Upland Software (NASDAQ:UPLD) Stock Lifted to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Upland Software (NASDAQ:UPLD) to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other brokerages have also recently weighed in on UPLD. Needham & Company LLC decreased their price target on Upland Software from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, November 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Upland Software in a research report on Friday, September 25th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.50.

Upland Software Stock Down 3.0%

Shares of NASDAQ:UPLD traded down $0.09 during midday trading on Friday, reaching $2.94. 69,453 shares of the company traded hands, compared to its average volume of 119,201. Upland Software has a 12 month low of $2.75 and a 12 month high of $19.60. The firm has a market capitalization of $8.35 million, a price-to-earnings ratio of -0.21 and a beta of 1.42. The firm’s fifty day moving average price is $3.59 and its two-hundred day moving average price is $5.99.

Upland Software (NASDAQ:UPLD) last issued its quarterly earnings data on Wednesday, November 4th. The software maker reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.11. Upland Software had a negative return on equity of 34.37% and a negative net margin of 18.44%. The business had revenue of $47.53 million for the quarter, compared to analysts’ expectations of $47.20 million.

Insider Buying and Selling

In other Upland Software news, Director John T. Mcdonald sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $3.16, for a total value of $47,400.00. Following the completion of the transaction, the director owned 249,088 shares of the company’s stock, valued at $787,118.08. The trade was a 5.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Upland Software

A hedge fund recently raised its stake in Upland Software stock. Rice Hall James & Associates LLC increased its stake in Upland Software, Inc. (NASDAQ:UPLD) by 9.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 974,448 shares of the software maker’s stock after acquiring an additional 80,751 shares during the period. Rice Hall James & Associates LLC owned about 3.32% of Upland Software worth $649,000 as of its most recent SEC filing. 77.78% of the stock is currently owned by institutional investors and hedge funds.

About Upland Software

Upland Software, Inc. is an enterprise software company that develops cloud-based applications for managing work, customer relationships and business processes. Its software is designed to help organizations automate workflows, organize information, improve collaboration and measure operational performance across departments. Upland’s product portfolio has included solutions for project and portfolio management, enterprise content management, knowledge management, customer experience, customer service, sales enablement, communications and information technology service management.