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

Shares of Upland Software, Inc. (NASDAQ:UPLD) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $3.75.

Separately, StockNews.com downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

Upland Software Trading Down 4.6 %

NASDAQ:UPLD opened at $2.69 on Tuesday. The firm has a market cap of $73.82 million, a P/E ratio of -0.60 and a beta of 1.40. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.64. The firm’s fifty day moving average is $4.03 and its 200-day moving average is $3.35. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UPLD. Jefferies Financial Group Inc. purchased a new stake in shares of Upland Software during the 4th quarter valued at about $87,000. Mackenzie Financial Corp grew its holdings in Upland Software by 355.8% during the 4th quarter. Mackenzie Financial Corp now owns 60,350 shares of the software maker’s stock worth $262,000 after acquiring an additional 47,109 shares in the last quarter. Two Sigma Investments LP boosted its stake in Upland Software by 111.1% in the fourth quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker’s stock valued at $1,396,000 after acquiring an additional 169,240 shares in the last quarter. Two Sigma Advisers LP grew its stake in Upland Software by 106.8% during the 4th quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker’s stock valued at $1,764,000 after purchasing an additional 209,900 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Upland Software during the 4th quarter valued at about $58,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

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.