Upland Software, Inc. (NASDAQ:UPLD) Given Average Rating of “Moderate Buy” by Analysts

Upland Software, Inc. (NASDAQ:UPLD) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned 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 ratings on the stock in the last year is $3.75.

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

Institutional Investors Weigh In On Upland Software

A number of hedge funds have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC grew its stake in Upland Software by 115.4% in the third quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock valued at $1,467,000 after acquiring an additional 315,651 shares during the period. Renaissance Technologies LLC grew its stake in Upland Software by 180.6% in the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock valued at $718,000 after acquiring an additional 185,617 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Upland Software by 21.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock valued at $636,000 after acquiring an additional 45,705 shares during the period. FMR LLC grew its stake in Upland Software by 30.0% in the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock valued at $196,000 after acquiring an additional 18,134 shares during the period. Finally, Heron Bay Capital Management acquired a new stake in Upland Software in the second quarter valued at approximately $185,000. Institutional investors and hedge funds own 77.78% of the company’s stock.

Upland Software Trading Down 8.2 %

NASDAQ UPLD opened at $4.23 on Wednesday. The business has a 50 day simple moving average of $3.91 and a 200 day simple moving average of $2.88. Upland Software has a one year low of $1.79 and a one year high of $5.64. The stock has a market capitalization of $116.08 million, a P/E ratio of -0.94 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.

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.