Upland Software (NASDAQ:UPLD - Get Free Report)'s stock had its "hold" rating restated by stock analysts at Needham & Company LLC in a report released on Friday,Benzinga reports.
A number of other brokerages have also weighed in on UPLD. Roth Capital raised Upland Software from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of Upland Software from a "hold" rating to a "buy" rating in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.75.
Shares of UPLD opened at $2.23 on Friday. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.28. The stock's 50 day moving average is $2.34 and its two-hundred day moving average is $2.43. The firm has a market capitalization of $60.81 million, a PE ratio of -0.47 and a beta of 1.14. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 72.71.
Institutional Investors Weigh In On Upland Software
Hedge funds and other institutional investors have recently modified their holdings of the stock. First Heartland Consultants Inc. acquired a new position in shares of Upland Software during the 3rd quarter worth approximately $30,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Upland Software during the 1st quarter worth approximately $34,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Upland Software during the 1st quarter worth approximately $37,000. 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 worth $75,000 after purchasing an additional 12,898 shares during the last quarter. Finally, Heron Bay Capital Management acquired a new position in shares of Upland Software during the 2nd quarter worth approximately $185,000. 77.78% of the stock is currently owned by institutional investors and hedge funds.
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.
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