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

April 26, 2017 2 minute read

Upland Admin

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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