Upland Software (NASDAQ:UPLD) Stock Passes Below 50-Day Moving Average – Should You Sell?

Upland Software, Inc. (NASDAQ:UPLD)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.76 and traded as low as $0.6273. Upland Software shares last traded at $0.6356, with a volume of 148,807 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Upland Software in a research note on Wednesday, January 21st. Canaccord Genuity Group lowered their price target on Upland Software from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Upland Software currently has an average rating of “Moderate Buy” and a consensus target price of $3.67.

Upland Software Stock Performance

The firm has a market cap of $19.83 million, a P/E ratio of -0.43 and a beta of 1.34. The company has a 50 day moving average of $0.75 and a 200 day moving average of $1.42.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $49.31 million during the quarter, compared to analysts’ expectations of $50.30 million. Upland Software had a negative return on equity of 58.67% and a negative net margin of 17.94%. As a group, analysts expect that Upland Software, Inc. will post 0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Upland Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in UPLD. Dimensional Fund Advisors LP acquired a new stake in Upland Software in the 3rd quarter worth approximately $32,000. Dynamic Technology Lab Private Ltd acquired a new stake in Upland Software in the 3rd quarter worth approximately $34,000. NewEdge Advisors LLC lifted its holdings in Upland Software by 697.1% in the 1st quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock worth $34,000 after purchasing an additional 10,442 shares during the last quarter. Centiva Capital LP acquired a new stake in Upland Software in the 3rd quarter worth approximately $52,000. Finally, XTX Topco Ltd acquired a new stake in Upland Software in the 4th quarter worth approximately $56,000. 77.78% of the stock is currently owned by institutional investors and hedge funds.

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.