BidaskClub Downgrades Upland Software (NASDAQ:UPLD) to Sell

Share on StockTwits

BidaskClub cut shares of Upland Software (NASDAQ:UPLD) from a hold rating to a sell rating in a research note released on Saturday morning, BidAskClub reports.

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.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.21. The company had revenue of $53.01 million for the quarter, compared to analysts’ expectations of $51.51 million. Upland Software had a negative net margin of 8.03% and a positive return on equity of 25.43%. Upland Software’s revenue was up 47.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.26) EPS. Analysts anticipate that Upland Software will post 1.54 earnings per share for the current fiscal year.

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.

See Also: Trading Ex-Dividend

Analyst Recommendations for Upland Software (NASDAQ:UPLD)

Receive News & Ratings for Upland Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software and related companies with MarketBeat.com's FREE daily email newsletter.