Upland Software, Inc. (NASDAQ:UPLD – Get Free Report)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.74 and traded as high as $0.7634. Upland Software shares last traded at $0.6825, with a volume of 181,234 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group dropped their price target on shares of Upland Software from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Upland Software currently has a consensus rating of “Moderate Buy” and an average price target of $3.67.
Read Our Latest Stock Analysis on UPLD
Upland Software Stock Performance
Upland Software shares are scheduled to reverse split on Wednesday, June 17th. The 1-10 reverse split was announced on Thursday, June 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, June 16th.
Upland Software (NASDAQ:UPLD – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Upland Software had a negative net margin of 7.08% and a negative return on equity of 51.46%. The business had revenue of $48.69 million during the quarter, compared to the consensus estimate of $48.50 million.
Institutional Investors Weigh In On Upland Software
A number of hedge funds and other institutional investors have recently modified their holdings of UPLD. Dimensional Fund Advisors LP purchased a new stake in shares of Upland Software during the 3rd quarter worth approximately $32,000. Dynamic Technology Lab Private Ltd purchased a new position in Upland Software in the 3rd quarter valued at approximately $34,000. NewEdge Advisors LLC increased its stake in Upland Software by 697.1% in the 1st quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock valued at $34,000 after purchasing an additional 10,442 shares in the last quarter. Centiva Capital LP acquired a new position in Upland Software during the third quarter worth $52,000. Finally, XTX Topco Ltd acquired a new position in Upland Software during the fourth quarter worth $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.
Read More
- Five stocks we like better than Upland Software
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for Upland Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software and related companies with MarketBeat.com's FREE daily email newsletter.
