A number of other analysts have also recently issued reports on UPLD. BidaskClub raised Upland Software from a hold rating to a buy rating in a research report on Tuesday. Zacks Investment Research cut Upland Software from a hold rating to a sell rating in a research report on Wednesday, December 11th. Needham & Company LLC reaffirmed a buy rating and issued a $53.00 price objective on shares of Upland Software in a research report on Wednesday, February 5th. Jefferies Financial Group lowered their target price on Upland Software from $61.00 to $49.00 and set a buy rating on the stock in a research note on Friday, November 8th. They noted that the move was a valuation call. Finally, Credit Suisse Group reiterated a buy rating and set a $48.00 target price on shares of Upland Software in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $50.67.
Shares of UPLD traded up $0.35 during mid-day trading on Thursday, reaching $44.60. The company’s stock had a trading volume of 145,430 shares, compared to its average volume of 205,536. Upland Software has a 1-year low of $32.15 and a 1-year high of $54.87. The stock has a market cap of $1.12 billion, a P/E ratio of -45.51, a PEG ratio of 1.16 and a beta of 0.42. The business has a 50-day simple moving average of $39.81 and a two-hundred day simple moving average of $38.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.57.
Hedge funds and other institutional investors have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D bought a new position in shares of Upland Software during the third quarter worth approximately $1,743,000. Rice Hall James & Associates LLC increased its stake in shares of Upland Software by 2.3% during the third quarter. Rice Hall James & Associates LLC now owns 24,050 shares of the software maker’s stock worth $838,000 after purchasing an additional 552 shares during the period. California Public Employees Retirement System increased its stake in shares of Upland Software by 525.1% during the third quarter. California Public Employees Retirement System now owns 46,659 shares of the software maker’s stock worth $1,627,000 after purchasing an additional 39,195 shares during the period. Squarepoint Ops LLC increased its stake in shares of Upland Software by 73.6% during the third quarter. Squarepoint Ops LLC now owns 91,987 shares of the software maker’s stock worth $3,207,000 after purchasing an additional 38,987 shares during the period. Finally, Wedge Capital Management L L P NC bought a new position in shares of Upland Software during the fourth quarter worth approximately $17,078,000. Institutional investors own 81.47% of the company’s stock.
About Upland Software
Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.
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