Upland Software (NASDAQ:UPLD) Stock Rating Upgraded by StockNews.com

Upland Software (NASDAQ:UPLD) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Upland Software Price Performance

Upland Software stock opened at $3.10 on Wednesday. The stock has a market capitalization of $85.07 million, a P/E ratio of -0.69 and a beta of 1.40. The company’s fifty day moving average price is $3.95 and its 200 day moving average price is $3.35. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. Upland Software has a 1 year low of $1.79 and a 1 year high of $5.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. lifted its position in Upland Software by 13.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,301,061 shares of the software maker’s stock worth $5,647,000 after buying an additional 154,667 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in shares of Upland Software by 63.7% in the 4th quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker’s stock worth $4,186,000 after acquiring an additional 375,398 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Upland Software by 106.8% during the 4th 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. Man Group plc raised its holdings in shares of Upland Software by 33.5% during the 4th quarter. Man Group plc now owns 398,800 shares of the software maker’s stock worth $1,731,000 after acquiring an additional 100,157 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Upland Software by 22.8% during the 4th quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker’s stock valued at $1,557,000 after acquiring an additional 66,684 shares during the last quarter. 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.