Upland Software, Inc. (NASDAQ:UPLD) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $3.75.

UPLD has been the subject of several research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Upland Software in a research note on Friday, November 8th. StockNews.com upgraded Upland Software from a "hold" rating to a "buy" rating in a research report on Thursday, September 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPLD. Rice Hall James & Associates LLC grew its position in Upland Software by 115.4% during 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 last quarter. Renaissance Technologies LLC grew its holdings in shares of Upland Software by 180.6% during the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker's stock valued at $718,000 after purchasing an additional 185,617 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Upland Software by 21.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker's stock worth $636,000 after purchasing an additional 45,705 shares during the period. Assenagon Asset Management S.A. lifted its stake in Upland Software by 4.2% in the second quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker's stock worth $374,000 after purchasing an additional 6,018 shares during the last quarter. Finally, FMR LLC lifted 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 worth $196,000 after purchasing an additional 18,134 shares during the last quarter. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

Upland Software Price Performance

NASDAQ:UPLD traded down $0.62 during trading hours on Friday, hitting $4.12. The stock had a trading volume of 918,089 shares, compared to its average volume of 337,990. The company has a 50 day simple moving average of $3.03 and a two-hundred day simple moving average of $2.62. The firm has a market capitalization of $113.05 million, a price-to-earnings ratio of -0.91 and a beta of 1.32. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. Upland Software has a one year low of $1.79 and a one year high of $5.64.

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.