Upland Software (UPLD) PT Raised to $38.00

Upland Software (NASDAQ:UPLD) had its price target upped by analysts at Canaccord Genuity from $35.00 to $38.00 in a report issued on Friday. The firm currently has a “buy” rating on the software maker’s stock. Canaccord Genuity’s price target suggests a potential upside of 10.50% from the stock’s current price.

UPLD has been the subject of several other research reports. BidaskClub downgraded Upland Software from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 21st. SunTrust Banks reiterated a “buy” rating and issued a $32.00 price objective on shares of Upland Software in a research report on Friday, March 9th. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research report on Wednesday, May 23rd. Needham & Company LLC boosted their price objective on Upland Software from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. Finally, ValuEngine upgraded Upland Software from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $35.00.

Shares of UPLD stock opened at $34.39 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.63. Upland Software has a fifty-two week low of $18.52 and a fifty-two week high of $36.88. The company has a market capitalization of $701.96 million, a price-to-earnings ratio of 41.43, a P/E/G ratio of 1.73 and a beta of 0.46.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Wednesday, May 9th. The software maker reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.12. Upland Software had a positive return on equity of 9.06% and a negative net margin of 14.95%. The firm had revenue of $31.62 million during the quarter, compared to the consensus estimate of $30.05 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s revenue was up 52.4% on a year-over-year basis. equities analysts predict that Upland Software will post 0.94 EPS for the current year.

In related news, CEO John T. Mcdonald sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $27.72, for a total transaction of $1,108,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David May sold 35,021 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $35.21, for a total value of $1,233,089.41. Following the transaction, the director now owns 128,479 shares of the company’s stock, valued at approximately $4,523,745.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,021 shares of company stock valued at $3,754,689. 14.70% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC bought a new position in shares of Upland Software during the first quarter valued at approximately $136,000. Quadrature Capital Ltd bought a new position in shares of Upland Software during the fourth quarter valued at approximately $221,000. Two Sigma Advisers LP bought a new position in shares of Upland Software during the fourth quarter valued at approximately $382,000. Mackenzie Financial Corp raised its holdings in shares of Upland Software by 16.1% during the fourth quarter. Mackenzie Financial Corp now owns 31,815 shares of the software maker’s stock valued at $689,000 after acquiring an additional 4,420 shares in the last quarter. Finally, Martingale Asset Management L P raised its holdings in shares of Upland Software by 58.1% during the fourth quarter. Martingale Asset Management L P now owns 33,210 shares of the software maker’s stock valued at $720,000 after acquiring an additional 12,208 shares in the last quarter. Institutional investors own 49.98% of the company’s stock.

About Upland Software

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.

Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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