Upland Software (NASDAQ:UPLD) Receives New Coverage from Analysts at Credit Suisse Group

Credit Suisse Group began coverage on shares of Upland Software (NASDAQ:UPLDGet Rating) in a report issued on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $8.00 price target on the software maker’s stock.

Several other brokerages have also recently weighed in on UPLD. Raymond James reduced their price target on Upland Software from $24.00 to $17.00 and set an outperform rating on the stock in a research note on Thursday, August 4th. Truist Financial cut their target price on Upland Software from $20.00 to $12.00 in a research note on Monday, November 7th. Canaccord Genuity Group cut their target price on Upland Software from $24.00 to $19.00 in a research note on Friday, August 5th. StockNews.com began coverage on Upland Software in a research note on Wednesday, October 12th. They issued a buy rating on the stock. Finally, Craig Hallum lowered their price target on Upland Software from $22.00 to $13.00 in a report on Thursday, August 4th.

Upland Software Price Performance

Shares of UPLD stock opened at $7.48 on Monday. The stock has a market cap of $237.71 million, a price-to-earnings ratio of -4.37 and a beta of 0.77. The business’s fifty day moving average is $7.80 and its 200 day moving average is $10.89. Upland Software has a twelve month low of $6.43 and a twelve month high of $21.62. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.66.

Insider Activity

In other news, Director Stephen E. Courter sold 3,500 shares of the company’s stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $7.37, for a total transaction of $25,795.00. Following the transaction, the director now directly owns 35,364 shares of the company’s stock, valued at $260,632.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Amalgamated Bank bought a new position in Upland Software in the first quarter valued at about $83,000. Ensign Peak Advisors Inc bought a new position in Upland Software in the first quarter valued at about $87,000. UBS Group AG lifted its holdings in Upland Software by 307.3% in the third quarter. UBS Group AG now owns 9,906 shares of the software maker’s stock valued at $80,000 after acquiring an additional 7,474 shares during the period. Ergoteles LLC bought a new position in Upland Software in the first quarter valued at about $181,000. Finally, SG Americas Securities LLC bought a new position in Upland Software in the second quarter valued at about $158,000. Institutional investors own 75.17% of the company’s stock.

About Upland Software

(Get Rating)

Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal.

Recommended Stories

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.