Upland Software (NASDAQ:UPLD) Earns Hold Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Upland Software (NASDAQ:UPLD - Free Report) in a report published on Friday morning,Benzinga reports.

Other analysts also recently issued reports about the company. Roth Capital upgraded Upland Software from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, August 7th. StockNews.com upgraded Upland Software from a "hold" rating to a "buy" rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $3.75.

Upland Software Trading Up 16.1 %

Shares of NASDAQ:UPLD traded up $0.36 during mid-day trading on Friday, reaching $2.59. The stock had a trading volume of 424,048 shares, compared to its average volume of 308,039. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.28. The firm has a market cap of $70.63 million, a PE ratio of -0.55 and a beta of 1.14. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 72.71. The firm has a 50 day simple moving average of $2.34 and a two-hundred day simple moving average of $2.43.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Upland Software in the 1st quarter valued at approximately $37,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Upland Software in the 1st quarter worth about $34,000. Assenagon Asset Management S.A. lifted its position in Upland Software by 4.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker's stock valued at $374,000 after acquiring an additional 6,018 shares during the period. Rice Hall James & Associates LLC boosted its stake in Upland Software by 3.7% during the second quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker's stock worth $681,000 after acquiring an additional 9,755 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Upland Software by 180.6% in the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker's stock worth $718,000 after purchasing an additional 185,617 shares during the period. 77.78% of the stock is owned by hedge funds and other institutional investors.

Upland Software Company Profile

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.