Needham & Company LLC Reiterates “Hold” Rating for Upland Software (NASDAQ:UPLD)

Upland Software (NASDAQ:UPLD)‘s stock had its “hold” rating reiterated by equities research analysts at Needham & Company LLC in a report issued on Friday,Benzinga reports.

A number of other research firms also recently weighed in on UPLD. Roth Capital raised shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Upland Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Trading Up 15.9 %

Shares of UPLD stock opened at $2.59 on Friday. Upland Software has a 52-week low of $1.79 and a 52-week high of $5.28. The company has a debt-to-equity ratio of 72.71, a quick ratio of 2.37 and a current ratio of 2.37. The company has a 50-day simple moving average of $2.35 and a two-hundred day simple moving average of $2.43. The company has a market capitalization of $70.48 million, a price-to-earnings ratio of -0.57 and a beta of 1.14.

Institutional Trading of Upland Software

A number of institutional investors have recently modified their holdings of UPLD. Rice Hall James & Associates LLC lifted its stake in shares of Upland Software by 115.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock valued at $1,467,000 after buying an additional 315,651 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Upland Software by 180.6% during the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock valued at $718,000 after buying an additional 185,617 shares in the last quarter. Heron Bay Capital Management purchased a new stake in shares of Upland Software during the 2nd quarter valued at $185,000. Mackenzie Financial Corp raised its position in shares of Upland Software by 74.6% during the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after buying an additional 12,898 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new stake in shares of Upland Software during the 3rd quarter valued at $30,000. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

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.