Upland Software (NASDAQ:UPLD) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Upland Software, Inc. (NASDAQ:UPLD) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.28 and traded as high as $2.64. Upland Software shares last traded at $2.43, with a volume of 147,882 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Roth Capital raised Upland Software from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Stock Performance

The stock has a market cap of $67.05 million, a P/E ratio of -0.51 and a beta of 1.13. The company has a debt-to-equity ratio of 72.71, a current ratio of 2.37 and a quick ratio of 2.37. The company has a fifty day moving average of $2.28 and a 200 day moving average of $2.50.

Upland Software (NASDAQ:UPLD) last released 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 for the quarter, compared to the consensus estimate of $67.91 million. Upland Software had a positive return on equity of 19.98% and a negative net margin of 46.18%. During the same period in the prior year, the business earned $0.04 earnings per share. On average, equities analysts predict that Upland Software, Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO John T. Mcdonald acquired 33,635 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $1.98 per share, with a total value of $66,597.30. Following the purchase, the chief executive officer now owns 297,373 shares of the company’s stock, valued at approximately $588,798.54. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.30% of the stock is owned by company insiders.

Institutional Trading of Upland Software

A number of hedge funds have recently modified their holdings of the business. State Board of Administration of Florida Retirement System acquired a new position in Upland Software during the first quarter valued at $34,000. Assenagon Asset Management S.A. lifted its position in shares of 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Upland Software during the first quarter worth approximately $37,000. Heron Bay Capital Management purchased a new position in Upland Software during the second quarter valued at approximately $185,000. Finally, Rice Hall James & Associates LLC increased its stake in Upland Software by 3.7% in the 2nd quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock valued at $681,000 after buying an additional 9,755 shares during the period. Hedge funds and other institutional investors own 77.78% of the company’s stock.

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.