Upland Software (NASDAQ:UPLD) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Upland Software (NASDAQ:UPLD - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Needham & Company LLC restated a "hold" rating on shares of Upland Software in a research report on Tuesday, May 13th.

Upland Software Stock Down 2.5%

Upland Software stock traded down $0.05 during trading hours on Friday, hitting $1.92. The stock had a trading volume of 49,930 shares, compared to its average volume of 210,979. The stock has a market cap of $54.69 million, a price-to-earnings ratio of -1.10 and a beta of 1.16. Upland Software has a one year low of $1.69 and a one year high of $5.64. The business's 50 day simple moving average is $2.08 and its 200-day simple moving average is $2.99.

Institutional Investors Weigh In On Upland Software

A number of hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in Upland Software by 697.1% in the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker's stock worth $34,000 after purchasing an additional 10,442 shares in the last quarter. American Century Companies Inc. bought a new stake in Upland Software in the first quarter worth approximately $55,000. R Squared Ltd increased its holdings in Upland Software by 646.4% in the first quarter. R Squared Ltd now owns 13,510 shares of the software maker's stock worth $39,000 after purchasing an additional 11,700 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Upland Software by 18.5% in the first quarter. Mackenzie Financial Corp now owns 71,523 shares of the software maker's stock worth $205,000 after purchasing an additional 11,173 shares in the last quarter. Finally, Inspire Advisors LLC bought a new stake in Upland Software in the first quarter worth approximately $338,000. 77.78% of the stock is currently owned by 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.