Brokerages Set Upland Software (UPLD) Price Target at $33.40
Shares of Upland Software (NASDAQ:UPLD) have been assigned an average recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $33.40.
Several brokerages have issued reports on UPLD. Canaccord Genuity increased their price target on Upland Software from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, March 23rd. Craig Hallum increased their price target on Upland Software from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, March 23rd. SunTrust Banks increased their price target on Upland Software to $36.00 and gave the stock a “buy” rating in a report on Friday, March 23rd. They noted that the move was a valuation call. Zacks Investment Research downgraded Upland Software from a “hold” rating to a “sell” rating in a report on Saturday, March 10th. Finally, BidaskClub upgraded Upland Software from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 22nd.
NASDAQ UPLD traded up $0.54 on Thursday, reaching $28.65. The company had a trading volume of 32,018 shares, compared to its average volume of 229,371. The company has a market capitalization of $591.28, a PE ratio of 34.69, a P/E/G ratio of 1.75 and a beta of 0.32. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.19. Upland Software has a 52 week low of $15.54 and a 52 week high of $31.70.
In other news, CEO John T. Mcdonald sold 10,000 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $28.24, for a total transaction of $282,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Timothy Mattox sold 17,000 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $26.09, for a total value of $443,530.00. Following the transaction, the chief operating officer now directly owns 420,204 shares of the company’s stock, valued at $10,963,122.36. The disclosure for this sale can be found here. Insiders have sold 242,500 shares of company stock valued at $6,548,405 over the last ninety days. 30.20% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. State Street Corp bought a new stake in Upland Software in the 2nd quarter valued at about $1,896,000. The Manufacturers Life Insurance Company increased its holdings in Upland Software by 784.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock worth $158,000 after purchasing an additional 6,367 shares in the last quarter. California State Teachers Retirement System bought a new stake in Upland Software during the 2nd quarter worth approximately $284,000. Bank of New York Mellon Corp increased its holdings in Upland Software by 30.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 28,983 shares of the software maker’s stock worth $613,000 after purchasing an additional 6,763 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Upland Software by 8,474.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,666 shares of the software maker’s stock worth $626,000 after purchasing an additional 29,320 shares in the last quarter. 50.28% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2018/04/17/brokerages-set-upland-software-upld-price-target-at-33-40.html.
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.
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.