Upland Software, Inc. (NASDAQ:UPLD) Receives $6.40 Average PT from Brokerages

Upland Software, Inc. (NASDAQ:UPLD) has received an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $6.40.

Separately, StockNews.com started coverage on shares of Upland Software in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Upland Software

A number of institutional investors have recently bought and sold shares of UPLD. Bridgeworth LLC purchased a new position in Upland Software during the 2nd quarter worth approximately $49,000. SG Americas Securities LLC purchased a new position in Upland Software during the 1st quarter worth approximately $50,000. Tower Research Capital LLC TRC raised its position in Upland Software by 498.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 13,210 shares of the software maker’s stock worth $56,000 after buying an additional 11,002 shares during the last quarter. Two Sigma Securities LLC purchased a new position in Upland Software during the 1st quarter worth approximately $60,000. Finally, Vontobel Holding Ltd. purchased a new position in Upland Software during the 1st quarter worth approximately $73,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

Upland Software Stock Up 2.1 %

NASDAQ:UPLD opened at $3.94 on Tuesday. Upland Software has a fifty-two week low of $2.42 and a fifty-two week high of $9.71. The company has a debt-to-equity ratio of 3.04, a quick ratio of 2.37 and a current ratio of 2.37. The company’s 50-day simple moving average is $3.52 and its 200-day simple moving average is $3.68.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $74.50 million for the quarter, compared to analysts’ expectations of $73.00 million. Upland Software had a negative net margin of 59.49% and a positive return on equity of 11.82%. On average, equities analysts forecast that Upland Software will post 0.42 EPS for the current year.

Upland Software Company Profile

Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal.