News coverage about Upland Software (NASDAQ:UPLD) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Upland Software earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 47.4337575677188 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Saturday, March 10th. Canaccord Genuity increased their target price on shares of Upland Software from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, March 9th. Needham & Company LLC increased their target price on shares of Upland Software from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, March 9th. SunTrust Banks reiterated a “buy” rating and set a $32.00 target price on shares of Upland Software in a report on Friday, March 9th. Finally, BidaskClub upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Upland Software presently has a consensus rating of “Buy” and a consensus price target of $29.00.
Shares of Upland Software (NASDAQ:UPLD) traded down $0.54 during trading on Friday, reaching $28.62. 139,569 shares of the company’s stock traded hands, compared to its average volume of 371,020. The company has a current ratio of 0.69, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19. Upland Software has a one year low of $13.57 and a one year high of $30.44. The company has a market cap of $594.38, a PE ratio of -27.79, a price-to-earnings-growth ratio of 1.93 and a beta of 0.52.
Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, March 8th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.10. Upland Software had a negative net margin of 19.12% and a negative return on equity of 3.16%. The company had revenue of $27.80 million for the quarter, compared to analysts’ expectations of $27.15 million. During the same period in the prior year, the business earned $0.12 EPS. The firm’s quarterly revenue was up 43.3% on a year-over-year basis. research analysts predict that Upland Software will post 0.74 earnings per share for the current year.
In other news, CEO John T. Mcdonald sold 67,500 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $22.23, for a total value of $1,500,525.00. Following the sale, the chief executive officer now directly owns 1,758,288 shares in the company, valued at approximately $39,086,742.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Systems Corp Wave sold 360,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $22.00, for a total transaction of $7,920,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 620,000 shares of company stock worth $14,494,930. 30.20% of the stock is owned by company insiders.
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Upland Software Company Profile
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
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