Upland Software (UPLD) Downgraded by Zacks Investment Research

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Upland Software (NASDAQ:UPLD) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Zacks.com reports.

According to Zacks, “Upland Software Inc. is a provider of cloud-based Enterprise Work Management software that helps organizations to plan, manage and execute projects and work. It provides services to teams in Information Technology (IT), marketing, finance, professional services and process excellences. The Company’s services include Professional Services, Education and Training and Global Support. Upland Software, Inc. is headquartered in Austin, Texas. “

Other equities analysts also recently issued reports about the company. BidaskClub downgraded Upland Software from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Needham & Company LLC lifted their target price on Upland Software to $50.00 and gave the company a “positive” rating in a research report on Tuesday, April 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 target price on shares of Upland Software in a research report on Monday, May 6th. They noted that the move was a valuation call. SunTrust Banks lifted their target price on Upland Software to $48.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, Roth Capital lifted their target price on Upland Software from $43.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $48.43.

NASDAQ UPLD opened at $46.72 on Friday. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 1.85 and a beta of 0.69. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.57 and a quick ratio of 0.63. Upland Software has a 1-year low of $25.12 and a 1-year high of $48.19.

Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, May 2nd. The software maker reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.20. The company had revenue of $48.50 million during the quarter, compared to the consensus estimate of $48.39 million. Upland Software had a positive return on equity of 27.01% and a negative net margin of 8.77%. Upland Software’s revenue was up 53.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. On average, sell-side analysts forecast that Upland Software will post 1.26 earnings per share for the current fiscal year.

In other news, CFO Michael Douglass Hill sold 41,431 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $41.31, for a total transaction of $1,711,514.61. Following the completion of the transaction, the chief financial officer now directly owns 304,435 shares of the company’s stock, valued at $12,576,209.85. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Timothy Mattox sold 28,196 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $40.27, for a total value of $1,135,452.92. Following the transaction, the chief operating officer now directly owns 509,230 shares of the company’s stock, valued at $20,506,692.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,431 shares of company stock valued at $3,359,128. Corporate insiders own 14.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Upland Software by 2.4% in the fourth quarter. BlackRock Inc. now owns 1,131,682 shares of the software maker’s stock valued at $30,759,000 after purchasing an additional 26,968 shares in the last quarter. Vanguard Group Inc boosted its holdings in Upland Software by 8.0% in the third quarter. Vanguard Group Inc now owns 750,370 shares of the software maker’s stock valued at $24,245,000 after purchasing an additional 55,637 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Upland Software by 8.0% in the third quarter. Vanguard Group Inc. now owns 750,370 shares of the software maker’s stock valued at $24,245,000 after purchasing an additional 55,637 shares in the last quarter. Portolan Capital Management LLC boosted its holdings in Upland Software by 127.1% in the fourth quarter. Portolan Capital Management LLC now owns 706,570 shares of the software maker’s stock valued at $19,205,000 after purchasing an additional 395,418 shares in the last quarter. Finally, Knott David M boosted its holdings in Upland Software by 20.0% in the fourth quarter. Knott David M now owns 420,000 shares of the software maker’s stock valued at $11,416,000 after purchasing an additional 70,000 shares in the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.

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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