Upland Software (UPLD) Downgraded to Sell at Zacks Investment Research

Upland Software (NASDAQ:UPLD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Upland Software Inc. is a provider of cloud-based Enterprise Work Management software that helps organizations to plan, manage and execute projects and work. It provides services to teams in Information Technology (IT), marketing, finance, professional services and process excellences. The Company’s services include Professional Services, Education and Training and Global Support. Upland Software, Inc. is headquartered in Austin, Texas. “

A number of other brokerages also recently weighed in on UPLD. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 target price on shares of Upland Software in a research note on Monday, May 6th. They noted that the move was a valuation call. BidaskClub upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Needham & Company LLC increased their price target on shares of Upland Software to $50.00 and gave the company a “positive” rating in a research report on Tuesday, April 23rd. SunTrust Banks increased their price target on shares of Upland Software to $48.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, TheStreet upgraded shares of Upland Software from a “c” rating to a “b-” rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Upland Software has a consensus rating of “Buy” and an average price target of $48.43.

Shares of Upland Software stock traded down $0.47 on Friday, reaching $48.99. The stock had a trading volume of 26,231 shares, compared to its average volume of 614,166. Upland Software has a 1 year low of $25.12 and a 1 year high of $50.44. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 1.88 and a beta of 0.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 3.20.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, May 2nd. The software maker reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.20. The business had revenue of $48.50 million for the quarter, compared to the consensus estimate of $48.39 million. Upland Software had a negative net margin of 8.77% and a positive return on equity of 27.01%. Upland Software’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. On average, sell-side analysts predict that Upland Software will post 1.26 earnings per share for the current year.

In other news, CFO Michael Douglass Hill sold 41,431 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $41.31, for a total value of $1,711,514.61. Following the transaction, the chief financial officer now owns 304,435 shares in the company, valued at $12,576,209.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Timothy Mattox sold 12,804 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $40.00, for a total transaction of $512,160.00. Following the completion of the transaction, the chief operating officer now owns 509,230 shares in the company, valued at approximately $20,369,200. The disclosure for this sale can be found here. Insiders sold 82,431 shares of company stock worth $3,359,128 in the last 90 days. Company insiders own 11.60% of the company’s stock.

Several institutional investors have recently modified their holdings of UPLD. US Bancorp DE grew its holdings in shares of Upland Software by 93.2% in the first quarter. US Bancorp DE now owns 715 shares of the software maker’s stock worth $30,000 after purchasing an additional 345 shares during the last quarter. Legal & General Group Plc boosted its holdings in Upland Software by 26.6% in the fourth quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock valued at $81,000 after acquiring an additional 622 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Upland Software by 109,133.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,277 shares of the software maker’s stock valued at $139,000 after acquiring an additional 3,274 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Upland Software by 356.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,299 shares of the software maker’s stock valued at $144,000 after acquiring an additional 4,139 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in Upland Software in the fourth quarter valued at $200,000. Hedge funds and other institutional investors own 68.38% of the company’s stock.

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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