A number of other analysts have also recently weighed in on the stock. Craig Hallum cut his price target on Upland Software stock from $22.00 to $13.00 in a Thursday, August 4 report. Canaccord Genuity Group cut its price target on Upland Software shares from $24.00 to $19.00 in a Friday, August 5 report. Truist Financial cut its price target on Upland Software shares from $30.00 to $20.00 in a Friday, July 15 report. Jefferies Financial Group cut its price target on Upland Software stock from $17.00 to $14.00 in a Monday, May 23 report. Finally, Raymond James cut his price target on Upland Software shares from $24.00 to $17.00 and set an “outperform” rating for the company in a Thursday, August 4, report. Two equity research analysts rated the stock with a hold rating and five gave the company a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.63.
Upland Software Stock Performance
NASDAQ UPLD shares were down $0.13 during Monday trading hours, hitting $9.25. 524,641 shares were traded, against an average volume of 333,343. The company has a leverage ratio of 1.65, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50-day moving average is $11.18 and its 200-day moving average is $13.78. The company has a market capitalization of $289.72 million, a P/E ratio of -5.00 and a beta of 0.71. Upland Software has a one-year minimum of $9.19 and a one-year maximum of $37.16.
Upland Software (NASDAQ:UPLD – Get a rating) last released its quarterly results on Wednesday, August 3. The software maker reported earnings per share of $0.10 for the quarter, missing consensus analyst estimates of $0.12 per ($0.02). Upland Software recorded a negative net margin of 18.57% and a positive return on equity of 6.95%. The company posted revenue of $80.23 million in the quarter, versus a consensus estimate of $79.41 million. On average, research analysts expect Upland Software to post EPS of 0.27 for the current year.
Insider buying and selling
Separately, insider Ian Burk sold 16,748 shares in a trade dated Tuesday, August 9. The shares were sold at an average price of $11.21, for a total transaction of $187,745.08. Following the completion of the sale, the insider now owns 72,081 shares of the company, valued at approximately $808,028.01. The sale was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Separately, insider Ian Burk sold 16,748 shares in a trade dated Tuesday, August 9. The shares were sold at an average price of $11.21, for a total transaction of $187,745.08. Following the completion of the sale, the insider now owns 72,081 shares of the company, valued at approximately $808,028.01. The sale was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Additionally, CEO John T. Mcdonald purchased 10,000 shares of the company in a transaction that took place on Monday, August 15. The shares were purchased at an average price of $11.22 per share, with a total value of $112,200.00. As a result of the transaction, the CEO now directly owns 183,738 shares of the company, valued at $2,061,540.36. Disclosure of this purchase can be found here. Insiders bought 60,000 shares of the company worth $662,300 during the last quarter. 7.70% of the shares are held by company insiders.
Institutional investors weigh in on Upland Software
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. HighTower Trust Services LTA acquired a new stake in Upland Software in Q1 valued at approximately $692,000. Renaissance Technologies LLC increased its position in Upland Software by 139.5% in the 4th quarter. Renaissance Technologies LLC now owns 160,743 shares of the software maker valued at $2,884,000 after acquiring 93,626 additional shares last quarter. Monarch Partners Asset Management LLC increased its position in Upland Software by 122.0% in Q1. Monarch Partners Asset Management LLC now owns 282,782 shares of the software maker valued at $4,980,000 after acquiring an additional 155,418 shares last quarter. Hodges Capital Management Inc. increased its position in Upland Software by 132.6% in Q1. Hodges Capital Management Inc. now owns 537,889 shares of the software maker valued at $9,472,000 after acquiring 306,645 additional shares last quarter. Finally, G2 Investment Partners Management LLC increased its position in Upland Software by 322.6% in the 1st quarter. G2 Investment Partners Management LLC now owns 346,492 shares of the software maker valued at $6,102,000 after acquiring an additional 264,492 shares last quarter. Institutional investors and hedge funds own 75.17% of the company’s shares.
About Upland Software
Upland Software, Inc provides cloud-based enterprise work management software in the US, UK, Canada and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact centers, project management, information technology, business operations, human resources and legal.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider Upland Software, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Upland Software wasn’t on the list.
While Upland Software currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here