Upland Software, Inc. (NASDAQ:UPLD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

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

A number of equities analysts recently weighed in on UPLD shares. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a report on Thursday, March 13th. StockNews.com cut Upland Software from a “buy” rating to a “hold” rating in a report on Saturday.

Insider Transactions at Upland Software

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $3.19, for a total value of $63,800.00. Following the transaction, the director now directly owns 394,008 shares of the company’s stock, valued at approximately $1,256,885.52. This trade represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Upland Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new position in Upland Software during the third quarter valued at $31,000. XTX Topco Ltd bought a new stake in Upland Software during the third quarter valued at about $43,000. Legato Capital Management LLC bought a new position in shares of Upland Software during the 4th quarter worth approximately $44,000. WESPAC Advisors LLC purchased a new stake in shares of Upland Software during the 4th quarter valued at $55,000. Finally, Essential Planning LLC. purchased a new stake in shares of Upland Software during the fourth quarter worth about $56,000. Institutional investors own 77.78% of the company’s stock.

Upland Software Stock Down 3.2 %

Shares of NASDAQ:UPLD opened at $3.02 on Friday. The firm has a market cap of $85.07 million, a P/E ratio of -0.67 and a beta of 1.40. 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 has a 52-week low of $1.79 and a 52-week high of $5.64. The business’s 50 day simple moving average is $3.72 and its two-hundred day simple moving average is $3.43.

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.