Upland Software (UPLD) Upgraded to “Hold” at BidaskClub

Upland Software (NASDAQ:UPLD) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other research analysts have also recently commented on the stock. ValuEngine cut shares of Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $26.40.

Upland Software (UPLD) opened at $22.48 on Tuesday. Upland Software has a 12-month low of $9.04 and a 12-month high of $25.56. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $459.35, a PE ratio of -23.42, a PEG ratio of 1.39 and a beta of 0.54.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, November 9th. The software maker reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. The company had revenue of $26.07 million during the quarter, compared to analyst estimates of $25.33 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 35.5% on a year-over-year basis. sell-side analysts expect that Upland Software will post 0.48 earnings per share for the current year.

In related news, major shareholder Systems Corp Wave sold 1,460,862 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $22.00, for a total transaction of $32,138,964.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John T. Mcdonald sold 35,196 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.44, for a total transaction of $754,602.24. Following the sale, the chief executive officer now owns 1,922,022 shares of the company’s stock, valued at $41,208,151.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,972,212 shares of company stock valued at $43,431,729. 30.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Pembroke Management LTD raised its position in Upland Software by 4.0% during the third quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock valued at $13,185,000 after acquiring an additional 24,000 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Upland Software during the second quarter valued at approximately $489,000. Vanguard Group Inc. raised its position in Upland Software by 55.3% during the second quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock valued at $8,883,000 after acquiring an additional 143,808 shares in the last quarter. Lyon Street Capital LLC bought a new position in Upland Software during the second quarter valued at approximately $7,321,000. Finally, Wasatch Advisors Inc. bought a new position in Upland Software during the second quarter valued at approximately $3,331,000. 30.10% of the stock is currently owned by hedge funds and other institutional investors.

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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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