has been the topic of several other research reports. Canaccord Genuity Group reduced their price target 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. Roth Mkm reaffirmed a “sell” rating and set a $2.50 price target (down previously from $3.00) on shares of Upland Software in a research report on Tuesday, May 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research report on Friday, May 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Upland Software in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Upland Software presently has a consensus rating of “Hold” and a consensus price target of $3.75.

Upland Software Stock Down 3.3 %

Shares of NASDAQ UPLD opened at $2.51 on Tuesday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 23.49. The stock has a fifty day moving average price of $2.60 and a 200 day moving average price of $3.30. The company has a market cap of $69.25 million, a P/E ratio of -0.53 and a beta of 1.13. Upland Software has a 12-month low of $1.89 and a 12-month high of $5.28.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. The company had revenue of $70.74 million during the quarter, compared to analysts’ expectations of $68.29 million. Upland Software had a negative net margin of 46.64% and a positive return on equity of 13.87%. Research analysts anticipate that Upland Software will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Upland Software

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System acquired a new stake in Upland Software during the first quarter worth about $34,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Upland Software in the first quarter valued at approximately $37,000. Pingora Partners LLC acquired a new stake in shares of Upland Software in the fourth quarter valued at approximately $50,000. Oxford Asset Management LLP acquired a new stake in shares of Upland Software in the fourth quarter valued at approximately $52,000. Finally, Verdad Advisers LP acquired a new stake in shares of Upland Software in the fourth quarter valued at approximately $337,000. Institutional investors and hedge funds 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.