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

Shares of Upland Software, Inc. (NASDAQ:UPLD) have received an average recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $3.75.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research report on Friday, November 8th.

Institutional Investors Weigh In On Upland Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC boosted its holdings in Upland Software by 3.7% in the second quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock worth $681,000 after purchasing an additional 9,755 shares in the last quarter. First Heartland Consultants Inc. acquired a new stake in shares of Upland Software in the third quarter worth about $30,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Upland Software during the 3rd quarter worth about $31,000. Mackenzie Financial Corp increased its holdings in shares of Upland Software by 74.6% during the 2nd 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 during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Upland Software in the 3rd quarter valued at approximately $43,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

Upland Software Trading Down 8.2 %

NASDAQ:UPLD opened at $4.23 on Wednesday. The stock has a market cap of $116.08 million, a PE ratio of -0.94 and a beta of 1.28. Upland Software has a fifty-two week low of $1.79 and a fifty-two week high of $5.64. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50-day moving average is $3.91 and its two-hundred day moving average is $2.88.

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.