Upland Software (NASDAQ:UPLD) Raised to “Strong-Buy” at Wall Street Zen

Upland Software (NASDAQ:UPLD) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

Separately, Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a report on Tuesday, May 13th.

Upland Software Stock Performance

NASDAQ:UPLD opened at $1.95 on Friday. The stock has a market cap of $55.54 million, a price-to-earnings ratio of -1.12 and a beta of 1.16. Upland Software has a one year low of $1.69 and a one year high of $5.64. The business’s 50-day simple moving average is $2.04 and its 200 day simple moving average is $2.89.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Kathmere Capital Management LLC bought a new stake in Upland Software during the first quarter worth approximately $31,000. NewEdge Advisors LLC boosted its holdings in shares of Upland Software by 697.1% in the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock worth $34,000 after buying an additional 10,442 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in shares of Upland Software during the fourth quarter valued at approximately $58,000. R Squared Ltd raised its stake in Upland Software by 646.4% during the 1st quarter. R Squared Ltd now owns 13,510 shares of the software maker’s stock valued at $39,000 after purchasing an additional 11,700 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in Upland Software during the fourth quarter valued at $61,000. Institutional investors and hedge funds own 77.78% of the company’s stock.

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.