Several other brokerages also recently weighed in on UPLD. Jefferies Financial Group initiated coverage on shares of Upland Software in a report on Friday, May 31st. They issued a buy rating and a $61.00 target price on the stock. Roth Capital increased their price target on shares of Upland Software from $54.00 to $58.00 in a report on Tuesday, May 28th. TheStreet downgraded shares of Upland Software from a b- rating to a c+ rating in a research report on Wednesday, July 10th. Craig Hallum restated a buy rating and issued a $56.00 price objective (up previously from $52.00) on shares of Upland Software in a research report on Friday, May 31st. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $53.00 price objective (up previously from $50.00) on shares of Upland Software in a report on Monday, June 24th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $51.88.
Shares of NASDAQ UPLD opened at $36.54 on Friday. The stock has a fifty day moving average price of $41.51 and a 200 day moving average price of $43.43. Upland Software has a 1-year low of $25.12 and a 1-year high of $54.87. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $922.60 million, a PE ratio of 30.97, a P/E/G ratio of 1.18 and a beta of 0.62.
In other Upland Software news, Director David May sold 20,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $42.81, for a total transaction of $856,200.00. Following the sale, the director now directly owns 65,773 shares in the company, valued at approximately $2,815,742.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.60% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the business. Atria Investments LLC acquired a new stake in shares of Upland Software during the 2nd quarter valued at approximately $173,000. Hodges Capital Management Inc. increased its stake in Upland Software by 39.0% in the 2nd quarter. Hodges Capital Management Inc. now owns 101,597 shares of the software maker’s stock valued at $4,626,000 after purchasing an additional 28,500 shares in the last quarter. Royal Bank of Canada increased its stake in Upland Software by 177.2% in the 2nd quarter. Royal Bank of Canada now owns 4,482 shares of the software maker’s stock valued at $204,000 after purchasing an additional 2,865 shares in the last quarter. Concourse Capital Management LLC increased its stake in Upland Software by 8.5% in the 2nd quarter. Concourse Capital Management LLC now owns 96,690 shares of the software maker’s stock valued at $4,402,000 after purchasing an additional 7,590 shares in the last quarter. Finally, Ashford Capital Management Inc. acquired a new position in Upland Software during the second quarter worth $15,872,000. 76.15% of the stock is owned by institutional investors.
About Upland Software
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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