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

Shares of Upland Software, Inc. (NASDAQ:UPLD) have earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $3.75.

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

Upland Software Price Performance

Shares of NASDAQ:UPLD opened at $3.88 on Wednesday. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The business’s fifty day moving average price is $3.98 and its two-hundred day moving average price is $2.90. The stock has a market cap of $106.47 million, a PE ratio of -0.86 and a beta of 1.28. Upland Software has a one year low of $1.79 and a one year high of $5.64.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UPLD. Rice Hall James & Associates LLC boosted its position in shares of Upland Software by 115.4% in the third quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock worth $1,467,000 after acquiring an additional 315,651 shares during the last quarter. Renaissance Technologies LLC raised its stake in Upland Software by 180.6% during the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock worth $718,000 after purchasing an additional 185,617 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Upland Software by 21.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock valued at $636,000 after purchasing an additional 45,705 shares during the last quarter. FMR LLC grew its stake in shares of Upland Software by 30.0% during the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker’s stock valued at $196,000 after buying an additional 18,134 shares during the period. Finally, Heron Bay Capital Management acquired a new stake in shares of Upland Software during the 2nd quarter worth $185,000. Hedge funds and other institutional investors own 77.78% of the company’s stock.

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.