Analysts Set Upland Software, Inc. (NASDAQ:UPLD) Price Target at $3.75

Upland Software, Inc. (NASDAQ:UPLD) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $3.75.

Separately, Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Friday, November 8th.

Upland Software Stock Up 0.5 %

Shares of NASDAQ:UPLD opened at $3.94 on Friday. The firm has a market capitalization of $108.11 million, a P/E ratio of -0.87 and a beta of 1.28. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day moving average price of $4.33 and a 200-day moving average price of $3.07. Upland Software has a 52-week low of $1.79 and a 52-week high of $5.64.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, November 7th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Upland Software had a positive return on equity of 50.06% and a negative net margin of 44.92%. The business had revenue of $66.69 million during the quarter, compared to the consensus estimate of $67.13 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. As a group, equities research analysts anticipate that Upland Software will post 0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Upland Software

A number of institutional investors have recently modified their holdings of UPLD. Legato Capital Management LLC purchased a new position in shares of Upland Software in the 4th quarter worth about $44,000. First Heartland Consultants Inc. purchased a new position in Upland Software in the third quarter worth about $30,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Upland Software in the third quarter worth approximately $31,000. WESPAC Advisors LLC bought a new position in shares of Upland Software in the fourth quarter worth approximately $55,000. Finally, XTX Topco Ltd purchased a new stake in shares of Upland Software during the third quarter valued at approximately $43,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

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.