Upland Software (UPLD) Raised to Strong-Buy at BidaskClub

Upland Software (NASDAQ:UPLD) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Friday, BidAskClub reports.

Several other analysts have also recently commented on UPLD. ValuEngine upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Friday, February 22nd. Needham & Company LLC raised their price target on shares of Upland Software from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Craig Hallum reiterated a “buy” rating and issued a $48.00 target price on shares of Upland Software in a research note on Friday, March 8th. Finally, Roth Capital lifted their target price on shares of Upland Software from $43.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $48.43.

Shares of UPLD stock traded up $0.55 during trading on Friday, hitting $47.54. 251,900 shares of the company were exchanged, compared to its average volume of 325,083. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market cap of $1.01 billion, a P/E ratio of 40.29, a P/E/G ratio of 1.88 and a beta of 0.69. Upland Software has a twelve month low of $25.12 and a twelve month high of $50.64.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.33 by $0.20. The business had revenue of $48.50 million during the quarter, compared to analysts’ expectations of $48.39 million. Upland Software had a negative net margin of 8.77% and a positive return on equity of 27.01%. The firm’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same period last year, the company posted $0.37 earnings per share. Sell-side analysts predict that Upland Software will post 1.26 EPS for the current year.

In other Upland Software news, CFO Michael Douglass Hill sold 41,431 shares of Upland Software stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $41.31, for a total value of $1,711,514.61. Following the completion of the sale, the chief financial officer now directly owns 304,435 shares in the company, valued at $12,576,209.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Timothy Mattox sold 28,196 shares of Upland Software stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $40.27, for a total transaction of $1,135,452.92. Following the completion of the sale, the chief operating officer now owns 509,230 shares of the company’s stock, valued at $20,506,692.10. The disclosure for this sale can be found here. Insiders sold 82,431 shares of company stock valued at $3,359,128 over the last quarter. Corporate insiders own 11.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of UPLD. Bank of New York Mellon Corp lifted its stake in shares of Upland Software by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 94,170 shares of the software maker’s stock worth $3,043,000 after buying an additional 4,280 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Upland Software in the third quarter worth $3,806,000. MetLife Investment Advisors LLC lifted its stake in shares of Upland Software by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 11,642 shares of the software maker’s stock worth $376,000 after buying an additional 4,139 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Upland Software by 7.6% in the third quarter. Teachers Advisors LLC now owns 31,777 shares of the software maker’s stock worth $1,027,000 after buying an additional 2,249 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Upland Software by 8.0% in the third quarter. Vanguard Group Inc. now owns 750,370 shares of the software maker’s stock worth $24,245,000 after buying an additional 55,637 shares during the last quarter. Hedge funds and other institutional investors own 70.15% of the company’s stock.

Upland Software Company Profile

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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Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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