Upland Software Inc (UPLD) Looks Set To Grow At A Great Clip In 2024

Upland Software Inc (NASDAQ:UPLD) has a beta value of 1.13 and has seen 59692.0 shares traded in the last trading session. The company, currently valued at $60.27M, closed the last trade at $2.21 per share which meant it gained $0.09 on the day or 4.25% during that session. The UPLD stock price is -138.91% off its 52-week high price of $5.28 and 19.0% above the 52-week low of $1.79. If we look at the company’s 10-day average daily trading volume, we find that it stood at 96800.0 shares traded. The 3-month trading volume is 177.69K shares.

The consensus among analysts is that Upland Software Inc (UPLD) is Hold stock at the moment, with a recommendation rating of 2.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 4 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.

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Upland Software Inc (NASDAQ:UPLD) trade information

Sporting 4.25% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the UPLD stock price touched $2.21 or saw a rise of 3.91%. Year-to-date, Upland Software Inc shares have moved -47.75%, while the 5-day performance has seen it change -1.78%. Over the past 30 days, the shares of Upland Software Inc (NASDAQ:UPLD) have changed -4.12%. Short interest in the company has seen 0.48 million shares shorted with days to cover at 2.4.

Wall Street analysts have a consensus price target for the stock at $15.5, which means that the shares’ value could jump 85.74% from current levels. The projected low price target is $2.5 while the price target rests at a high of $25.0. In that case, then, we find that the current price level is -1031.22% off the targeted high while a plunge would see the stock gain -13.12% from current levels.

Upland Software Inc (UPLD) estimates and forecasts

Figures show that Upland Software Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -21.35% over the past 6 months, with this year growth rate of -32.99%, compared to 17.50% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -60.49% over the past 5 years. Earnings growth for 2024 is a modest -27.66% while over the next 5 years, the company’s earnings are expected to increase by 10.00%.

UPLD Dividends

Upland Software Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Upland Software Inc (NASDAQ:UPLD)’s Major holders

Insiders own 19.13% of the company shares, while shares held by institutions stand at 64.86% with a share float percentage of 80.20%. Investors are also buoyed by the number of investors in a company, with Upland Software Inc having a total of 94.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 1.9 million shares worth more than $4.72 million. As of 2024-06-30, VANGUARD GROUP INC held 6.5607% of shares outstanding.

The other major institutional holder is NEW SOUTH CAPITAL MANAGEMENT INC, with the holding of over 1.43 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.57 million and represent 4.9617% of shares outstanding.