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

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

Several other equities analysts have also issued reports on UPLD. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Friday. StockNews.com lowered Upland Software from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Upland Software presently has a consensus rating of “Hold” and a consensus target price of $4.13.

Upland Software Price Performance

Shares of NASDAQ UPLD opened at $2.59 on Friday. The company has a debt-to-equity ratio of 3.75, a current ratio of 2.30 and a quick ratio of 2.30. Upland Software has a 1-year low of $1.89 and a 1-year high of $5.28. The stock’s 50-day moving average is $2.58 and its 200 day moving average is $3.69.

Institutional Investors Weigh In On Upland Software

Hedge funds have recently made changes to their positions in the company. Pingora Partners LLC bought a new position in Upland Software in the fourth quarter worth approximately $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Upland Software in the 1st quarter worth $37,000. Mackenzie Financial Corp purchased a new position in Upland Software in the 3rd quarter worth $54,000. Oxford Asset Management LLP purchased a new position in Upland Software in the 4th quarter worth $52,000. Finally, Pathstone Family Office LLC purchased a new position in Upland Software in the 3rd quarter worth $108,000. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

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.