Upland Software (NASDAQ:UPLD) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Upland Software (NASDAQ:UPLD) in a research report sent to investors on Friday, Benzinga reports.

Separately, StockNews.com cut shares of Upland Software from a buy rating to a hold rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Upland Software currently has an average rating of Hold and a consensus price target of $4.13.

Upland Software Stock Up 28.2 %

NASDAQ:UPLD traded up $0.57 during mid-day trading on Friday, hitting $2.59. 20,311,473 shares of the stock were exchanged, compared to its average volume of 142,849. The firm’s 50-day simple moving average is $2.59 and its 200 day simple moving average is $3.70. Upland Software has a fifty-two week low of $1.89 and a fifty-two week high of $5.28. The company has a debt-to-equity ratio of 3.75, a quick ratio of 2.30 and a current ratio of 2.30.

Hedge Funds Weigh In On Upland Software

A number of hedge funds have recently modified their holdings of UPLD. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Upland Software in the first quarter valued at about $37,000. Pingora Partners LLC acquired a new stake in Upland Software during the 4th quarter valued at approximately $50,000. Oxford Asset Management LLP bought a new position in Upland Software during the 4th quarter worth approximately $52,000. Mackenzie Financial Corp acquired a new position in shares of Upland Software in the 3rd quarter worth approximately $54,000. Finally, Pathstone Family Office LLC bought a new stake in shares of Upland Software in the 3rd quarter valued at $108,000. 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.