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

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

Several equities research analysts recently issued reports on UPLD shares. StockNews.com lowered shares of Upland Software from a "buy" rating to a "hold" rating in a research note on Saturday. Needham & Company LLC restated a "hold" rating on shares of Upland Software in a report on Thursday, March 13th.

Insider Buying and Selling

In other news, Director Timothy Mattox sold 20,000 shares of the firm's 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 sale, the director now owns 394,008 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 11.30% of the company's stock.

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Institutional Trading of Upland Software

A number of hedge funds have recently bought and sold shares of the stock. Jefferies Financial Group Inc. acquired a new position in shares of Upland Software during the fourth quarter valued at about $87,000. Mackenzie Financial Corp increased its stake in Upland Software by 355.8% during the fourth quarter. Mackenzie Financial Corp now owns 60,350 shares of the software maker's stock valued at $262,000 after acquiring an additional 47,109 shares during the period. Two Sigma Investments LP raised its holdings in Upland Software by 111.1% in the 4th quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker's stock valued at $1,396,000 after acquiring an additional 169,240 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Upland Software by 106.8% in the 4th quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker's stock worth $1,764,000 after acquiring an additional 209,900 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Upland Software during the 4th quarter worth approximately $58,000. 77.78% of the stock is owned by institutional investors.

Upland Software Stock Up 2.0 %

Shares of Upland Software stock traded up $0.06 during trading on Friday, hitting $3.03. 52,412 shares of the stock traded hands, compared to its average volume of 337,908. The stock has a market cap of $85.35 million, a P/E ratio of -0.67 and a beta of 1.30. The company has a fifty day moving average price of $3.68 and a two-hundred day moving average price of $3.46. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.64. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

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.