Upland Software, Inc. (NASDAQ:UPLD) Receives $4.13 Consensus Price Target from Brokerages

Shares of Upland Software, Inc. (NASDAQ:UPLD) have received an average rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $4.17.

UPLD has been the subject of several recent research reports. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Friday. StockNews.com downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Canaccord Genuity Group dropped their target price on Upland Software from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday. Finally, William Blair restated an “outperform” rating on shares of Upland Software in a research note on Friday.

Hedge Funds Weigh In On Upland Software

Large investors have recently made changes to their positions in the business. Mackenzie Financial Corp acquired a new position in Upland Software during the 3rd quarter valued at about $54,000. NBC Securities Inc. purchased a new position in shares of Upland Software in the 3rd quarter valued at approximately $209,000. Victory Capital Management Inc. purchased a new position in shares of Upland Software in the 3rd quarter valued at approximately $1,098,000. Assenagon Asset Management S.A. boosted its stake in Upland Software by 13.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 580,043 shares of the software maker’s stock worth $2,680,000 after purchasing an additional 67,331 shares in the last quarter. Finally, Barclays PLC boosted its stake in Upland Software by 100.3% in the 3rd quarter. Barclays PLC now owns 70,663 shares of the software maker’s stock worth $326,000 after purchasing an additional 35,378 shares in the last quarter. 77.78% of the stock is owned by institutional investors and hedge funds.

Upland Software Stock Up 28.2 %

NASDAQ:UPLD opened at $2.59 on Friday. The company has a debt-to-equity ratio of 3.75, a current ratio of 2.30 and a quick ratio of 2.30. Upland Software has a 1-year low of $1.89 and a 1-year high of $5.28. The company has a 50-day moving average of $2.58 and a 200 day moving average of $3.69. The firm has a market cap of $72.16 million, a PE ratio of -0.55 and a beta of 1.01.

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.