Roth Mkm Reiterates Sell Rating for Upland Software (NASDAQ:UPLD)

Roth Mkm reaffirmed their sell rating on shares of Upland Software (NASDAQ:UPLD - Free Report) in a report released on Tuesday, Benzinga reports. Roth Mkm currently has a $2.50 price target on the software maker's stock, down from their previous price target of $3.00.

Several other analysts have also weighed in on the company. Canaccord Genuity Group decreased their price objective on Upland Software from $7.00 to $5.00 and set a buy rating on the stock in a report on Friday. StockNews.com upgraded Upland Software from a hold rating to a buy rating in a research report on Monday. Needham & Company LLC restated a hold rating on shares of Upland Software in a research report on Friday. Finally, William Blair restated an outperform rating on shares of Upland Software in a research report on Friday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $3.83.

Upland Software Stock Performance

Shares of NASDAQ:UPLD traded up $0.17 during trading on Tuesday, hitting $3.36. 1,595,838 shares of the stock were exchanged, compared to its average volume of 511,094. Upland Software has a 1-year low of $1.89 and a 1-year high of $5.28. The company has a market capitalization of $92.70 million, a price-to-earnings ratio of -0.71 and a beta of 1.01. The company's fifty day simple moving average is $2.61 and its 200-day simple moving average is $3.68. The company has a debt-to-equity ratio of 23.49, a quick ratio of 2.34 and a current ratio of 2.34.

Hedge Funds Weigh In On Upland Software

A number of institutional investors and hedge funds have recently bought and sold shares of UPLD. Mirae Asset Global Investments Co. Ltd. acquired a new position in Upland Software in the first quarter worth $37,000. Pingora Partners LLC acquired a new position in shares of Upland Software during the fourth quarter valued at $50,000. Oxford Asset Management LLP acquired a new position in shares of Upland Software during the fourth quarter valued at $52,000. Mackenzie Financial Corp acquired a new position in shares of Upland Software during the third quarter valued at $54,000. Finally, Pathstone Family Office LLC acquired a new position in shares of Upland Software during the third quarter valued at $108,000. Institutional investors and hedge funds own 77.78% of the company's stock.

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.