Upland Software (NASDAQ:UPLD) Earns Hold Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Upland Software (NASDAQ:UPLD) in a report published on Thursday,Benzinga reports.

Separately, StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Stock Performance

NASDAQ UPLD opened at $3.10 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.64. The stock has a market capitalization of $85.07 million, a PE ratio of -0.69 and a beta of 1.40. The firm has a 50 day moving average of $3.92 and a two-hundred day moving average of $3.36.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. FMR LLC grew its position in shares of Upland Software by 30.0% in the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker’s stock valued at $196,000 after buying an additional 18,134 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Upland Software in the 3rd quarter valued at $31,000. Rice Hall James & Associates LLC grew its position in Upland Software by 63.7% during the 4th quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker’s stock worth $4,186,000 after purchasing an additional 375,398 shares during the last quarter. Essential Planning LLC. purchased a new position in Upland Software during the 4th quarter worth $56,000. Finally, Legato Capital Management LLC purchased a new position in Upland Software during the 4th quarter worth $44,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

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.