William Blair Reaffirms Outperform Rating for Upland Software (NASDAQ:UPLD)

Upland Software (NASDAQ:UPLD)‘s stock had its “outperform” rating reissued by equities researchers at William Blair in a research note issued on Friday, RTT News reports.

Other equities research analysts have also issued reports about the stock. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Friday. StockNews.com downgraded Upland Software from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Upland Software has an average rating of “Hold” and a consensus target price of $4.13.

Upland Software Stock Up 28.2 %

UPLD stock traded up $0.57 during mid-day trading on Friday, hitting $2.59. 20,268,560 shares of the company were exchanged, compared to its average volume of 442,541. The company has a debt-to-equity ratio of 3.75, a quick ratio of 2.30 and a current ratio of 2.30. Upland Software has a 1-year low of $1.89 and a 1-year high of $5.28. The firm’s 50 day simple moving average is $2.59 and its 200 day simple moving average is $3.70. The firm has a market cap of $72.16 million, a P/E ratio of -0.45 and a beta of 1.01.

Institutional Trading of Upland Software

A number of hedge funds and other institutional investors have recently modified their holdings of UPLD. Mirae Asset Global Investments Co. Ltd. bought a new position in Upland Software in the first quarter valued at approximately $37,000. Pingora Partners LLC acquired a new stake in shares of Upland Software in the 4th quarter valued at approximately $50,000. Oxford Asset Management LLP bought a new position in shares of Upland Software in the fourth quarter valued at $52,000. Verdad Advisers LP acquired a new position in Upland Software during the fourth quarter worth $337,000. Finally, First Eagle Investment Management LLC raised its position in Upland Software by 21.0% during the fourth quarter. First Eagle Investment Management LLC now owns 839,183 shares of the software maker’s stock worth $3,550,000 after acquiring an additional 145,405 shares in the last quarter. Institutional investors and hedge funds own 77.78% of the company’s stock.

Upland Software Company Profile

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.