Upland Software (NASDAQ:UPLD) Downgraded by BidaskClub

BidaskClub downgraded shares of Upland Software (NASDAQ:UPLD) from a hold rating to a sell rating in a research note issued to investors on Friday morning, BidAskClub reports.

UPLD has been the topic of a number of other research reports. ValuEngine lowered Upland Software from a sell rating to a strong sell rating in a report on Friday, October 25th. Credit Suisse Group began coverage on Upland Software in a report on Wednesday, November 6th. They issued an outperform rating and a $48.00 target price on the stock. Jefferies Financial Group lowered their target price on Upland Software from $61.00 to $49.00 and set a buy rating on the stock in a report on Friday, November 8th. They noted that the move was a valuation call. Raymond James raised their target price on Upland Software from $45.00 to $47.00 and gave the company an outperform rating in a report on Tuesday, October 8th. Finally, Zacks Investment Research lowered Upland Software from a hold rating to a sell rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $50.67.

UPLD traded up $0.27 during midday trading on Friday, reaching $35.78. The company’s stock had a trading volume of 156,341 shares, compared to its average volume of 201,098. The stock has a market cap of $891.97 million, a P/E ratio of 23.54, a PEG ratio of 0.98 and a beta of 0.61. The company has a fifty day simple moving average of $37.25 and a 200 day simple moving average of $41.20. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.57. Upland Software has a twelve month low of $25.12 and a twelve month high of $54.87.

Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, November 7th. The software maker reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.20. The firm had revenue of $55.10 million for the quarter, compared to analyst estimates of $55.33 million. Upland Software had a positive return on equity of 21.45% and a negative net margin of 11.31%. The company’s revenue was up 48.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Sell-side analysts expect that Upland Software will post 1.44 earnings per share for the current year.

In other news, Director Stephen E. Courter sold 1,450 shares of Upland Software stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $34.42, for a total transaction of $49,909.00. Following the sale, the director now owns 11,651 shares of the company’s stock, valued at approximately $401,027.42. 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.

Several large investors have recently made changes to their positions in the company. Van Hulzen Asset Management LLC grew its holdings in shares of Upland Software by 8.5% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 5,685 shares of the software maker’s stock worth $259,000 after purchasing an additional 444 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Upland Software by 57.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,420 shares of the software maker’s stock worth $50,000 after buying an additional 516 shares during the period. Rice Hall James & Associates LLC lifted its position in shares of Upland Software by 2.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 24,050 shares of the software maker’s stock worth $838,000 after buying an additional 552 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Upland Software by 77.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock worth $63,000 after buying an additional 608 shares during the period. Finally, Aperio Group LLC bought a new position in shares of Upland Software during the 2nd quarter worth approximately $28,000. 79.99% of the stock is currently owned by institutional investors.

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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