Upland Software (NASDAQ:UPLD) Given New $5.00 Price Target at Canaccord Genuity Group

Upland Software (NASDAQ:UPLD) had its target price trimmed by Canaccord Genuity Group from $7.00 to $5.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Other equities analysts also recently issued reports about the stock. William Blair reaffirmed an outperform rating on shares of Upland Software in a report on Friday. StockNews.com lowered shares of Upland Software from a buy rating to a hold rating in a research report on Friday, February 23rd. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Upland Software in a report on Friday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Upland Software presently has a consensus rating of Hold and an average target price of $4.17.

Upland Software Stock Up 23.2 %

UPLD stock opened at $3.19 on Friday. The company has a market cap of $88.01 million, a P/E ratio of -0.67 and a beta of 1.01. Upland Software has a fifty-two week low of $1.89 and a fifty-two week high of $5.28. The stock’s 50 day simple moving average is $2.59 and its 200 day simple moving average is $3.68. The company has a debt-to-equity ratio of 23.49, a quick ratio of 2.34 and a current ratio of 2.34.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Upland Software during the 1st quarter valued at $37,000. Pingora Partners LLC bought a new stake in Upland Software during the 4th quarter valued at $50,000. Oxford Asset Management LLP bought a new stake in Upland Software in the 4th quarter worth $52,000. Mackenzie Financial Corp bought a new position in shares of Upland Software during the third quarter valued at about $54,000. Finally, Pathstone Family Office LLC purchased a new stake in shares of Upland Software during the third quarter worth about $108,000. 77.78% of the stock is currently 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.