Upland Software, Inc. (NASDAQ:UPLD) Receives $3.75 Average PT from Brokerages

Shares of Upland Software, Inc. (NASDAQ:UPLD) have received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $3.75.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th.

Hedge Funds Weigh In On Upland Software

Institutional investors have recently made changes to their positions in the stock. First Heartland Consultants Inc. acquired a new position in shares of Upland Software during the 3rd quarter valued at $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in Upland Software during the third quarter valued at approximately $31,000. XTX Topco Ltd bought a new stake in Upland Software during the third quarter worth approximately $43,000. Mackenzie Financial Corp grew its position in Upland Software by 74.6% in the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after buying an additional 12,898 shares during the last quarter. Finally, Heron Bay Capital Management bought a new position in shares of Upland Software in the second quarter valued at $185,000. 77.78% of the stock is owned by institutional investors.

Upland Software Stock Performance

NASDAQ:UPLD opened at $4.23 on Wednesday. The company has a 50 day moving average price of $3.91 and a 200 day moving average price of $2.88. Upland Software has a fifty-two week low of $1.79 and a fifty-two week high of $5.64. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $116.08 million, a P/E ratio of -0.94 and a beta of 1.28.

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.