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

Key Points

• Upland Software's stock rating has been downgraded from a "strong-buy" to a "hold" by Wall Street Zen.
• Additionally, Craig Hallum has raised the company's rating from "hold" to "buy" with a price target of $3.50.
• Institutional investors now hold 77.78% of Upland Software’s stock, indicating significant institutional interest.

Wall Street Zen lowered shares of Upland Software (NASDAQ:UPLD - Free Report) from a strong-buy rating to a hold rating in a report issued on Saturday morning.

A number of other equities research analysts have also weighed in on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Upland Software in a report on Tuesday, May 13th. Craig Hallum upgraded shares of Upland Software from a "hold" rating to a "buy" rating and set a $3.50 price objective for the company in a report on Friday.

Upland Software Stock Performance

Upland Software stock traded down $0.21 during mid-day trading on Friday, hitting $2.04. The company's stock had a trading volume of 221,814 shares, compared to its average volume of 172,174. The company has a 50 day moving average of $1.95 and a 200-day moving average of $2.73. Upland Software has a one year low of $1.69 and a one year high of $5.64. The stock has a market cap of $58.69 million, a PE ratio of -1.15 and a beta of 1.18.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. D. E. Shaw & Co. Inc. increased its position in Upland Software by 13.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,301,061 shares of the software maker's stock valued at $5,647,000 after purchasing an additional 154,667 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Upland Software by 106.8% in the 4th quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker's stock valued at $1,764,000 after purchasing an additional 209,900 shares during the period. Man Group plc lifted its stake in shares of Upland Software by 33.5% in the 4th quarter. Man Group plc now owns 398,800 shares of the software maker's stock valued at $1,731,000 after purchasing an additional 100,157 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Upland Software by 22.8% in the 4th quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker's stock valued at $1,557,000 after purchasing an additional 66,684 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of Upland Software by 111.1% in the 4th quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker's stock valued at $1,396,000 after purchasing an additional 169,240 shares during the period. Hedge funds and other institutional investors 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.