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

Shares of Upland Software, Inc. (NASDAQ:UPLD) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. One 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 objective among brokers that have issued a report on the stock in the last year is $3.75.

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research note on Friday, November 8th.

Institutional Trading of Upland Software

Institutional investors have recently modified their holdings of the stock. First Heartland Consultants Inc. bought a new stake in shares of Upland Software during the 3rd quarter valued at $30,000. Dynamic Technology Lab Private Ltd acquired a new position in Upland Software in the 3rd quarter worth about $31,000. XTX Topco Ltd bought a new position in shares of Upland Software during the third quarter worth about $43,000. Mackenzie Financial Corp raised its position in shares of Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after acquiring an additional 12,898 shares during the last quarter. Finally, Heron Bay Capital Management bought a new position in shares of Upland Software during the second quarter worth about $185,000. 77.78% of the stock is currently owned by institutional investors.

Upland Software Stock Performance

UPLD opened at $4.23 on Wednesday. The business has a fifty day simple moving average of $3.91 and a 200 day simple moving average of $2.88. The company has a market capitalization of $116.08 million, a PE ratio of -0.94 and a beta of 1.28. Upland Software has a 1 year low of $1.79 and a 1 year high of $5.64. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99.

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.