StockNews.com Upgrades Upland Software (NASDAQ:UPLD) to “Buy”

Upland Software (NASDAQ:UPLD) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Friday, May 3rd. Canaccord Genuity Group dropped their target price on Upland Software from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Finally, William Blair reiterated an “outperform” 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 given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Upland Software presently has a consensus rating of “Hold” and an average price target of $3.83.

Upland Software Stock Up 5.3 %

Shares of Upland Software stock opened at $3.36 on Monday. The company has a market cap of $92.70 million, a P/E 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. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 23.49. The stock has a 50-day moving average price of $2.61 and a 200 day moving average price of $3.68.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UPLD. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Upland Software in the first quarter worth about $37,000. Pingora Partners LLC bought a new stake in shares of Upland Software in the fourth quarter valued at approximately $50,000. Oxford Asset Management LLP acquired a new stake in shares of Upland Software in the fourth quarter worth $52,000. Mackenzie Financial Corp bought a new position in Upland Software during the third quarter worth $54,000. Finally, Pathstone Family Office LLC acquired a new position in Upland Software during the 3rd quarter valued at $108,000. Institutional investors 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.