Upland Software (NASDAQ:UPLD) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Upland Software, Inc. (NASDAQ:UPLD) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.26 and traded as low as $0.9302. Upland Software shares last traded at $0.9921, with a volume of 179,575 shares changing hands.

Analysts Set New Price Targets

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

Upland Software Trading Up 2.1%

The business has a 50-day moving average price of $0.67 and a two-hundred day moving average price of $1.26. The stock has a market capitalization of $29.13 million, a P/E ratio of -1.42 and a beta of 1.22.

Upland Software (NASDAQ:UPLD) last released its earnings results 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 firm had revenue of $48.69 million during the quarter, compared to the consensus estimate of $48.50 million. Upland Software had a negative return on equity of 51.46% and a negative net margin of 7.08%.

Institutional Trading of Upland Software

A number of institutional investors have recently modified their holdings of UPLD. NewEdge Advisors LLC lifted its position in shares of Upland Software by 697.1% during the 1st quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock valued at $34,000 after acquiring an additional 10,442 shares during the period. XTX Topco Ltd lifted its position in shares of Upland Software by 63.5% during the 2nd 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 last quarter. Russell Investments Group Ltd. lifted its position in shares of Upland Software by 2,534.9% during the 2nd 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 last quarter. Evergreen Capital Management LLC bought a new stake in shares of Upland Software during the 2nd quarter worth $122,000. Finally, Ritholtz Wealth Management lifted its position in shares of Upland Software by 32.0% during the 3rd 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 last quarter. 77.78% of the stock is currently owned by institutional investors.

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.