Upland Software, Inc. (NASDAQ:UPLD) Given Average Recommendation of “Moderate Buy” by Brokerages

Upland Software, Inc. (NASDAQ:UPLD) has earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $3.75.

A number of research firms have recently weighed in on UPLD. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. Roth Capital upgraded shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th.

Upland Software Trading Up 26.5 %

Shares of UPLD stock opened at $3.20 on Tuesday. The stock has a market cap of $87.81 million, a P/E ratio of -0.71 and a beta of 1.14. Upland Software has a 1 year low of $1.79 and a 1 year high of $5.28. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. The stock has a 50 day simple moving average of $2.42 and a 200 day simple moving average of $2.46.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System acquired a new stake in shares of Upland Software in the 1st quarter valued at approximately $34,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Upland Software during the first quarter worth $37,000. First Heartland Consultants Inc. acquired a new position in shares of Upland Software during the third quarter worth $30,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Upland Software in the 3rd quarter valued at $31,000. Finally, XTX Topco Ltd acquired a new stake in shares of Upland Software during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 77.78% of the company’s stock.

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.