Upland Software (NASDAQ:UPLD) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Upland Software (NASDAQ:UPLD) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Upland Software presently has an average rating of “Moderate Buy” and an average price target of $3.75.

Upland Software Price Performance

Shares of NASDAQ:UPLD opened at $2.84 on Tuesday. Upland Software has a one year low of $1.79 and a one year high of $5.64. The company has a market cap of $77.93 million, a price-to-earnings ratio of -0.63 and a beta of 1.28. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $4.10 and a 200 day simple moving average of $3.32.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. First Heartland Consultants Inc. bought a new stake in Upland Software during the third quarter valued at $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in Upland Software in the 3rd quarter valued at $31,000. FMR LLC increased its position in shares of Upland Software by 30.0% during the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after acquiring an additional 18,134 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in 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 acquiring an additional 45,705 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Upland Software during the third quarter valued at approximately $43,000. Institutional investors own 77.78% of the company’s stock.

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.