Brokerages Set Upland Software, Inc. (NASDAQ:UPLD) Price Target at $3.75

Shares of Upland Software, Inc. (NASDAQ:UPLD) have received a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $3.75.

A number of brokerages recently issued reports on UPLD. StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research note on Friday, November 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UPLD. Rice Hall James & Associates LLC boosted its holdings in Upland Software by 115.4% during the third quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock valued at $1,467,000 after acquiring an additional 315,651 shares during the period. Renaissance Technologies LLC lifted 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 worth $718,000 after purchasing an additional 185,617 shares during the last quarter. Heron Bay Capital Management bought a new stake in Upland Software during the 2nd quarter valued at approximately $185,000. Jacobs Levy Equity Management Inc. grew its holdings in Upland Software by 21.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock valued at $636,000 after buying an additional 45,705 shares during the last quarter. Finally, FMR LLC increased its position in Upland Software by 30.0% in the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after buying an additional 18,134 shares during the period. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Upland Software Stock Performance

UPLD stock opened at $4.33 on Friday. The firm has a 50 day moving average of $3.25 and a two-hundred day moving average of $2.68. Upland Software has a 12 month low of $1.79 and a 12 month high of $5.64. The company has a market capitalization of $118.82 million, a price-to-earnings ratio of -0.96 and a beta of 1.32. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05.

About Upland Software

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.