Brokerages Set Upland Software Inc (UPLD) Target Price at $34.25

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Upland Software Inc (NASDAQ:UPLD) has been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $34.25.

Several equities analysts have weighed in on UPLD shares. ValuEngine cut shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. BidaskClub upgraded shares of Upland Software from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th. Canaccord Genuity reiterated a “buy” rating and set a $40.00 price objective on shares of Upland Software in a research report on Wednesday, October 3rd. Raymond James lifted their target price on shares of Upland Software from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, October 4th. Finally, Needham & Company LLC lifted their target price on shares of Upland Software from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 9th.

In other Upland Software news, COO Timothy Mattox sold 1,099 shares of Upland Software stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $38.00, for a total transaction of $41,762.00. Following the completion of the sale, the chief operating officer now owns 449,690 shares of the company’s stock, valued at approximately $17,088,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Epm Live, Inc. sold 55,101 shares of Upland Software stock in a transaction on Monday, August 13th. The shares were sold at an average price of $36.32, for a total transaction of $2,001,268.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,149,107 shares of company stock valued at $40,331,178 in the last three months. Company insiders own 14.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Creative Planning lifted its stake in shares of Upland Software by 22.2% in the 2nd quarter. Creative Planning now owns 11,000 shares of the software maker’s stock valued at $378,000 after purchasing an additional 2,000 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its stake in shares of Upland Software by 42.8% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 6,726 shares of the software maker’s stock valued at $231,000 after purchasing an additional 2,016 shares during the last quarter. BlueMountain Capital Management LLC lifted its stake in shares of Upland Software by 19.2% in the 2nd quarter. BlueMountain Capital Management LLC now owns 15,101 shares of the software maker’s stock valued at $519,000 after purchasing an additional 2,436 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Upland Software by 13.9% in the 2nd quarter. Bank of America Corp DE now owns 26,825 shares of the software maker’s stock valued at $922,000 after purchasing an additional 3,266 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Upland Software by 26.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 18,754 shares of the software maker’s stock valued at $645,000 after purchasing an additional 3,900 shares during the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.

NASDAQ UPLD opened at $31.54 on Monday. Upland Software has a twelve month low of $18.52 and a twelve month high of $38.30. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $653.42 million, a price-to-earnings ratio of 38.00, a PEG ratio of 1.85 and a beta of 0.48.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Wednesday, August 8th. The software maker reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Upland Software had a positive return on equity of 19.31% and a negative net margin of 12.92%. The firm had revenue of $35.95 million for the quarter, compared to analysts’ expectations of $34.06 million. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. The company’s revenue for the quarter was up 54.3% on a year-over-year basis. As a group, equities analysts expect that Upland Software will post 0.82 earnings per share for the current year.

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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Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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