Analysts Set Upland Software, Inc. (NASDAQ:UPLD) PT at $4.13

Upland Software, Inc. (NASDAQ:UPLD) has been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $3.75.

Several research firms have recently issued reports on UPLD. William Blair reaffirmed an “outperform” rating on shares of Upland Software in a research note on Friday, May 3rd. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Friday, May 3rd. Roth Mkm reiterated a “sell” rating and issued a $2.50 price target (down from $3.00) on shares of Upland Software in a research report on Tuesday. StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Canaccord Genuity Group reduced their target price on Upland Software from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd.

Institutional Investors Weigh In On Upland Software

Several hedge funds have recently modified their holdings of UPLD. First Dallas Securities Inc. lifted its stake in shares of Upland Software by 1,896.2% during the third quarter. First Dallas Securities Inc. now owns 1,427,314 shares of the software maker’s stock valued at $6,594,000 after buying an additional 1,355,814 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Upland Software by 71.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 693,778 shares of the software maker’s stock worth $3,205,000 after purchasing an additional 288,843 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Upland Software during the third quarter worth $1,098,000. Verdad Advisers LP purchased a new stake in shares of Upland Software in the fourth quarter valued at $337,000. Finally, Assenagon Asset Management S.A. increased its stake in Upland Software by 13.1% in the third quarter. Assenagon Asset Management S.A. now owns 580,043 shares of the software maker’s stock valued at $2,680,000 after purchasing an additional 67,331 shares during the last quarter. 77.78% of the stock is owned by institutional investors and hedge funds.

Upland Software Stock Performance

Shares of UPLD stock opened at $3.36 on Friday. The stock has a fifty day moving average price of $2.61 and a 200 day moving average price of $3.68. The company has a debt-to-equity ratio of 23.49, a quick ratio of 2.34 and a current ratio of 2.34. The stock has a market cap of $92.70 million, a PE ratio of -0.71 and a beta of 1.01. Upland Software has a 1 year low of $1.89 and a 1 year high of $5.28.

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.