Upland Software (NASDAQ:UPLD) Stock Rating Reaffirmed by Roth Mkm

Upland Software (NASDAQ:UPLD)‘s stock had its “sell” rating reiterated by equities research analysts at Roth Mkm in a research report issued on Tuesday, Benzinga reports. They currently have a $2.50 price target on the software maker’s stock, down from their prior price target of $3.00. Roth Mkm’s price objective would suggest a potential downside of 15.11% from the stock’s previous close.

Several other brokerages have also weighed in on UPLD. StockNews.com raised Upland Software from a “hold” rating to a “buy” rating in a report on Monday. Canaccord Genuity Group decreased their price target on shares of Upland Software from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. William Blair restated an “outperform” rating on shares of Upland Software in a research note on Friday, May 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Upland Software currently has a consensus rating of “Hold” and an average price target of $3.75.

Upland Software Stock Down 12.4 %

NASDAQ UPLD opened at $2.95 on Tuesday. Upland Software has a twelve month low of $1.89 and a twelve month high of $5.28. The stock has a market cap of $81.26 million, a PE ratio of -0.62 and a beta of 1.01. The firm has a 50-day simple moving average of $2.61 and a 200 day simple moving average 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.

Institutional Investors Weigh In On Upland Software

Several institutional investors and hedge funds have recently made changes to their positions in the company. B. Riley Asset Management LLC lifted its holdings in Upland Software by 1.6% during the 3rd quarter. B. Riley Asset Management LLC now owns 1,567,243 shares of the software maker’s stock valued at $7,241,000 after purchasing an additional 25,000 shares during the last quarter. First Dallas Securities Inc. grew its position in Upland Software by 1,896.2% during the 3rd quarter. First Dallas Securities Inc. now owns 1,427,314 shares of the software maker’s stock worth $6,594,000 after acquiring an additional 1,355,814 shares during the last quarter. Acadian Asset Management LLC grew its position in Upland Software by 3.4% during the 3rd quarter. Acadian Asset Management LLC now owns 1,331,381 shares of the software maker’s stock worth $6,150,000 after acquiring an additional 43,479 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Upland Software by 21.0% during the 4th quarter. First Eagle Investment Management LLC now owns 839,183 shares of the software maker’s stock valued at $3,550,000 after purchasing an additional 145,405 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Upland Software by 13.1% in the 3rd 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. Institutional investors and hedge funds own 77.78% of the company’s stock.

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.