BidaskClub upgraded shares of Upland Software (NASDAQ:UPLD) from a hold rating to a buy rating in a research report report published on Tuesday morning, BidAskClub reports.

A number of other research firms also recently weighed in on UPLD. Zacks Investment Research downgraded Upland Software from a hold rating to a sell rating in a research report on Wednesday, December 11th. ValuEngine upgraded Upland Software from a strong sell rating to a sell rating in a research report on Friday, January 3rd. Jefferies Financial Group cut their target price on Upland Software from $61.00 to $49.00 and set a buy rating for the company in a research report on Friday, November 8th. They noted that the move was a valuation call. Needham & Company LLC reiterated a buy rating and set a $53.00 target price on shares of Upland Software in a research report on Wednesday, February 5th. Finally, Credit Suisse Group began coverage on Upland Software in a research report on Wednesday, November 6th. They set an outperform rating and a $48.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $50.67.

NASDAQ:UPLD opened at $44.25 on Tuesday. The stock has a fifty day moving average price of $39.81 and a 200-day moving average price of $38.71. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -45.15, a PEG ratio of 1.16 and a beta of 0.42. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.56 and a current ratio of 1.56. Upland Software has a fifty-two week low of $32.15 and a fifty-two week high of $54.87.

Several institutional investors have recently bought and sold shares of the company. Hodges Capital Management Inc. raised its holdings in shares of Upland Software by 0.3% during the 4th quarter. Hodges Capital Management Inc. now owns 129,519 shares of the software maker’s stock worth $4,625,000 after buying an additional 342 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Upland Software by 10.4% during the 4th quarter. Victory Capital Management Inc. now owns 3,869 shares of the software maker’s stock worth $138,000 after buying an additional 364 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Upland Software by 57.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,420 shares of the software maker’s stock worth $50,000 after buying an additional 516 shares in the last quarter. Rice Hall James & Associates LLC raised its holdings in shares of Upland Software by 2.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 24,050 shares of the software maker’s stock worth $838,000 after buying an additional 552 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Upland Software by 1.9% during the 4th quarter. New York State Common Retirement Fund now owns 40,398 shares of the software maker’s stock worth $1,443,000 after buying an additional 751 shares in the last quarter. 81.47% of the stock is owned by 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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Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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