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

Upland Software, Inc. (NASDAQ:UPLD) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $3.75.

Several research analysts have weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a report on Thursday, March 13th. StockNews.com cut shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Saturday.

Upland Software Stock Performance

Upland Software stock opened at $2.86 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. The stock has a 50 day moving average of $3.70 and a 200-day moving average of $3.45. The stock has a market cap of $80.56 million, a P/E ratio of -0.63 and a beta of 1.40. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.64.

Insider Buying and Selling at Upland Software

In other news, Director Timothy Mattox sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $3.19, for a total value of $63,800.00. Following the transaction, the director now directly owns 394,008 shares in the company, valued at approximately $1,256,885.52. This trade represents a 4.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Upland Software

Several institutional investors and hedge funds have recently bought and sold shares of UPLD. Jefferies Financial Group Inc. acquired a new stake in shares of Upland Software during the 4th quarter worth approximately $87,000. Mackenzie Financial Corp lifted its stake in 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 buying an additional 47,109 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Upland Software by 111.1% during the fourth quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker’s stock valued at $1,396,000 after acquiring an additional 169,240 shares during the period. Two Sigma Advisers LP grew its position in shares of 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 acquiring an additional 209,900 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Upland Software in the 4th quarter worth about $58,000. Institutional investors and hedge funds 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.