Upland Software (NASDAQ:UPLD) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Upland Software, Inc. (NASDAQ:UPLD)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.18 and traded as high as $4.38. Upland Software shares last traded at $4.30, with a volume of 265,560 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Stock Up 5.4 %

The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50-day simple moving average of $4.22 and a 200-day simple moving average of $2.98.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Thursday, November 7th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Upland Software had a positive return on equity of 50.06% and a negative net margin of 44.92%. The company had revenue of $66.69 million during the quarter, compared to analyst estimates of $67.13 million. During the same quarter in the previous year, the firm posted $0.22 EPS. Equities analysts expect that Upland Software, Inc. will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Upland Software by 30.0% in the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock valued at $196,000 after buying an additional 18,134 shares during the period. Rice Hall James & Associates LLC raised its position in shares of Upland Software by 115.4% during the third quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock worth $1,467,000 after purchasing an additional 315,651 shares during the period. Renaissance Technologies LLC raised its position in shares of Upland Software by 180.6% during the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock worth $718,000 after purchasing an additional 185,617 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Upland Software during the third quarter worth $31,000. Finally, Mackenzie Financial Corp raised its position in shares of Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after purchasing an additional 12,898 shares during the period. Institutional investors and hedge funds own 77.78% of the company’s stock.

Upland Software Company Profile

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.