Upland Software (NASDAQ:UPLD) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Upland Software, Inc. (NASDAQ:UPLD)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.18 and traded as low as $4.53. Upland Software shares last traded at $4.85, with a volume of 59,349 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price objective on shares of Upland Software from $50.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Upland Software has a consensus rating of “Moderate Buy” and a consensus price target of $36.67.

Upland Software Stock Up 0.2%

The stock has a market capitalization of $14.26 million, a price-to-earnings ratio of -0.69 and a beta of 1.36. The stock has a 50 day moving average price of $7.18 and a 200 day moving average price of $9.86.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Friday, May 1st. The software maker reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.30. The firm had revenue of $48.69 million during the quarter, compared to analysts’ expectations of $48.50 million. Upland Software had a negative net margin of 7.08% and a negative return on equity of 51.46%.

Hedge Funds Weigh In On Upland Software

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP bought a new position in shares of Upland Software in the 3rd quarter worth about $32,000. Dynamic Technology Lab Private Ltd acquired a new stake in Upland Software in the 3rd quarter valued at $34,000. NewEdge Advisors LLC increased its position in shares of Upland Software by 697.1% during the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock worth $34,000 after acquiring an additional 10,442 shares in the last quarter. Centiva Capital LP bought a new stake in Upland Software during the 3rd quarter worth approximately $52,000. Finally, XTX Topco Ltd bought a new stake in Upland Software during the fourth quarter worth $56,000. Institutional investors own 77.78% of the company’s stock.

Upland Software Company Profile

Upland Software, Inc is a provider of enterprise work management software delivered through a cloud-based, software-as-a-service model. The company offers a suite of integrated applications designed to help organizations plan, execute and measure work across various business functions including project management, marketing workflows, document automation and contract management.

Its flagship product lines include Upland PSA for professional services automation, Upland Bluebeam for digital collaboration in architecture and engineering workflows, Upland Qvidian for proposal automation, and Upland Pinpoint for customer communication management.