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

Upland Software, Inc. (NASDAQ:UPLD) has been given an average recommendation of “Moderate Buy” by the five analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.75.

Several brokerages have recently issued reports on UPLD. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research note on Thursday, March 13th. StockNews.com cut Upland Software from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th.

Upland Software Stock Down 0.7 %

Shares of UPLD opened at $2.95 on Friday. The firm has a 50 day simple moving average of $3.66 and a two-hundred day simple moving average of $3.45. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. Upland Software has a one year low of $1.79 and a one year high of $5.64. The company has a market cap of $83.10 million, a P/E ratio of -0.65 and a beta of 1.30.

Insider Activity

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $3.19, for a total value of $63,800.00. Following the completion of the transaction, the director now owns 394,008 shares of the company’s stock, valued at $1,256,885.52. This represents a 4.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.30% of the stock is owned by corporate insiders.

Institutional Trading of Upland Software

A number of hedge funds have recently made changes to their positions in UPLD. Legato Capital Management LLC bought a new position in Upland Software in the 4th quarter valued at approximately $44,000. Dynamic Technology Lab Private Ltd acquired a new position in Upland Software in the 3rd quarter valued at approximately $31,000. WESPAC Advisors LLC bought a new position in shares of Upland Software during the fourth quarter valued at $55,000. Essential Planning LLC. acquired a new position in shares of Upland Software during the fourth quarter worth $56,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Upland Software in the fourth quarter worth $58,000. 77.78% of the stock is owned by institutional investors and hedge funds.

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.