Upland Software (NASDAQ:UPLD) Price Target Lowered to $5.00 at Canaccord Genuity Group

Upland Software (NASDAQ:UPLD) had its target price dropped by equities research analysts at Canaccord Genuity Group from $7.00 to $5.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Canaccord Genuity Group’s target price indicates a potential upside of 93.05% from the company’s current price.

UPLD has been the topic of several other research reports. StockNews.com lowered Upland Software from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research note on Friday. Finally, William Blair reiterated an “outperform” rating on shares of Upland Software in a report on Friday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.13.

Upland Software Stock Performance

Shares of Upland Software stock opened at $2.59 on Friday. The business’s 50 day moving average price is $2.58 and its 200 day moving average price is $3.69. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 3.75. Upland Software has a one year low of $1.89 and a one year high of $5.28.

Institutional Trading of Upland Software

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp acquired a new stake in shares of Upland Software during the third quarter valued at about $54,000. NBC Securities Inc. acquired a new stake in Upland Software in the 3rd quarter valued at approximately $209,000. Victory Capital Management Inc. purchased a new stake in Upland Software in the third quarter valued at approximately $1,098,000. Assenagon Asset Management S.A. lifted its stake in Upland Software by 13.1% during the third quarter. Assenagon Asset Management S.A. now owns 580,043 shares of the software maker’s stock worth $2,680,000 after purchasing an additional 67,331 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Upland Software by 100.3% during the third quarter. Barclays PLC now owns 70,663 shares of the software maker’s stock worth $326,000 after buying an additional 35,378 shares during the period. 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.