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

Shares of Upland Software, Inc. (NASDAQ:UPLD) have been given an average rating of “Moderate Buy” by the five research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $3.75.

A number of brokerages recently weighed in on UPLD. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research note on Thursday, March 13th. StockNews.com lowered Upland Software from a “buy” rating to a “hold” rating in a research report on Saturday.

Upland Software Stock Performance

NASDAQ UPLD opened at $3.02 on Friday. Upland Software has a fifty-two week low of $1.79 and a fifty-two week high of $5.64. The firm has a market capitalization of $85.07 million, a P/E ratio of -0.67 and a beta of 1.40. The stock’s fifty day moving average is $3.72 and its two-hundred day moving average is $3.43. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

Insiders Place Their Bets

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $3.19, for a total value of $63,800.00. Following the transaction, the director now owns 394,008 shares of the company’s stock, valued at $1,256,885.52. This trade represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Upland Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in Upland Software in the 3rd quarter worth about $31,000. XTX Topco Ltd purchased a new stake in shares of Upland Software during the 3rd quarter worth about $43,000. Legato Capital Management LLC bought a new stake in Upland Software in the fourth quarter worth approximately $44,000. WESPAC Advisors LLC bought a new position in Upland Software during the fourth quarter valued at about $55,000. Finally, Essential Planning LLC. acquired a new stake in Upland Software in the 4th quarter worth approximately $56,000. 77.78% of the stock is owned by institutional investors.

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.