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

Shares of Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $3.75.

A number of analysts have recently commented on UPLD shares. StockNews.com upgraded Upland Software from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Needham & Company LLC restated a "hold" rating on shares of Upland Software in a research note on Thursday, March 13th.

Upland Software Trading Up 2.8 %

UPLD opened at $2.20 on Wednesday. The stock has a market capitalization of $61.97 million, a P/E ratio of -0.49 and a beta of 1.30. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software has a 12 month low of $1.79 and a 12 month high of $5.64. The firm's fifty day simple moving average is $3.07 and its 200 day simple moving average is $3.43.

Insider Activity at Upland Software

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $3.19, for a total value of $63,800.00. Following the completion of the sale, the director now owns 394,008 shares in the company, valued at $1,256,885.52. This trade represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Upland Software

A number of institutional investors have recently bought and sold shares of UPLD. Legato Capital Management LLC bought a new stake in shares of Upland Software in the fourth quarter valued at about $44,000. WESPAC Advisors LLC bought a new stake in shares of Upland Software in the 4th quarter valued at about $55,000. Essential Planning LLC. acquired a new stake in shares of Upland Software during the fourth quarter worth $56,000. Sherbrooke Park Advisers LLC acquired a new stake in Upland Software during the fourth quarter worth approximately $58,000. Finally, JPMorgan Chase & Co. bought a new stake in Upland Software in the fourth quarter valued at $61,000. Institutional investors and hedge funds own 77.78% of the company's stock.

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.

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