Analysts Set Upland Software, Inc. (NASDAQ:UPLD) Target Price at $3.75

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

UPLD has been the subject of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Friday, November 8th. Roth Capital upgraded Upland Software from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, StockNews.com upgraded Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, September 12th.

Upland Software Stock Performance

NASDAQ UPLD opened at $3.28 on Tuesday. The stock has a market capitalization of $90.00 million, a PE ratio of -0.73 and a beta of 1.14. The business has a 50 day simple moving average of $2.48 and a two-hundred day simple moving average of $2.47. 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 1-year low of $1.79 and a 1-year high of $5.28.

Institutional Investors Weigh In On Upland Software

A number of institutional investors and hedge funds have recently modified their holdings of UPLD. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Upland Software during the 1st quarter worth approximately $37,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Upland Software during the 1st quarter worth approximately $34,000. Assenagon Asset Management S.A. lifted its stake in shares of Upland Software by 4.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock worth $374,000 after acquiring an additional 6,018 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of Upland Software by 3.7% during the 2nd quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock worth $681,000 after acquiring an additional 9,755 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Upland Software by 180.6% during the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock worth $718,000 after acquiring an additional 185,617 shares during the last quarter. 77.78% of the stock is owned by 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.