Several other equities research analysts have also recently issued reports on UPLD. Raymond James lifted their price objective on shares of Upland Software from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Credit Suisse Group initiated coverage on Upland Software in a report on Wednesday, November 6th. They set an “outperform” rating and a $48.00 price target for the company. ValuEngine upgraded Upland Software from a “strong sell” rating to a “sell” rating in a report on Friday, January 3rd. Zacks Investment Research downgraded Upland Software from a “hold” rating to a “sell” rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group dropped their price objective on Upland Software from $61.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, November 8th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating and nine have assigned a buy rating to the stock. Upland Software presently has a consensus rating of “Buy” and a consensus target price of $50.67.
Shares of Upland Software stock traded down $0.43 on Tuesday, reaching $40.97. 8,198 shares of the company were exchanged, compared to its average volume of 182,930. Upland Software has a 1-year low of $27.97 and a 1-year high of $54.87. The company has a market cap of $1.04 billion, a P/E ratio of 34.44, a price-to-earnings-growth ratio of 1.01 and a beta of 0.53. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.56 and a quick ratio of 1.56. The stock’s 50 day moving average price is $37.53 and its 200-day moving average price is $39.55.
In related news, Director Stephen E. Courter sold 1,450 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $34.42, for a total transaction of $49,909.00. Following the completion of the sale, the director now owns 11,651 shares in the company, valued at $401,027.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new position in shares of Upland Software in the 2nd quarter valued at approximately $41,000. Royal Bank of Canada grew its position in Upland Software by 177.2% in the 2nd quarter. Royal Bank of Canada now owns 4,482 shares of the software maker’s stock valued at $204,000 after buying an additional 2,865 shares during the last quarter. JPMorgan Chase & Co. grew its position in Upland Software by 60.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,173 shares of the software maker’s stock valued at $271,000 after buying an additional 2,336 shares during the last quarter. Metropolitan Life Insurance Co NY increased its stake in Upland Software by 38.4% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 7,336 shares of the software maker’s stock valued at $256,000 after buying an additional 2,037 shares during the period. Finally, Juncture Wealth Strategies LLC acquired a new position in Upland Software in the 3rd quarter valued at $331,000. 79.48% of the stock is currently owned by institutional investors.
About Upland Software
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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