Upland Software (NASDAQ:UPLD) Upgraded at StockNews.com

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

Several other research analysts also recently commented on UPLD. William Blair reaffirmed an “outperform” rating on shares of Upland Software in a report on Friday. Canaccord Genuity Group cut their price target on Upland Software from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research note on Friday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.17.

Upland Software Price Performance

Shares of NASDAQ:UPLD opened at $3.19 on Monday. The firm has a market capitalization of $88.01 million, a PE ratio of -0.67 and a beta of 1.01. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 23.49. The company has a 50-day moving average price of $2.59 and a two-hundred day moving average price of $3.68. Upland Software has a twelve month low of $1.89 and a twelve month high of $5.28.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UPLD. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Upland Software in the first quarter worth approximately $37,000. Pingora Partners LLC bought a new position in shares of Upland Software in the 4th quarter worth $50,000. Oxford Asset Management LLP purchased a new stake in shares of Upland Software during the 4th quarter valued at $52,000. Verdad Advisers LP purchased a new stake in shares of Upland Software during the 4th quarter valued at $337,000. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Upland Software by 21.0% during the 4th quarter. First Eagle Investment Management LLC now owns 839,183 shares of the software maker’s stock worth $3,550,000 after acquiring an additional 145,405 shares during the last quarter. 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.