Upland Software (NASDAQ:UPLD) Sets New 52-Week High at $54.87

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Upland Software Inc (NASDAQ:UPLD)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $54.87 and last traded at $52.75, with a volume of 91491 shares. The stock had previously closed at $48.86.

A number of equities research analysts have issued reports on UPLD shares. Zacks Investment Research raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Friday, February 22nd. BidaskClub raised shares of Upland Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 23rd. Needham & Company LLC lifted their target price on shares of Upland Software from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, March 8th. Craig Hallum reissued a “buy” rating and set a $48.00 target price on shares of Upland Software in a research note on Friday, March 8th. Finally, Roth Capital lifted their target price on shares of Upland Software from $43.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $51.50.

The company has a market cap of $1.06 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 1.93 and a beta of 0.66. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.57 and a current ratio of 0.57.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, May 2nd. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.20. The company had revenue of $48.50 million during the quarter, compared to analyst estimates of $48.39 million. Upland Software had a negative net margin of 8.77% and a positive return on equity of 27.01%. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. On average, equities research analysts anticipate that Upland Software Inc will post 1.26 earnings per share for the current year.

In related news, CFO Michael Douglass Hill sold 41,431 shares of Upland Software stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $41.31, for a total value of $1,711,514.61. Following the completion of the sale, the chief financial officer now owns 304,435 shares of the company’s stock, valued at approximately $12,576,209.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 11.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in UPLD. General Equity Holdings LP acquired a new position in Upland Software in the first quarter valued at about $4,689,000. HighTower Advisors LLC boosted its position in Upland Software by 29.1% in the first quarter. HighTower Advisors LLC now owns 10,865 shares of the software maker’s stock valued at $459,000 after buying an additional 2,450 shares in the last quarter. SEI Investments Co boosted its position in Upland Software by 928.1% in the first quarter. SEI Investments Co now owns 16,152 shares of the software maker’s stock valued at $680,000 after buying an additional 14,581 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Upland Software by 423.3% in the first quarter. Goldman Sachs Group Inc. now owns 81,846 shares of the software maker’s stock valued at $3,467,000 after buying an additional 66,207 shares in the last quarter. Finally, Voya Investment Management LLC acquired a new position in Upland Software in the first quarter valued at about $284,000. 66.55% of the stock is owned by institutional investors and hedge funds.

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Upland Software Company Profile (NASDAQ:UPLD)

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.

See Also: P/E Growth (PEG)

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