Upland Software, Inc. (NASDAQ:UPLD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Upland Software, Inc. (NASDAQ:UPLD) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $3.75.

A number of equities analysts recently weighed in on UPLD shares. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, September 12th.

Institutional Trading of Upland Software

A number of hedge funds have recently made changes to their positions in UPLD. Assenagon Asset Management S.A. increased its stake in Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock valued at $374,000 after buying an additional 6,018 shares during the period. Rice Hall James & Associates LLC raised its holdings in shares of Upland Software by 3.7% during the second quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock worth $681,000 after acquiring an additional 9,755 shares in the last quarter. Renaissance Technologies LLC boosted its position in Upland Software by 180.6% during the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock valued at $718,000 after purchasing an additional 185,617 shares during the last quarter. Heron Bay Capital Management acquired a new stake in Upland Software during the second quarter valued at $185,000. Finally, Mackenzie Financial Corp grew its stake in Upland Software by 74.6% in the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after purchasing an additional 12,898 shares in the last quarter. 77.78% of the stock is owned by hedge funds and other institutional investors.

Upland Software Stock Down 5.5 %

UPLD stock opened at $4.33 on Friday. The firm has a market cap of $118.82 million, a PE ratio of -0.96 and a beta of 1.32. Upland Software has a 12 month low of $1.79 and a 12 month high of $5.64. The firm has a 50 day simple moving average of $3.25 and a 200 day simple moving average of $2.68. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99.

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.