Upland Software (NASDAQ:UPLD) Lifted to Strong-Buy at BidaskClub

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

Several other brokerages have also commented on UPLD. Craig Hallum reaffirmed a buy rating and issued a $56.00 price objective (up from $52.00) on shares of Upland Software in a research report on Friday, May 31st. Zacks Investment Research lowered shares of Upland Software from a buy rating to a hold rating in a research report on Thursday, August 1st. SunTrust Banks increased their price objective on shares of Upland Software to $48.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. Needham & Company LLC reaffirmed a buy rating and issued a $53.00 price objective (up from $50.00) on shares of Upland Software in a research report on Monday, June 24th. Finally, TheStreet lowered shares of Upland Software from a b- rating to a c+ rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $51.88.

UPLD stock opened at $42.12 on Friday. The stock has a market capitalization of $921.28 million, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.57. The firm’s 50-day moving average price is $46.21. Upland Software has a one year low of $25.12 and a one year high of $54.87. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 3.23.

A number of institutional investors and hedge funds have recently bought and sold shares of UPLD. Aperio Group LLC purchased a new position in Upland Software during the 2nd quarter worth approximately $28,000. Ashburton Jersey Ltd purchased a new position in Upland Software during the 2nd quarter worth approximately $57,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Upland Software by 77.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock worth $63,000 after buying an additional 608 shares during the last quarter. Legal & General Group Plc raised its position in Upland Software by 26.6% during the 4th quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock worth $81,000 after buying an additional 622 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in Upland Software by 592.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,078 shares of the software maker’s stock worth $95,000 after buying an additional 1,778 shares during the last quarter. 66.67% of the stock is owned by institutional investors.

About Upland Software

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.

Read More: Buy Rating

Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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