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

Shares of Upland Software, Inc. (NASDAQ:UPLD) have been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $3.75.

Several equities analysts have issued reports on UPLD shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a report on Friday, November 8th. StockNews.com lowered Upland Software from a “buy” rating to a “hold” rating in a research note on Tuesday.

Upland Software Trading Down 10.4 %

Shares of UPLD stock opened at $2.84 on Tuesday. The stock has a 50 day simple moving average of $4.10 and a 200-day simple moving average of $3.32. Upland Software has a 1-year low of $1.79 and a 1-year high of $5.64. The company has a market cap of $77.93 million, a price-to-earnings ratio of -0.63 and a beta of 1.28. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99.

Hedge Funds Weigh In On Upland Software

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jefferies Financial Group Inc. acquired a new stake in Upland Software in the 4th quarter valued at about $87,000. Mackenzie Financial Corp increased its holdings 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 valued at $262,000 after purchasing an additional 47,109 shares during the last quarter. Two Sigma Investments LP lifted its position in Upland Software by 111.1% during the fourth quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker’s stock worth $1,396,000 after buying an additional 169,240 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Upland Software by 106.8% during the fourth quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker’s stock worth $1,764,000 after buying an additional 209,900 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Upland Software in the 4th quarter valued at $58,000. 77.78% of the stock is currently 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.