Upland Software Inc (NASDAQ:UPLD) Given Average Recommendation of “Buy” by Brokerages
Shares of Upland Software Inc (NASDAQ:UPLD) have been assigned an average rating of “Buy” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $51.75.
UPLD has been the subject of a number of recent research reports. Jefferies Financial Group dropped their target price on Upland Software from $61.00 to $49.00 and set a “buy” rating for the company in a research report on Friday, November 8th. They noted that the move was a valuation call. Craig Hallum boosted their price objective on Upland Software from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Zacks Investment Research downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. BidaskClub raised shares of Upland Software from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, ValuEngine cut shares of Upland Software from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th.
Shares of Upland Software stock traded up $0.23 during midday trading on Tuesday, reaching $36.47. The company had a trading volume of 6,313 shares, compared to its average volume of 301,042. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.57. The stock has a fifty day simple moving average of $37.92 and a 200 day simple moving average of $41.85. Upland Software has a 1-year low of $25.12 and a 1-year high of $54.87. The company has a market capitalization of $977.86 million, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61.
In other Upland Software news, Director Stephen E. Courter sold 1,450 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $34.42, for a total value of $49,909.00. Following the completion of the sale, the director now owns 11,651 shares of the company’s stock, valued at $401,027.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.60% of the company’s stock.
Large investors have recently bought and sold shares of the business. Van Hulzen Asset Management LLC raised its position in shares of Upland Software by 8.5% during the second quarter. Van Hulzen Asset Management LLC now owns 5,685 shares of the software maker’s stock worth $259,000 after purchasing an additional 444 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Upland Software by 57.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,420 shares of the software maker’s stock worth $50,000 after acquiring an additional 516 shares during the period. Rice Hall James & Associates LLC lifted its position in Upland Software by 2.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 24,050 shares of the software maker’s stock valued at $838,000 after acquiring an additional 552 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Upland Software by 77.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock valued at $63,000 after acquiring an additional 608 shares in the last quarter. Finally, Aperio Group LLC bought a new stake in Upland Software in the 2nd quarter valued at $28,000. 79.99% of the stock is owned by hedge funds and other institutional investors.
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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