Several other equities research analysts also recently commented on the company. Jefferies Financial Group dropped their target price on Upland Software from $61.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, November 8th. They noted that the move was a valuation call. Craig Hallum raised their price target on shares of Upland Software from $56.00 to $59.00 and gave the company a “buy” rating in a report on Monday, October 7th. Zacks Investment Research downgraded shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Wednesday, December 11th. Raymond James boosted their price objective on shares of Upland Software from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Credit Suisse Group began coverage on Upland Software in a research note on Wednesday, November 6th. They issued an “outperform” rating and a $48.00 price target on the stock. Two analysts have rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.67.
NASDAQ:UPLD traded down $0.43 during mid-day trading on Tuesday, hitting $40.97. The company had a trading volume of 8,198 shares, compared to its average volume of 182,930. The business has a fifty day simple moving average of $37.53 and a 200-day simple moving average of $39.55. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 1.01 and a beta of 0.53. Upland Software has a 1 year low of $27.97 and a 1 year high of $54.87. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.57.
In related news, Director Stephen E. Courter sold 1,450 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $34.42, for a total transaction of $49,909.00. Following the sale, the director now owns 11,651 shares in the company, valued at $401,027.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 11.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new stake in Upland Software during the second quarter worth about $41,000. Royal Bank of Canada raised its stake in Upland Software by 177.2% during the second quarter. Royal Bank of Canada now owns 4,482 shares of the software maker’s stock worth $204,000 after acquiring an additional 2,865 shares during the period. JPMorgan Chase & Co. raised its stake in Upland Software by 60.9% during the second quarter. JPMorgan Chase & Co. now owns 6,173 shares of the software maker’s stock worth $271,000 after acquiring an additional 2,336 shares during the period. Metropolitan Life Insurance Co NY raised its stake in Upland Software by 38.4% during the third quarter. Metropolitan Life Insurance Co NY now owns 7,336 shares of the software maker’s stock worth $256,000 after acquiring an additional 2,037 shares during the period. Finally, Juncture Wealth Strategies LLC acquired a new stake in Upland Software during the third quarter worth about $331,000. Hedge funds and other institutional investors own 79.48% of the company’s stock.
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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