Upland Software (UPLD) – Research Analysts’ Recent Ratings Changes

Upland Software (NASDAQ: UPLD) has recently received a number of price target changes and ratings updates:

  • 10/6/2018 – Upland Software was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/4/2018 – Upland Software had its price target raised by analysts at Raymond James from $38.00 to $42.00. They now have an “outperform” rating on the stock.
  • 10/3/2018 – Upland Software had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $40.00 price target on the stock. They wrote, “We find this transaction significant for three reasons: (1) it is the firm’s largest to date, consistent with our view that UPLD’s deals are likely to get bigger on the margin as the firm moves toward interim financial targets; (2) the addition of voice of the customer (VoC) and voice of the employee (VoE) applications gives UPLD a footing in what is a leading edge and fast- growing part of the CX stack; and (3) the acquisition adds an established sales channel for UPLD’s other messaging solutions in Europe as well as a cross-sell opportunity for R&R in the U.S. Consistent with most of UPLD’s other transactions, this deal is expected to be immediately accretive and the price paid falls within the firm’s targeted 5-8x pro- forma Adjusted EBITDA once integrated (in this case, it’s about 6.8x).””
  • 10/2/2018 – Upland Software was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/20/2018 – Upland Software was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/11/2018 – Upland Software was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/1/2018 – Upland Software was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/15/2018 – Upland Software was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “strong sell” rating. According to Zacks, “Upland Software Inc. is a provider of cloud-based Enterprise Work Management software that helps organizations to plan, manage and execute projects and work. It provides services to teams in Information Technology (IT), marketing, finance, professional services and process excellences. The Company’s services include Professional Services, Education and Training and Global Support. Upland Software, Inc. is headquartered in Austin, Texas. “
  • 8/14/2018 – Upland Software was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/9/2018 – Upland Software was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/9/2018 – Upland Software had its price target raised by analysts at Needham & Company LLC from $37.00 to $40.00. They now have a “buy” rating on the stock.
  • 8/9/2018 – Upland Software was upgraded by analysts at Roth Capital from a “neutral” rating to a “buy” rating. They now have a $11.50 price target on the stock, down previously from $26.00.

Shares of UPLD stock traded down $1.46 during trading hours on Monday, reaching $35.21. The stock had a trading volume of 174,400 shares, compared to its average volume of 221,271. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.74. Upland Software Inc has a 12 month low of $18.52 and a 12 month high of $38.30. The firm has a market capitalization of $696.53 million, a P/E ratio of 42.42, a price-to-earnings-growth ratio of 2.03 and a beta of 0.48.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Wednesday, August 8th. The software maker reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Upland Software had a negative net margin of 12.92% and a positive return on equity of 19.31%. The firm had revenue of $35.95 million during the quarter, compared to the consensus estimate of $34.06 million. During the same quarter last year, the business posted ($0.33) earnings per share. Upland Software’s revenue was up 54.3% compared to the same quarter last year. Sell-side analysts predict that Upland Software Inc will post 0.8 EPS for the current year.

In other Upland Software news, CEO John T. Mcdonald sold 46,203 shares of Upland Software stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $35.25, for a total transaction of $1,628,655.75. Following the completion of the sale, the chief executive officer now directly owns 1,614,897 shares in the company, valued at $56,925,119.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Epm Live, Inc. sold 45,601 shares of Upland Software stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $36.60, for a total transaction of $1,668,996.60. The disclosure for this sale can be found here. Insiders sold 1,231,181 shares of company stock valued at $43,222,805 over the last 90 days. 14.70% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in UPLD. BlackRock Inc. lifted its position in Upland Software by 164.3% during the second quarter. BlackRock Inc. now owns 1,022,552 shares of the software maker’s stock valued at $35,145,000 after purchasing an additional 635,712 shares during the last quarter. Castleark Management LLC lifted its position in Upland Software by 123.8% during the second quarter. Castleark Management LLC now owns 247,514 shares of the software maker’s stock valued at $8,507,000 after purchasing an additional 136,909 shares during the last quarter. Portolan Capital Management LLC lifted its position in Upland Software by 68.9% during the second quarter. Portolan Capital Management LLC now owns 231,389 shares of the software maker’s stock valued at $7,953,000 after purchasing an additional 94,412 shares during the last quarter. Northern Trust Corp lifted its position in Upland Software by 67.3% during the second quarter. Northern Trust Corp now owns 181,302 shares of the software maker’s stock valued at $6,232,000 after purchasing an additional 72,911 shares during the last quarter. Finally, Dana Investment Advisors Inc. bought a new stake in Upland Software during the second quarter valued at approximately $2,404,000. Institutional investors and hedge funds own 52.26% of the company’s stock.

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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