Analysts Set Upland Software, Inc. (NASDAQ:UPLD) Price Target at $4.13

Upland Software, Inc. (NASDAQ:UPLD) has received a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $3.75.

Several research analysts have recently weighed in on UPLD shares. StockNews.com upgraded Upland Software from a “hold” rating to a “buy” rating in a report on Monday. Roth Mkm reissued a “sell” rating and set a $2.50 price objective (down previously from $3.00) on shares of Upland Software in a research note on Tuesday. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Friday, May 3rd. William Blair reaffirmed an “outperform” rating on shares of Upland Software in a research note on Friday, May 3rd. Finally, Canaccord Genuity Group lowered their price target on shares of Upland Software from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC raised its position in Upland Software by 6.8% in the third quarter. Hsbc Holdings PLC now owns 41,368 shares of the software maker’s stock valued at $192,000 after purchasing an additional 2,638 shares during the period. Pingora Partners LLC purchased a new stake in Upland Software in the 4th quarter valued at about $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Upland Software in the first quarter valued at about $37,000. Mackenzie Financial Corp purchased a new position in Upland Software during the third quarter worth about $54,000. Finally, Oxford Asset Management LLP purchased a new position in Upland Software during the fourth quarter worth about $52,000. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

Upland Software Stock Performance

NASDAQ:UPLD opened at $3.36 on Friday. Upland Software has a twelve month low of $1.89 and a twelve month high of $5.28. The company has a market cap of $92.70 million, a P/E ratio of -0.71 and a beta of 1.01. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 23.49. The company’s 50-day moving average price is $2.61 and its 200-day moving average price is $3.68.

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.