Upland Software, Inc. (NASDAQ:UPLD) Receives Consensus Rating of “Hold” from Brokerages

Shares of Upland Software, Inc. (NASDAQ:UPLD) have earned an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $4.13.

A number of equities research analysts have recently weighed in on UPLD shares. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Friday. StockNews.com downgraded Upland Software from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. William Blair restated an “outperform” rating on shares of Upland Software in a research report on Friday. Finally, Canaccord Genuity Group cut their price objective on shares of Upland Software from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday.

Upland Software Stock Performance

Upland Software stock traded up $0.57 during midday trading on Friday, hitting $2.59. The company’s stock had a trading volume of 20,268,560 shares, compared to its average volume of 442,541. The company has a 50-day moving average price of $2.59 and a two-hundred day moving average price of $3.70. Upland Software has a 1-year low of $1.89 and a 1-year high of $5.28. The company has a market cap of $72.16 million, a price-to-earnings ratio of -0.45 and a beta of 1.01. The company has a debt-to-equity ratio of 3.75, a current ratio of 2.30 and a quick ratio of 2.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Dallas Securities Inc. grew its holdings in shares of Upland Software by 1,896.2% during the 3rd quarter. First Dallas Securities Inc. now owns 1,427,314 shares of the software maker’s stock valued at $6,594,000 after purchasing an additional 1,355,814 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Upland Software by 71.3% during the third quarter. First Eagle Investment Management LLC now owns 693,778 shares of the software maker’s stock worth $3,205,000 after buying an additional 288,843 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Upland Software in the 3rd quarter valued at $1,098,000. Verdad Advisers LP acquired a new stake in shares of Upland Software during the 4th quarter valued at $337,000. Finally, Assenagon Asset Management S.A. increased its holdings in Upland Software by 13.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 580,043 shares of the software maker’s stock worth $2,680,000 after purchasing an additional 67,331 shares in the last quarter. Institutional investors 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.