Brokerages Set Upland Software, Inc. (NASDAQ:UPLD) Target Price at $4.13

Shares of Upland Software, Inc. (NASDAQ:UPLD) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $4.17.

A number of equities research analysts have commented on UPLD shares. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Friday. William Blair restated an “outperform” rating on shares of Upland Software in a report on Friday. Canaccord Genuity Group reduced their price objective 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. Finally, StockNews.com downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Upland Software in the first quarter valued at approximately $37,000. Pingora Partners LLC acquired a new stake in Upland Software in the 4th quarter valued at $50,000. Oxford Asset Management LLP bought a new stake in Upland Software during the 4th quarter valued at $52,000. Mackenzie Financial Corp acquired a new position in Upland Software during the third quarter worth $54,000. Finally, Pathstone Family Office LLC bought a new position in shares of Upland Software in the third quarter valued at $108,000. 77.78% of the stock is owned by institutional investors.

Upland Software Price Performance

Shares of NASDAQ:UPLD opened at $2.59 on Friday. The company has a debt-to-equity ratio of 3.75, a quick ratio of 2.30 and a current ratio of 2.30. Upland Software has a 52 week low of $1.89 and a 52 week high of $5.28. The firm has a market cap of $72.16 million, a PE ratio of -0.55 and a beta of 1.01. The firm’s fifty day moving average is $2.58 and its 200-day moving average is $3.69.

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.