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Needham Just Issued “Buy” Rating on Upland Software Inc (UPLD)

Upland Software Inc (UPLD) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 25 from a previous price target of $18 . Needham advised their Clients and Investors in a research report released on Apr 25, 2017.

Based on several research reports , Needham Resumed Upland Software Inc on Apr 3, 2017 to “Buy”, Price Target of the shares are set at $18.

On the company’s financial health, Upland Software Inc reported $0.12 EPS for the quarter, based on the information available during the earnings call on Mar 23, 2017. Analyst had a consensus estimate of $0.12. The company had revenue of $19.40 million for the quarter, compared to analysts expectations of $19.06 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Several company insiders have filed Insider transactions , on Nov 18, 2016, David May (director) purchased 10,000 shares at $8.59 per share price.

Upland Software Inc opened for trading at $17 and hit $17.5 on the upside on Friday, eventually ending the session at $17.07, with a gain of 0.95% or 0.16 points. The heightened volatility saw the trading volume jump to 1,05,977 shares. Company has a market cap of $304 M.

Upland Software Inc. is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology process excellence finance professional services and marketing functions within organizations. Its software applications serve a range of enterprise work management needs from strategic planning to task execution. It services customers ranging from corporations and government agencies to small- and medium-sized businesses. The Company also offers a suite of cloud-based supply chain work management applications. Its Ultriva Lean Suite is a single source for supply chain communication which provides a basis for multi-enterprise multi-tier end-to-end supply chain collaboration. Ultriva Lean Suite includes approximately four modules such as collaborative supply portal lean factory management collaborative demand portal and inventory optimization tool.

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