Upland Software (NASDAQ:UPLD) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Upland Software (NASDAQ:UPLD) from a buy rating to a hold rating in a report released on Tuesday.

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Upland Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Stock Performance

Shares of UPLD opened at $3.10 on Tuesday. 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 firm has a market capitalization of $85.07 million, a P/E ratio of -0.69 and a beta of 1.28. The business has a fifty day moving average of $4.16 and a 200 day moving average of $3.33.

Institutional Trading of Upland Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jefferies Financial Group Inc. purchased a new stake in Upland Software in the fourth quarter worth about $87,000. Mackenzie Financial Corp boosted its stake in shares of Upland Software by 355.8% in the fourth quarter. Mackenzie Financial Corp now owns 60,350 shares of the software maker’s stock worth $262,000 after acquiring an additional 47,109 shares during the period. Two Sigma Investments LP boosted its stake in shares of Upland Software by 111.1% in the fourth quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker’s stock worth $1,396,000 after acquiring an additional 169,240 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Upland Software by 106.8% in the fourth quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker’s stock worth $1,764,000 after acquiring an additional 209,900 shares during the period. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Upland Software in the fourth quarter worth about $58,000. Hedge funds and other institutional investors own 77.78% of the company’s stock.

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.