Upland Software, Inc. (NASDAQ:UPLD) Receives $3.75 Average Price Target from Analysts

Upland Software, Inc. (NASDAQ:UPLD) has earned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $3.75.

UPLD has been the topic of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Friday, November 8th. StockNews.com raised Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th.

Hedge Funds Weigh In On Upland Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Heartland Consultants Inc. bought a new stake in shares of Upland Software during the third quarter worth approximately $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Upland Software during the third quarter worth $31,000. XTX Topco Ltd bought a new stake in shares of Upland Software in the third quarter valued at about $43,000. Mackenzie Financial Corp grew its stake in shares of Upland Software by 74.6% in the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after acquiring an additional 12,898 shares in the last quarter. Finally, Heron Bay Capital Management bought a new position in Upland Software during the second quarter worth about $185,000. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Upland Software Stock Performance

UPLD stock opened at $4.52 on Friday. Upland Software has a 1-year low of $1.79 and a 1-year high of $5.64. The business’s 50-day moving average price is $3.17 and its two-hundred day moving average price is $2.65. The firm has a market cap of $124.03 million, a PE ratio of -1.00 and a beta of 1.32. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05.

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.