Canaccord Genuity Group Lowers Upland Software (NASDAQ:UPLD) Price Target to $3.00

Upland Software (NASDAQ:UPLD) had its price target decreased by equities research analysts at Canaccord Genuity Group from $5.00 to $3.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 305.41% from the company’s previous close.

UPLD has been the topic of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Upland Software in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $3.67.

Upland Software Price Performance

Upland Software stock opened at $0.74 on Wednesday. Upland Software has a one year low of $0.70 and a one year high of $3.91. The stock has a market capitalization of $21.55 million, a PE ratio of -0.47 and a beta of 1.27. The business’s fifty day moving average is $1.26 and its 200 day moving average is $1.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UPLD. NewEdge Advisors LLC grew its position in shares of Upland Software by 697.1% during the 1st quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock valued at $34,000 after acquiring an additional 10,442 shares during the period. Dimensional Fund Advisors LP purchased a new position in Upland Software during the third quarter valued at $32,000. Hillsdale Investment Management Inc. bought a new stake in Upland Software during the second quarter valued at about $28,000. Dynamic Technology Lab Private Ltd bought a new stake in Upland Software during the third quarter valued at about $34,000. Finally, Centiva Capital LP purchased a new stake in Upland Software in the third quarter worth about $52,000. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Upland Software Company Profile

Upland Software, Inc is a provider of enterprise work management software delivered through a cloud-based, software-as-a-service model. The company offers a suite of integrated applications designed to help organizations plan, execute and measure work across various business functions including project management, marketing workflows, document automation and contract management.

Its flagship product lines include Upland PSA for professional services automation, Upland Bluebeam for digital collaboration in architecture and engineering workflows, Upland Qvidian for proposal automation, and Upland Pinpoint for customer communication management.