Upland Software (NASDAQ:UPLD) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a report released on Wednesday, TheStreetRatingsTable reports.

UPLD has been the topic of several other reports. SunTrust Banks set a $75.00 target price on Cimarex Energy and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group cut their price objective on Zuora from $35.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. BidaskClub lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Roth Capital reissued a “buy” rating on shares of Kalvista Pharmaceuticals in a research report on Tuesday, May 28th. Finally, Canaccord Genuity cut their price objective on Jamieson Wellness from C$23.00 to C$20.00 in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $51.88.

Shares of UPLD stock traded down $0.84 during mid-day trading on Wednesday, hitting $46.16. 2,395 shares of the company’s stock were exchanged, compared to its average volume of 451,063. Upland Software has a fifty-two week low of $25.12 and a fifty-two week high of $54.87. The company has a 50-day simple moving average of $47.40. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 3.23. The stock has a market capitalization of $1.01 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 1.88 and a beta of 0.57.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.20. Upland Software had a positive return on equity of 27.01% and a negative net margin of 8.77%. The business had revenue of $48.50 million for the quarter, compared to analysts’ expectations of $48.39 million. During the same quarter last year, the firm earned $0.37 earnings per share. The business’s revenue was up 53.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Upland Software will post 1.26 EPS for the current year.

A number of large investors have recently bought and sold shares of UPLD. Legal & General Group Plc boosted its stake in Upland Software by 26.6% in the fourth quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock valued at $81,000 after acquiring an additional 622 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Upland Software by 3.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,658 shares of the software maker’s stock valued at $616,000 after buying an additional 700 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Upland Software by 1.5% during the first quarter. Hodges Capital Management Inc. now owns 73,097 shares of the software maker’s stock valued at $3,096,000 after buying an additional 1,100 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Upland Software by 109,133.3% during the first quarter. BNP Paribas Arbitrage SA now owns 3,277 shares of the software maker’s stock valued at $139,000 after buying an additional 3,274 shares during the last quarter. Finally, Avalon Advisors LLC raised its holdings in shares of Upland Software by 3.0% during the first quarter. Avalon Advisors LLC now owns 114,519 shares of the software maker’s stock valued at $4,851,000 after buying an additional 3,331 shares during the last quarter. Institutional investors and hedge funds own 66.55% of the company’s stock.

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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