Credit Suisse Group reissued their buy rating on shares of Upland Software (NASDAQ:UPLD) in a research report report published on Thursday morning, AnalystRatings.com reports. Credit Suisse Group currently has a $48.00 target price on the software maker’s stock.
UPLD has been the subject of a number of other reports. Needham & Company LLC restated a buy rating and issued a $53.00 price objective on shares of Upland Software in a report on Wednesday, February 5th. Jefferies Financial Group decreased their price objective on shares of Upland Software from $61.00 to $49.00 and set a buy rating for the company in a report on Friday, November 8th. They noted that the move was a valuation call. BidaskClub upgraded shares of Upland Software from a hold rating to a buy rating in a report on Tuesday. Zacks Investment Research lowered shares of Upland Software from a hold rating to a sell rating in a report on Wednesday, December 11th. Finally, ValuEngine upgraded shares of Upland Software from a strong sell rating to a sell rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. Upland Software presently has an average rating of Buy and an average target price of $50.67.
NASDAQ UPLD traded up $0.35 during mid-day trading on Thursday, reaching $44.60. The stock had a trading volume of 145,430 shares, compared to its average volume of 205,536. Upland Software has a 1 year low of $32.15 and a 1 year high of $54.87. The stock has a market cap of $1.12 billion, a PE ratio of -45.51, a price-to-earnings-growth ratio of 1.16 and a beta of 0.42. The company has a fifty day moving average price of $39.81 and a 200 day moving average price of $38.71. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.56 and a quick ratio of 1.56.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in Upland Software by 177.2% during the 2nd quarter. Royal Bank of Canada now owns 4,482 shares of the software maker’s stock valued at $204,000 after buying an additional 2,865 shares during the last quarter. Atria Investments LLC purchased a new stake in Upland Software during the 2nd quarter valued at $173,000. Summit Creek Advisors LLC purchased a new stake in Upland Software during the 3rd quarter valued at $8,048,000. Envestnet Asset Management Inc. raised its stake in Upland Software by 4.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,732 shares of the software maker’s stock valued at $792,000 after buying an additional 1,028 shares during the last quarter. Finally, Virginia Retirement Systems ET AL raised its stake in Upland Software by 12.7% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 48,800 shares of the software maker’s stock valued at $1,701,000 after buying an additional 5,500 shares during the last quarter. Institutional investors own 81.47% of the company’s stock.
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.
Recommended Story: Understanding Market Liquidity
Receive News & Ratings for Upland Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software and related companies with MarketBeat.com's FREE daily email newsletter.