Upland Software, Inc. (UPLD) Lowered to Neutral at Roth Capital

Roth Capital lowered shares of Upland Software, Inc. (NASDAQ:UPLD) from a buy rating to a neutral rating in a research report released on Friday, July 14th, Marketbeat Ratings reports. They currently have $26.00 target price on the software maker’s stock.

UPLD has been the subject of several other research reports. Craig Hallum started coverage on Upland Software in a report on Wednesday, April 19th. They issued a buy rating for the company. Needham & Company LLC reissued a buy rating and issued a $18.00 price objective on shares of Upland Software in a report on Monday, April 3rd. SunTrust Banks, Inc. started coverage on Upland Software in a report on Monday, June 26th. They issued a buy rating and a $27.00 price objective for the company. Zacks Investment Research lowered Upland Software from a hold rating to a sell rating in a report on Wednesday, May 24th. Finally, William Blair reissued an outperform rating on shares of Upland Software in a report on Tuesday, April 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Upland Software has an average rating of Buy and a consensus target price of $24.40.

Upland Software (UPLD) opened at 23.08 on Friday. The company’s market capitalization is $425.53 million. Upland Software has a 52-week low of $7.48 and a 52-week high of $25.56. The firm’s 50-day moving average is $23.48 and its 200-day moving average is $18.50.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.50. Upland Software had a negative return on equity of 27.06% and a negative net margin of 19.10%. The firm had revenue of $23.30 million during the quarter, compared to analysts’ expectations of $21.84 million. During the same period last year, the business posted ($0.22) EPS. The company’s revenue was up 25.3% compared to the same quarter last year. On average, equities research analysts forecast that Upland Software will post $0.82 EPS for the current year.

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In other Upland Software news, major shareholder Systems Corp Wave sold 561,712 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $22.68, for a total value of $12,739,628.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 30.20% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of UPLD. Renaissance Technologies LLC increased its stake in shares of Upland Software by 6.4% in the fourth quarter. Renaissance Technologies LLC now owns 113,000 shares of the software maker’s stock worth $1,011,000 after buying an additional 6,800 shares during the period. Bank of Montreal Can increased its stake in shares of Upland Software by 547.2% in the first quarter. Bank of Montreal Can now owns 175,801 shares of the software maker’s stock worth $2,793,000 after buying an additional 148,638 shares during the period. Pembroke Management LTD acquired a new stake in shares of Upland Software during the first quarter worth about $3,400,000. TFS Capital LLC acquired a new stake in shares of Upland Software during the first quarter worth about $222,000. Finally, EAM Investors LLC acquired a new stake in shares of Upland Software during the first quarter worth about $702,000. Hedge funds and other institutional investors own 12.39% of the company’s stock.

About Upland Software

Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.

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