Upland Software, Inc. (NASDAQ:UPLD) Receives Average Rating of "Moderate Buy" from Analysts

Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five research firms that are currently covering the firm, MarketBeat reports. One equities 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 given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $3.75.

Several equities analysts have recently issued reports on UPLD shares. StockNews.com raised shares of Upland Software from a "hold" rating to a "buy" rating in a research note on Thursday, September 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a report on Friday, November 8th.

Upland Software Stock Performance

Shares of NASDAQ UPLD traded up $0.02 during midday trading on Wednesday, reaching $4.61. 354,767 shares of the company traded hands, compared to its average volume of 329,053. The stock has a 50-day moving average price of $3.77 and a 200 day moving average price of $2.85. The company has a market cap of $126.50 million, a price-to-earnings ratio of -1.02 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. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.64.

Institutional Trading of Upland Software

A number of hedge funds have recently bought and sold shares of UPLD. Rice Hall James & Associates LLC lifted its position in shares of Upland Software by 115.4% in the 3rd 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 in the last quarter. Renaissance Technologies LLC raised its stake in 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 period. Heron Bay Capital Management purchased a new stake in shares of Upland Software in the second quarter valued at $185,000. Jacobs Levy Equity Management Inc. boosted its position in shares of 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 worth $636,000 after buying an additional 45,705 shares during the period. Finally, FMR LLC grew its holdings in shares of Upland Software by 30.0% during the third quarter. FMR LLC now owns 78,626 shares of the software maker's stock valued at $196,000 after buying an additional 18,134 shares in the last quarter. 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.