Upland Software, Inc. (NASDAQ:UPLD) has received a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $56.89.
UPLD has been the subject of a number of research analyst reports. Truist boosted their price objective on Upland Software from $60.00 to $65.00 in a report on Wednesday, March 3rd. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Friday, February 26th. Credit Suisse Group restated an “outperform” rating and set a $58.00 price objective on shares of Upland Software in a report on Monday, March 29th. Craig Hallum boosted their price objective on Upland Software from $29.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, February 25th. Finally, Canaccord Genuity lifted their price target on shares of Upland Software from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, January 21st.
In other Upland Software news, CEO John T. Mcdonald sold 1,000 shares of the business’s stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $50.00, for a total transaction of $50,000.00. Following the sale, the chief executive officer now owns 1,514,915 shares of the company’s stock, valued at $75,745,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Douglass Hill sold 7,236 shares of the business’s stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $48.34, for a total transaction of $349,788.24. Following the sale, the chief financial officer now directly owns 268,685 shares in the company, valued at approximately $12,988,232.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 265,001 shares of company stock valued at $13,289,812. Company insiders own 10.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Juncture Wealth Strategies LLC grew its stake in shares of Upland Software by 44.9% during the first quarter. Juncture Wealth Strategies LLC now owns 20,239 shares of the software maker’s stock worth $943,000 after buying an additional 6,272 shares during the last quarter. Scout Investments Inc. grew its stake in shares of Upland Software by 11.0% in the first quarter. Scout Investments Inc. now owns 234,200 shares of the software maker’s stock worth $11,052,000 after purchasing an additional 23,130 shares during the last quarter. Hodges Capital Management Inc. grew its stake in shares of Upland Software by 2.8% in the first quarter. Hodges Capital Management Inc. now owns 90,877 shares of the software maker’s stock worth $4,288,000 after purchasing an additional 2,498 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Upland Software in the fourth quarter worth $806,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Upland Software by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 425,438 shares of the software maker’s stock worth $19,524,000 after purchasing an additional 4,443 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.
Upland Software stock opened at $50.69 on Friday. Upland Software has a 52 week low of $26.56 and a 52 week high of $52.00. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.55 and a current ratio of 2.55. The stock has a market capitalization of $1.52 billion, a P/E ratio of -19.50, a PEG ratio of 12.43 and a beta of 0.99. The stock has a 50-day simple moving average of $47.76 and a 200 day simple moving average of $46.16.
Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Wednesday, February 24th. The software maker reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.45. Upland Software had a positive return on equity of 15.94% and a negative net margin of 23.40%. The business had revenue of $78.25 million during the quarter, compared to analysts’ expectations of $72.18 million. Research analysts forecast that Upland Software will post 0.9 earnings per share for the current year.
About Upland Software
Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology, digital marketing, ecommerce, customer service and support, project management, business operations, human resources and legal departments, and sales and marketing.
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