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

William Blair reiterated their outperform rating on shares of Upland Software (NASDAQ:UPLD) in a research note released on Friday morning, RTT News reports.

UPLD has been the subject of a number of other reports. Needham & Company LLC reaffirmed a hold rating on shares of Upland Software in a research note on Friday. StockNews.com lowered shares of Upland Software from a buy rating to a hold rating in a 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 assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $4.17.

Upland Software Stock Performance

Shares of UPLD stock opened at $2.46 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 23.49. The company has a 50-day moving average of $2.58 and a two-hundred day moving average of $3.69. Upland Software has a 1-year low of $1.89 and a 1-year high of $5.28.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Upland Software during the 1st quarter valued at approximately $37,000. Pingora Partners LLC acquired a new stake in shares of Upland Software during the fourth quarter worth $50,000. Oxford Asset Management LLP acquired a new stake in shares of Upland Software during the fourth quarter worth $52,000. Mackenzie Financial Corp purchased a new position in Upland Software in the 3rd quarter valued at $54,000. Finally, Pathstone Family Office LLC acquired a new position in Upland Software in the 3rd quarter valued at $108,000. 77.78% of the stock is 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.