Upland Software (NASDAQ:UPLD) Rating Lowered to “Hold” at StockNews.com

Upland Software (NASDAQ:UPLD) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Separately, Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Upland Software has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Stock Performance

Upland Software stock traded up $0.03 during mid-day trading on Tuesday, reaching $3.10. 646,901 shares of the company’s stock were exchanged, compared to its average volume of 210,293. The business’s fifty day simple moving average is $4.16 and its 200 day simple moving average is $3.33. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software has a one year low of $1.79 and a one year high of $5.64. The firm has a market capitalization of $85.07 million, a PE ratio of -0.69 and a beta of 1.28.

Hedge Funds Weigh In On Upland Software

Several institutional investors and hedge funds have recently bought and sold shares of UPLD. Jefferies Financial Group Inc. purchased a new position in shares of Upland Software during the 4th quarter valued at $87,000. Mackenzie Financial Corp raised its stake in Upland Software by 355.8% in the 4th quarter. Mackenzie Financial Corp now owns 60,350 shares of the software maker’s stock valued at $262,000 after acquiring an additional 47,109 shares during the period. Two Sigma Investments LP lifted its holdings in Upland Software by 111.1% during the fourth quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker’s stock valued at $1,396,000 after purchasing an additional 169,240 shares during the last quarter. Two Sigma Advisers LP boosted its position in Upland Software by 106.8% during the fourth quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker’s stock worth $1,764,000 after purchasing an additional 209,900 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Upland Software in the fourth quarter worth about $58,000. 77.78% of the stock is owned by institutional investors.

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.