Upland Software (NASDAQ:UPLD) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Upland Software (NASDAQ:UPLD) from a hold rating to a buy rating in a research note published on Saturday morning.

UPLD has been the topic of several other research reports. Craig Hallum raised Upland Software from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Friday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Upland Software in a report on Wednesday, October 8th. Finally, Needham & Company LLC raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.00.

Upland Software Stock Down 6.5%

Shares of Upland Software stock traded down $0.12 during trading on Friday, hitting $1.72. The stock had a trading volume of 293,760 shares, compared to its average volume of 139,882. The stock has a 50 day simple moving average of $2.35 and a 200 day simple moving average of $2.22. Upland Software has a 1 year low of $1.62 and a 1 year high of $5.64. The company has a market capitalization of $49.49 million, a PE ratio of -0.98 and a beta of 1.19.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, November 6th. The software maker reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The company had revenue of $50.53 million during the quarter, compared to the consensus estimate of $49.86 million. Upland Software had a negative net margin of 18.43% and a negative return on equity of 89.19%. Upland Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that Upland Software will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Upland Software

In other Upland Software news, CEO John T. Mcdonald sold 14,438 shares of Upland Software stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $2.36, for a total transaction of $34,073.68. Following the completion of the transaction, the chief executive officer directly owned 2,452,125 shares of the company’s stock, valued at $5,787,015. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Upland Software

Several institutional investors and hedge funds have recently made changes to their positions in UPLD. Assenagon Asset Management S.A. acquired a new stake in Upland Software during the 3rd quarter worth approximately $495,000. Inspire Advisors LLC acquired a new stake in shares of Upland Software during the first quarter worth $338,000. Mackenzie Financial Corp boosted its position in shares of Upland Software by 18.5% in the first quarter. Mackenzie Financial Corp now owns 71,523 shares of the software maker’s stock valued at $205,000 after acquiring an additional 11,173 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of Upland Software in the second quarter valued at about $122,000. Finally, Ritholtz Wealth Management increased its position in Upland Software by 32.0% during the third quarter. Ritholtz Wealth Management now owns 51,269 shares of the software maker’s stock worth $122,000 after acquiring an additional 12,433 shares during the period. Institutional investors and hedge funds own 77.78% of the company’s stock.

Upland Software Company Profile

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.