Upland Software (NASDAQ:UPLD) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Upland Software, Inc. (NASDAQ:UPLD) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.83 and traded as low as $1.4850. Upland Software shares last traded at $1.5150, with a volume of 67,446 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UPLD shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Upland Software in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.00.

Upland Software Trading Down 1.3%

The firm has a market capitalization of $43.05 million, a price-to-earnings ratio of -0.85 and a beta of 1.19. The stock’s fifty day moving average price is $1.81 and its two-hundred day moving average price is $2.07.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, November 6th. The software maker reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The firm had revenue of $50.53 million during the quarter, compared to the consensus estimate of $49.86 million. Upland Software had a negative net margin of 18.43% and a negative return on equity of 80.37%. Analysts anticipate that Upland Software, Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Trading of Upland Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPLD. American Century Companies Inc. purchased a new position in shares of Upland Software in the 1st quarter valued at $55,000. Centiva Capital LP purchased a new stake in Upland Software in the third quarter valued at $52,000. Ameriprise Financial Inc. boosted its stake in Upland Software by 10.8% in the third quarter. Ameriprise Financial Inc. now owns 1,320,696 shares of the software maker’s stock valued at $3,130,000 after acquiring an additional 128,200 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Upland Software by 35.4% during the third quarter. Two Sigma Investments LP now owns 352,699 shares of the software maker’s stock worth $836,000 after purchasing an additional 92,266 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Upland Software by 21.1% during the third quarter. Squarepoint Ops LLC now owns 103,319 shares of the software maker’s stock worth $245,000 after purchasing an additional 18,034 shares during the last quarter. Institutional investors and hedge funds 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.