Upland Software (NASDAQ:UPLD) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Upland Software, Inc. (NASDAQ:UPLD) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.76 and traded as low as $0.6273. Upland Software shares last traded at $0.6356, with a volume of 148,807 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on UPLD. Canaccord Genuity Group cut their price objective on shares of Upland Software from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Upland Software in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $3.67.

Upland Software Price Performance

The firm’s 50 day moving average price is $0.76 and its 200-day moving average price is $1.43. The stock has a market cap of $18.51 million, a P/E ratio of -0.40 and a beta of 1.34.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Tuesday, March 3rd. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. The firm had revenue of $49.31 million for the quarter, compared to the consensus estimate of $50.30 million. Upland Software had a negative net margin of 17.94% and a negative return on equity of 58.67%. On average, analysts expect that Upland Software, Inc. will post 0.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in shares of Upland Software in the fourth quarter worth approximately $56,000. Quadrature Capital Ltd bought a new position in Upland Software during the fourth quarter valued at approximately $59,000. Russell Investments Group Ltd. lifted its position in Upland Software by 41.0% during the fourth quarter. Russell Investments Group Ltd. now owns 262,389 shares of the software maker’s stock valued at $375,000 after purchasing an additional 76,341 shares during the period. Rice Hall James & Associates LLC lifted its position in Upland Software by 2.6% during the fourth quarter. Rice Hall James & Associates LLC now owns 893,697 shares of the software maker’s stock valued at $1,278,000 after purchasing an additional 22,438 shares during the period. Finally, Squarepoint Ops LLC lifted its position in Upland Software by 34.7% during the fourth quarter. Squarepoint Ops LLC now owns 139,197 shares of the software maker’s stock valued at $199,000 after purchasing an additional 35,878 shares during the period. Institutional investors own 77.78% of the company’s stock.

Upland Software Company Profile

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.