Investment analysts at Credit Suisse Group began coverage on shares of Upland Software (NASDAQ:UPLD) in a research report issued on Wednesday, MarketBeat reports. The brokerage set an “outperform” rating and a $48.00 price target on the software maker’s stock. Credit Suisse Group’s target price would indicate a potential upside of 37.10% from the stock’s previous close.
UPLD has been the topic of several other research reports. Raymond James upped their price objective on Upland Software from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Craig Hallum upped their price objective on Upland Software from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Upland Software in a research report on Tuesday, October 8th. BidaskClub downgraded Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, ValuEngine downgraded Upland Software from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating and nine have issued a buy rating to the company. Upland Software has an average rating of “Buy” and a consensus price target of $50.67.
Upland Software stock traded down $4.37 during mid-day trading on Wednesday, hitting $35.01. The company’s stock had a trading volume of 1,772,000 shares, compared to its average volume of 366,713. The company has a 50 day moving average of $37.65 and a 200-day moving average of $42.80. The stock has a market cap of $962.47 million, a PE ratio of 29.67, a P/E/G ratio of 0.87 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.46 and a current ratio of 1.46. Upland Software has a one year low of $25.12 and a one year high of $54.87.
Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, November 7th. The software maker reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.20. The company had revenue of $55.10 million for the quarter, compared to the consensus estimate of $55.33 million. Upland Software had a positive return on equity of 25.43% and a negative net margin of 8.03%. Upland Software’s quarterly revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. On average, equities research analysts forecast that Upland Software will post 1.47 EPS for the current fiscal year.
In other news, Director David May sold 20,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $42.81, for a total transaction of $856,200.00. Following the transaction, the director now owns 65,773 shares of the company’s stock, valued at approximately $2,815,742.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen E. Courter sold 1,450 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $34.42, for a total value of $49,909.00. Following the transaction, the director now directly owns 11,651 shares in the company, valued at approximately $401,027.42. The disclosure for this sale can be found here. 11.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Aperio Group LLC bought a new position in shares of Upland Software during the 2nd quarter worth $28,000. Tower Research Capital LLC TRC bought a new position in shares of Upland Software during the 2nd quarter worth $41,000. Tower Research Capital LLC TRC grew its position in shares of Upland Software by 57.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,420 shares of the software maker’s stock worth $50,000 after buying an additional 516 shares in the last quarter. Ashburton Jersey Ltd bought a new position in shares of Upland Software during the 2nd quarter worth $57,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Upland Software by 77.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock worth $63,000 after buying an additional 608 shares in the last quarter. 77.52% of the stock is currently owned by institutional investors and hedge funds.
Upland Software Company Profile
Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.
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