Upland Software (NASDAQ:UPLD) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Upland Software (NASDAQ:UPLD) in a research report report published on Monday morning, AnalystRatings.com reports. The firm currently has a $53.00 target price on the software maker’s stock, up from their prior target price of $50.00.

Other equities analysts have also issued reports about the company. BidaskClub lowered Upland Software from a buy rating to a hold rating in a research note on Friday, April 19th. Zacks Investment Research lowered Upland Software from a strong-buy rating to a sell rating in a research note on Saturday, May 11th. Roth Capital upped their target price on Upland Software from $54.00 to $58.00 in a research note on Tuesday, May 28th. Jefferies Financial Group initiated coverage on Upland Software in a research note on Friday, May 31st. They issued a buy rating and a $61.00 target price for the company. Finally, Craig Hallum reissued a buy rating and set a $56.00 price target (up previously from $52.00) on shares of Upland Software in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $51.88.

Upland Software stock opened at $44.37 on Monday. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 37.60, a P/E/G ratio of 1.85 and a beta of 0.66. The firm has a fifty day simple moving average of $47.70. Upland Software has a 52 week low of $25.12 and a 52 week high of $54.87. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.57 and a quick ratio of 0.57.

Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, May 2nd. The software maker reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.20. The firm had revenue of $48.50 million during the quarter, compared to analyst estimates of $48.39 million. Upland Software had a positive return on equity of 27.01% and a negative net margin of 8.77%. The business’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. As a group, equities research analysts forecast that Upland Software will post 1.26 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. RK Capital Management LLC bought a new position in Upland Software during the 1st quarter valued at $9,163,000. Knott David M boosted its stake in shares of Upland Software by 4.3% during the 1st quarter. Knott David M now owns 438,000 shares of the software maker’s stock worth $18,554,000 after acquiring an additional 18,000 shares in the last quarter. EAM Global Investors LLC boosted its stake in shares of Upland Software by 35.7% during the 1st quarter. EAM Global Investors LLC now owns 38,382 shares of the software maker’s stock worth $1,626,000 after acquiring an additional 10,099 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Upland Software by 183.6% during the 1st quarter. Royce & Associates LP now owns 252,918 shares of the software maker’s stock worth $10,714,000 after acquiring an additional 163,739 shares in the last quarter. Finally, Martingale Asset Management L P bought a new stake in shares of Upland Software during the 1st quarter worth $429,000. 66.55% 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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Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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