Upland Software (NASDAQ:UPLD) Rating Increased to Buy at StockNews.com

Upland Software (NASDAQ:UPLD) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

UPLD has been the topic of several other research reports. Canaccord Genuity Group cut their target price on Upland Software from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. William Blair restated an “outperform” rating on shares of Upland Software in a research note on Friday, May 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.83.

Upland Software Stock Performance

Shares of UPLD stock opened at $3.36 on Monday. The company’s 50 day moving average is $2.61 and its 200 day moving average is $3.68. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 23.49. The firm has a market cap of $92.70 million, a price-to-earnings ratio of -0.71 and a beta of 1.01. Upland Software has a 52-week low of $1.89 and a 52-week high of $5.28.

Institutional Trading of Upland Software

Several large investors have recently added to or reduced their stakes in UPLD. Hsbc Holdings PLC raised its stake in shares of Upland Software by 6.8% during the 3rd quarter. Hsbc Holdings PLC now owns 41,368 shares of the software maker’s stock valued at $192,000 after buying an additional 2,638 shares during the last quarter. Pingora Partners LLC acquired a new stake in Upland Software during the fourth quarter worth about $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Upland Software in the first quarter valued at approximately $37,000. Mackenzie Financial Corp purchased a new stake in Upland Software in the 3rd quarter worth approximately $54,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Upland Software during the 4th quarter worth approximately $52,000. Hedge funds and other 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.