Upland Software (NASDAQ:UPLD) Upgraded to Buy at Wall Street Zen

Key Points

• Upland Software has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating positive investor sentiment towards the stock.
• Two Sigma Advisers LP and other institutional investors have significantly increased their positions in Upland Software, reflecting growing confidence in its prospects.
• The stock currently has an average rating of "Buy" with a consensus target price of $4.00, indicating potential upward momentum for investors.

Upland Software (NASDAQ:UPLD - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

UPLD has been the topic of a number of other reports. Needham & Company LLC raised shares of Upland Software from a "hold" rating to a "buy" rating and set a $4.50 price target on the stock in a research note on Thursday. Craig Hallum raised shares of Upland Software from a "hold" rating to a "buy" rating and set a $3.50 price target on the stock in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $4.00.

Upland Software Stock Performance

Shares of UPLD opened at $2.96 on Friday. The stock has a market capitalization of $85.16 million, a P/E ratio of -1.66 and a beta of 1.18. The company's fifty day moving average is $2.01 and its two-hundred day moving average is $2.54. Upland Software has a 1 year low of $1.69 and a 1 year high of $5.64.

Institutional Investors Weigh In On Upland Software

Several institutional investors and hedge funds have recently made changes to their positions in UPLD. Two Sigma Advisers LP boosted its position 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 worth $1,764,000 after buying an additional 209,900 shares in the last quarter. Two Sigma Investments LP boosted its position 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 worth $1,396,000 after buying an additional 169,240 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Upland Software by 13.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,301,061 shares of the software maker's stock worth $5,647,000 after buying an additional 154,667 shares in the last quarter. Inspire Advisors LLC purchased a new position in Upland Software in the 1st quarter valued at about $338,000. Finally, Man Group plc lifted its holdings in 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 in the last quarter. 77.78% of the stock is currently 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.

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