Upland Software Inc (NASDAQ:UPLD) Adds 13.11% In One Week: What’s Boosting Its Stock?

In last trading session, Upland Software Inc (NASDAQ:UPLD) saw 0.41 million shares changing hands with its beta currently measuring 1.31. Company’s recent per share price level of $3.71 trading at $0.02 or 0.54% at ring of the bell on the day assigns it a market valuation of $101.81M. That closing price of UPLD’s stock is at a discount of -42.32% from its 52-week high price of $5.28 and is indicating a premium of 51.75% from its 52-week low price of $1.79. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.55 million shares which gives us an average trading volume of 188.51K if we extend that period to 3-months.

For Upland Software Inc (UPLD), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.2 in the current quarter.

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Upland Software Inc (NASDAQ:UPLD) trade information

Upright in the green during last session for gaining 0.54%, in the last five days UPLD remained trading in the green while hitting it’s week-highest on Tuesday, 11/26/24 when the stock touched $3.71 price level, adding 15.49% to its value on the day. Upland Software Inc’s shares saw a change of -12.29% in year-to-date performance and have moved 13.11% in past 5-day. Upland Software Inc (NASDAQ:UPLD) showed a performance of 58.55% in past 30-days. Number of shares sold short was 0.18 million shares which calculate 1.3 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 15.5 to the stock, which implies a rise of 76.06% to its current value. Analysts have been projecting 2.5 as a low price target for the stock while placing it at a high target of 25. It follows that stock’s current price would jump 32.61% in reaching the projected high whereas dropping to the targeted low would mean a gain of 32.61% for stock’s current value.

Upland Software Inc (UPLD) estimates and forecasts

Statistics highlight that Upland Software Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 34.91% of value to its shares in past 6 months, showing an annual growth rate of 7.22% while that of industry is 24.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -7.80% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 67.84M for the same. And 5 analysts are in estimates of company making revenue of 67.07M in the next quarter. Company posted 72.18M and 70.74M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -60.49% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -2.06% while estimates for its earnings growth in next 5 years are of 5.00%.

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

Insiders are in possession of 19.00% of company’s total shares while institution are holding 59.24 percent of that, with stock having share float percentage of 73.13%. Investors also watch the number of corporate investors in a company very closely, which is 59.24% institutions for Upland Software Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at UPLD for having 1.9 million shares of worth $4.72 million. And as of 2024-06-30, it was holding 6.5607 of the company’s outstanding shares.

The second largest institutional holder is NEW SOUTH CAPITAL MANAGEMENT INC, which was holding about 1.43 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.9617 of outstanding shares, having a total worth of $3.57 million.

On the other hand, Vanguard Total Stock Market Index Fund and Columbia Fds Ser Tr I-Columbia Small Cap Value Fd I are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 980.07 shares of worth $3.6 million or 3.57% of the total outstanding shares. The later fund manager was in possession of 809.75 shares on Jul 31, 2024 , making its stake of worth around $2.97 million in the company or a holder of 2.95% of company’s stock.