Upland Software (NASDAQ:UPLD) Given New $30.00 Price Target at Truist Securities

Upland Software (NASDAQ:UPLD) had its price objective reduced by Truist Securities from $44.00 to $30.00 in a research report released on Tuesday, Stock Target Advisor reports. Truist Securities also issued estimates for Upland Software’s Q1 2022 earnings at $0.09 EPS, Q3 2022 earnings at $0.21 EPS and Q4 2022 earnings at $0.19 EPS.

A number of other brokerages have also weighed in on UPLD. Needham & Company LLC cut their price target on shares of Upland Software from $60.00 to $40.00 and set a buy rating on the stock in a research note on Thursday, November 4th. Truist cut their price target on shares of Upland Software from $44.00 to $30.00 in a research note on Tuesday. Raymond James cut their price target on shares of Upland Software from $35.00 to $30.00 and set an outperform rating on the stock in a research note on Tuesday. Jefferies Financial Group cut their price target on shares of Upland Software from $30.00 to $20.00 and set a hold rating on the stock in a research note on Thursday, January 6th. Finally, cut their price target on shares of Upland Software from $48.00 to $35.00 and set a buy rating on the stock in a research note on Thursday, November 4th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Upland Software presently has a consensus rating of Buy and a consensus target price of $32.11.

Upland Software stock opened at $20.21 on Tuesday. The company’s 50 day simple moving average is $20.40 and its 200 day simple moving average is $31.11. Upland Software has a fifty-two week low of $17.35 and a fifty-two week high of $53.00. The firm has a market capitalization of $616.95 million, a price-to-earnings ratio of -10.81, a PEG ratio of 4.57 and a beta of 1.00. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.65 and a quick ratio of 1.65.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Wednesday, November 3rd. The software maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.45. Upland Software had a negative net margin of 18.52% and a positive return on equity of 5.83%. The business had revenue of $76.05 million for the quarter, compared to analyst estimates of $77.71 million. During the same quarter last year, the firm earned $0.17 EPS. As a group, analysts predict that Upland Software will post 0.4 EPS for the current fiscal year.

In other news, EVP Kinloch Gill III sold 3,481 shares of Upland Software stock in a transaction that occurred on Thursday, November 18th. The shares were sold at an average price of $21.97, for a total value of $76,477.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.90% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE increased its holdings in Upland Software by 85.7% during the second quarter. US Bancorp DE now owns 795 shares of the software maker’s stock worth $33,000 after buying an additional 367 shares during the last quarter. UBS Group AG increased its holdings in Upland Software by 71.1% during the third quarter. UBS Group AG now owns 1,913 shares of the software maker’s stock worth $64,000 after buying an additional 795 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Upland Software during the second quarter worth $216,000. Axiom Investment Management LLC acquired a new position in Upland Software during the second quarter worth $218,000. Finally, Amalgamated Bank acquired a new position in Upland Software during the second quarter worth $222,000. Institutional investors and hedge funds own 78.12% of the company’s stock.

About Upland Software

Upland Software, Inc engages in the provision of cloud-based enterprise work management software, which enables organizations to plan, manage and execute projects and work. It offers customer experience management, cloud, enterprise Sales and marketing cloud, project and IT management cloud, and document workflow cloud.

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Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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