Upland Software (NASDAQ:UPLD) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Upland Software, Inc. (NASDAQ:UPLD) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.19 and traded as low as $0.7195. Upland Software shares last traded at $0.7799, with a volume of 208,902 shares traded.

Analysts Set New Price Targets

UPLD has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Upland Software in a research note on Wednesday, January 21st. Canaccord Genuity Group dropped their price target on Upland Software from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Upland Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.67.

Upland Software Price Performance

The business’s 50-day moving average price is $0.67 and its two-hundred day moving average price is $1.17. The firm has a market cap of $21.58 million, a price-to-earnings ratio of -1.05 and a beta of 1.22.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Friday, May 1st. The software maker reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $48.69 million during the quarter, compared to analyst estimates of $48.50 million. Upland Software had a negative net margin of 7.08% and a negative return on equity of 51.46%.

Hedge Funds Weigh In On Upland Software

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in Upland Software by 697.1% during the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock worth $34,000 after buying an additional 10,442 shares during the period. XTX Topco Ltd lifted its position in Upland Software by 63.5% during the second quarter. XTX Topco Ltd now owns 28,797 shares of the software maker’s stock worth $56,000 after buying an additional 11,187 shares during the period. Russell Investments Group Ltd. lifted its position in Upland Software by 2,534.9% during the second quarter. Russell Investments Group Ltd. now owns 31,750 shares of the software maker’s stock worth $62,000 after buying an additional 30,545 shares during the period. Evergreen Capital Management LLC purchased a new position in Upland Software during the second quarter worth about $122,000. Finally, Ritholtz Wealth Management lifted its position in Upland Software by 32.0% during the third quarter. Ritholtz Wealth Management now owns 51,269 shares of the software maker’s stock worth $122,000 after buying an additional 12,433 shares during the period. Institutional investors and hedge funds own 77.78% of the company’s stock.

About Upland Software

Upland Software, Inc is a provider of enterprise work management software delivered through a cloud-based, software-as-a-service model. The company offers a suite of integrated applications designed to help organizations plan, execute and measure work across various business functions including project management, marketing workflows, document automation and contract management.

Its flagship product lines include Upland PSA for professional services automation, Upland Bluebeam for digital collaboration in architecture and engineering workflows, Upland Qvidian for proposal automation, and Upland Pinpoint for customer communication management.