TheStreet downgraded shares of Upland Software (NASDAQ:UPLD) from a b- rating to a c+ rating in a research report released on Wednesday morning, TheStreetRatingsTable reports.
Other analysts have also issued research reports about the company. Zacks Investment Research upgraded FirstService from a strong sell rating to a hold rating and set a $110.00 price objective for the company in a report on Tuesday, June 25th. Craig Hallum restated a buy rating and issued a $56.00 price objective (up previously from $52.00) on shares of Upland Software in a report on Friday, May 31st. Needham & Company LLC upped their price objective on from $50.00 to $53.00 in a report on Monday, June 24th. Jefferies Financial Group cut their price objective on Zuora from $35.00 to $29.00 and set a buy rating for the company in a report on Friday, May 31st. Finally, SunTrust Banks set a $75.00 price objective on Cimarex Energy and gave the company a hold rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. Upland Software currently has an average rating of Buy and an average target price of $51.88.
Shares of Upland Software stock opened at $45.93 on Wednesday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $987.04 million, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 1.86 and a beta of 0.57. The company has a fifty day moving average price of $47.38. Upland Software has a fifty-two week low of $25.12 and a fifty-two week high of $54.87.
Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.20. The business had revenue of $48.50 million during the quarter, compared to analyst estimates of $48.39 million. Upland Software had a positive return on equity of 27.01% and a negative net margin of 8.77%. The company’s revenue was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. As a group, equities research analysts expect that Upland Software will post 1.26 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its holdings in shares of Upland Software by 26.6% during the fourth quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock valued at $81,000 after purchasing an additional 622 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Upland Software by 3.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,658 shares of the software maker’s stock valued at $616,000 after purchasing an additional 700 shares during the last quarter. Hodges Capital Management Inc. lifted its holdings in shares of Upland Software by 1.5% during the first quarter. Hodges Capital Management Inc. now owns 73,097 shares of the software maker’s stock valued at $3,096,000 after purchasing an additional 1,100 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Upland Software by 109,133.3% during the first quarter. BNP Paribas Arbitrage SA now owns 3,277 shares of the software maker’s stock valued at $139,000 after purchasing an additional 3,274 shares during the last quarter. Finally, Avalon Advisors LLC lifted its holdings in shares of Upland Software by 3.0% during the first quarter. Avalon Advisors LLC now owns 114,519 shares of the software maker’s stock valued at $4,851,000 after purchasing an additional 3,331 shares during the last quarter. 66.55% of the stock is owned by institutional investors and hedge funds.
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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