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

StockNews.com upgraded shares of Upland Software (NASDAQ:UPLD) from a hold rating to a buy rating in a research note published on Monday morning.

A number of other research analysts have also weighed in on UPLD. Canaccord Genuity Group cut their price objective on Upland Software from $7.00 to $5.00 and set a buy rating on the stock in a report on Friday, May 3rd. William Blair reissued an outperform rating on shares of Upland Software in a research report on Friday, May 3rd. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Upland Software in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $3.75.

Upland Software Price Performance

NASDAQ UPLD opened at $2.95 on Monday. The company has a market cap of $81.26 million, a price-to-earnings ratio of -0.62 and a beta of 1.01. The company has a debt-to-equity ratio of 23.49, a current ratio of 2.34 and a quick ratio of 2.34. The stock’s fifty day moving average price is $2.61 and its 200 day moving average price is $3.68. Upland Software has a 1 year low of $1.89 and a 1 year high of $5.28.

Institutional Trading of Upland Software

Several hedge funds and other institutional investors have recently bought and sold shares of UPLD. Pingora Partners LLC purchased a new stake in Upland Software in the 4th quarter worth approximately $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Upland Software in the 1st quarter valued at $37,000. Mackenzie Financial Corp purchased a new stake in Upland Software during the third quarter worth $54,000. Oxford Asset Management LLP acquired a new stake in Upland Software during the fourth quarter valued at $52,000. Finally, Pathstone Family Office LLC acquired a new stake in Upland Software during the third quarter valued at $108,000. 77.78% of the stock is owned by institutional investors and hedge funds.

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.