Upland Software (NASDAQ:UPLD – Get Free Report) had its price target decreased by equities researchers at Needham & Company LLC from $10.00 to $6.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Needham & Company LLC‘s target price points to a potential upside of 61.46% from the stock’s previous close.
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Upland Software in a research report on Friday, September 25th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Upland Software currently has an average rating of “Hold” and an average target price of $10.50.
Read Our Latest Report on Upland Software
Upland Software Trading Down 20.9%
NASDAQ UPLD traded down $0.98 during trading hours on Thursday, hitting $3.72. 43,813 shares of the company’s stock traded hands, compared to its average volume of 37,617. The business’s fifty day moving average price is $3.70 and its two-hundred day moving average price is $6.38. The firm has a market capitalization of $10.99 million, a P/E ratio of -0.26 and a beta of 1.42. Upland Software has a 52 week low of $2.75 and a 52 week high of $21.50.
Upland Software (NASDAQ:UPLD – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The software maker reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.11. The business had revenue of $47.53 million for the quarter, compared to the consensus estimate of $47.20 million. Upland Software had a negative net margin of 18.50% and a negative return on equity of 46.06%.
Institutional Investors Weigh In On Upland Software
An institutional investor recently raised its position in Upland Software stock. Rice Hall James & Associates LLC lifted its stake in Upland Software, Inc. (NASDAQ:UPLD – Free Report) by 9.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 974,448 shares of the software maker’s stock after buying an additional 80,751 shares during the quarter. Rice Hall James & Associates LLC owned approximately 3.32% of Upland Software worth $649,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 77.78% of the company’s stock.
About Upland Software
Upland Software, Inc is an enterprise software company that develops cloud-based applications for managing work, customer relationships and business processes. Its software is designed to help organizations automate workflows, organize information, improve collaboration and measure operational performance across departments.
Upland’s product portfolio has included solutions for project and portfolio management, enterprise content management, knowledge management, customer experience, customer service, sales enablement, communications and information technology service management.
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