ValuEngine Upgrades Upland Software (NASDAQ:UPLD) to Hold

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Upland Software (NASDAQ:UPLD) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

A number of other equities research analysts have also recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $53.00 price objective on shares of Upland Software in a report on Wednesday, February 5th. Jefferies Financial Group lowered their target price on Upland Software from $61.00 to $49.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. They noted that the move was a valuation call. Zacks Investment Research cut Upland Software from a “hold” rating to a “sell” rating in a report on Wednesday, December 11th. BidaskClub upgraded Upland Software from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Upland Software in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.67.

Upland Software stock opened at $44.60 on Thursday. The stock has a market cap of $1.12 billion, a P/E ratio of -45.51, a P/E/G ratio of 1.16 and a beta of 0.42. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.57. Upland Software has a twelve month low of $32.15 and a twelve month high of $54.87. The company’s 50-day moving average price is $39.81 and its two-hundred day moving average price is $38.71.

A number of hedge funds and other institutional investors have recently bought and sold shares of UPLD. Bank of New York Mellon Corp boosted its stake in Upland Software by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 105,023 shares of the software maker’s stock worth $3,751,000 after acquiring an additional 2,806 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Upland Software by 20.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 303,790 shares of the software maker’s stock worth $10,848,000 after purchasing an additional 50,954 shares during the period. UBS Group AG increased its stake in Upland Software by 51.1% in the fourth quarter. UBS Group AG now owns 31,981 shares of the software maker’s stock valued at $1,142,000 after purchasing an additional 10,815 shares in the last quarter. Blair William & Co. IL bought a new stake in Upland Software in the fourth quarter valued at $539,000. Finally, Credit Suisse AG raised its holdings in shares of Upland Software by 25.0% during the fourth quarter. Credit Suisse AG now owns 25,944 shares of the software maker’s stock valued at $927,000 after purchasing an additional 5,195 shares during the period. 81.47% of the stock is owned by hedge funds and other institutional investors.

About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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