Upland Software, Inc. (NASDAQ:UPLD) was the target of strong short-term interest growth in January. As of January 15, there was short interest totaling 1,790,000 shares, a growth of 25.2% from the total of 1,430,000 shares as of December 31. Based on an average daily volume of 499,300 shares, the day-to-cover ratio is currently 3.6 days. Currently, 6.9% of the company’s shares are sold short.
Shares of UPLD opened at $19.13 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt ratio of 1.68. The company has a market cap of $583.98 million, a price-to-earnings ratio of -10.23, a growth price-to-earnings ratio of 3.95, and a beta of 1.00. The company has a fifty-day moving average of $19.39. Upland Software has a one-year minimum of $17.35 and a one-year maximum of $53.00.
Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Wednesday, November 3. The software maker reported EPS of $0.57 for the quarter, beating analyst consensus estimates of $0.12 by $0.45. The company posted revenue of $76.05 million for the quarter, versus analyst estimates of $77.71 million. Upland Software posted a positive return on equity of 5.83% and a negative net margin of 18.52%. In the same quarter a year earlier, the company earned earnings per share of $0.17. As a group, research analysts expect Upland Software to post 0.4 EPS for the current year.
Separately, Executive Vice Chairman Kinloch Gill III sold 3,481 shares in a trade on Thursday, November 18. The stock was 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 Securities & Exchange Commission, which is available on the SEC’s website. Insiders of the company own 6.90% of the shares of the company.
Kevin O’Leary chooses one stock from each sector. This is his choice for DeFi.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Marathon Asset Mgmt Ltd acquired a new position in Upland Software in the fourth quarter worth approximately $50,430,000. Motley Fool Wealth Management LLC increased its position in Upland Software shares by 136.6% during the third quarter. Motley Fool Wealth Management LLC now owns 412,480 shares of the software maker worth $13,793,000 after purchasing an additional 238,167 shares during the period. Wasatch Advisors Inc. increased its position in Upland Software by 15.8% during the second quarter. Wasatch Advisors Inc. now owns 1,645,149 shares of the software maker valued at $67,731,000 after buying an additional 224,559 shares in the last quarter. P2 Capital Partners LLC increased its position in Upland Software by 19.9% during the second quarter. P2 Capital Partners LLC now owns 1,275,000 shares of the software maker valued at $52,492,000 after buying an additional 211,919 shares in the last quarter. Finally, Bernzott Capital Advisors increased its position in Upland Software by 30.7% during the third quarter. Bernzott Capital Advisors now owns 830,342 shares of the software maker valued at $27,767,000 after buying an additional 195,050 shares in the last quarter. Institutional investors and hedge funds hold 78.12% of the company’s shares.
A number of brokerages have commented on UPLD. Jefferies Financial Group reduced its price target on Upland Software from $30.00 to $20.00 and set a “holding” rating for the company in a Thursday, Jan. 6 research report. Raymond James cut his price target on Upland Software from $35.00 to $30.00 and set an “outperform” rating for the company in a Tuesday, January 11 research report. Needham & Company LLC reduced its price target on Upland Software from $60.00 to $40.00 and set a “buy” rating for the company in a Thursday, November 4 research report. Truist Financial reduced its price target on Upland Software from $44.00 to $30.00 in a Tuesday, January 11 research report. Finally, Craig Hallum reduced his price target on Upland Software from $32.00 to $22.00 in a Tuesday, January 11 research note. Two analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat.com, Upland Software currently has a consensus rating of “Buy” and a consensus target price of $32.38.
About Upland Software
Upland Software, Inc is engaged in providing cloud-based enterprise work management software that enables organizations to plan, manage and execute projects and jobs. It offers customer experience management, cloud, enterprise sales and marketing cloud, project management and IT cloud, and document workflow cloud.
Read more: Understanding each part of a balance sheet
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Upland Software right now?
Before you consider Upland Software, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Upland Software wasn’t on the list.
Although Upland Software currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here
Comments are closed.