Needham & Company LLC reissued their buy rating on shares of Upland Software (NASDAQ:UPLD) in a research report report published on Monday morning, AnalystRatings.com reports. The firm currently has a $53.00 target price on the software maker’s stock, up from their prior target price of $50.00.
Other equities analysts have also issued reports about the company. BidaskClub lowered Upland Software from a buy rating to a hold rating in a research note on Friday, April 19th. Zacks Investment Research lowered Upland Software from a strong-buy rating to a sell rating in a research note on Saturday, May 11th. Roth Capital upped their target price on Upland Software from $54.00 to $58.00 in a research note on Tuesday, May 28th. Jefferies Financial Group initiated coverage on Upland Software in a research note on Friday, May 31st. They issued a buy rating and a $61.00 target price for the company. Finally, Craig Hallum reissued a buy rating and set a $56.00 price target (up previously from $52.00) on shares of Upland Software in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $51.88.
Upland Software stock opened at $44.37 on Monday. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 37.60, a P/E/G ratio of 1.85 and a beta of 0.66. The firm has a fifty day simple moving average of $47.70. Upland Software has a 52 week low of $25.12 and a 52 week high of $54.87. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.57 and a quick ratio of 0.57.
Hedge funds have recently bought and sold shares of the business. RK Capital Management LLC bought a new position in Upland Software during the 1st quarter valued at $9,163,000. Knott David M boosted its stake in shares of Upland Software by 4.3% during the 1st quarter. Knott David M now owns 438,000 shares of the software maker’s stock worth $18,554,000 after acquiring an additional 18,000 shares in the last quarter. EAM Global Investors LLC boosted its stake in shares of Upland Software by 35.7% during the 1st quarter. EAM Global Investors LLC now owns 38,382 shares of the software maker’s stock worth $1,626,000 after acquiring an additional 10,099 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Upland Software by 183.6% during the 1st quarter. Royce & Associates LP now owns 252,918 shares of the software maker’s stock worth $10,714,000 after acquiring an additional 163,739 shares in the last quarter. Finally, Martingale Asset Management L P bought a new stake in shares of Upland Software during the 1st quarter worth $429,000. 66.55% of the stock is owned by hedge funds and other institutional investors.
Upland Software Company Profile
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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