Upland Software (NASDAQ:UPLD) Raised to Buy at Craig Hallum

Key Points

• Upland Software was upgraded from a "hold" rating to a "buy" rating by Craig Hallum, with a price target of $3.50, indicating a potential upside of 70.73% from its current price.
• Institutional investors own 77.78% of Upland Software's stock, with several adding to their positions in the fourth quarter, highlighting increasing interest from larger financial players.
• The company's shares recently opened at $2.05 and have shown significant volatility over the past year, with a 52-week range of $1.69 to $5.64.

Upland Software (NASDAQ:UPLD - Get Free Report) was upgraded by equities research analysts at Craig Hallum from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The brokerage presently has a $3.50 price objective on the software maker's stock. Craig Hallum's price objective would suggest a potential upside of 70.73% from the stock's current price.

UPLD has been the subject of several other research reports. Wall Street Zen upgraded shares of Upland Software from a "buy" rating to a "strong-buy" rating in a research report on Sunday, July 20th. Needham & Company LLC restated a "hold" rating on shares of Upland Software in a research report on Tuesday, May 13th.

Upland Software Stock Performance

Shares of NASDAQ:UPLD opened at $2.05 on Friday. The company has a market cap of $58.38 million, a PE ratio of -1.18 and a beta of 1.16. Upland Software has a 52 week low of $1.69 and a 52 week high of $5.64. The firm has a 50 day simple moving average of $1.95 and a 200 day simple moving average of $2.76.

Institutional Investors Weigh In On Upland Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPLD. Prudential Financial Inc. purchased a new stake in Upland Software in the 4th quarter worth approximately $95,000. JPMorgan Chase & Co. purchased a new stake in Upland Software in the 4th quarter worth approximately $61,000. Arrowstreet Capital Limited Partnership purchased a new stake in Upland Software in the 4th quarter worth approximately $812,000. Renaissance Technologies LLC lifted its position in Upland Software by 22.8% in the 4th quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker's stock worth $1,557,000 after buying an additional 66,684 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in Upland Software in the 4th quarter worth approximately $498,000. Hedge funds and other institutional investors own 77.78% of the company's stock.

About Upland Software

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.

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