Upland Software, Inc. (NASDAQ:UPLD) Given Consensus Rating of “Moderate Buy” by Brokerages

Upland Software, Inc. (NASDAQ:UPLD) has earned an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $3.75.

Several equities analysts have recently commented on UPLD shares. StockNews.com lowered Upland Software from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research note on Thursday, March 13th.

Insider Buying and Selling

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $3.19, for a total transaction of $63,800.00. Following the sale, the director now directly owns 394,008 shares in the company, valued at approximately $1,256,885.52. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Upland Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. increased its position in shares of Upland Software by 13.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,301,061 shares of the software maker’s stock valued at $5,647,000 after purchasing an additional 154,667 shares during the period. Rice Hall James & Associates LLC lifted its holdings in shares of Upland Software by 63.7% in the fourth quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker’s stock valued at $4,186,000 after buying an additional 375,398 shares during the period. Two Sigma Advisers LP boosted its stake 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 valued at $1,764,000 after buying an additional 209,900 shares in the last quarter. Man Group plc grew its holdings in Upland Software by 33.5% during the fourth quarter. Man Group plc now owns 398,800 shares of the software maker’s stock worth $1,731,000 after acquiring an additional 100,157 shares during the period. Finally, Renaissance Technologies LLC raised its position in Upland Software by 22.8% in the fourth quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker’s stock worth $1,557,000 after acquiring an additional 66,684 shares in the last quarter. Institutional investors own 77.78% of the company’s stock.

Upland Software Trading Down 4.2 %

NASDAQ UPLD opened at $2.48 on Friday. The firm has a market capitalization of $69.86 million, a PE ratio of -0.55 and a beta of 1.30. Upland Software has a one year low of $1.79 and a one year high of $5.64. The company has a 50-day simple moving average of $3.59 and a 200-day simple moving average of $3.45. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

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.