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

Upland Software, Inc. (NASDAQ:UPLD) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $3.75.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Rice Hall James & Associates LLC increased its stake 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 valued at $681,000 after purchasing an additional 9,755 shares in the last quarter. Renaissance Technologies LLC increased its position in Upland Software by 180.6% during the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock valued at $718,000 after buying an additional 185,617 shares in the last quarter. Heron Bay Capital Management purchased a new position in Upland Software during the second quarter valued at $185,000. Mackenzie Financial Corp boosted its holdings in Upland Software by 74.6% in the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after acquiring an additional 12,898 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new stake in shares of Upland Software in the third quarter worth $30,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

Upland Software Stock Performance

NASDAQ:UPLD opened at $4.59 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. The firm’s fifty day simple moving average is $3.77 and its 200 day simple moving average is $2.85. The stock has a market cap of $125.95 million, a P/E ratio of -1.02 and a beta of 1.28. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.64.

About Upland Software

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.