Upland Software (NASDAQ:UPLD) Stock Passes Below 200-Day Moving Average of $3.70

Upland Software, Inc. (NASDAQ:UPLD) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.70 and traded as low as $1.90. Upland Software shares last traded at $2.02, with a volume of 383,359 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UPLD shares. StockNews.com lowered Upland Software from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. William Blair reaffirmed an “outperform” rating on shares of Upland Software in a report on Friday. Canaccord Genuity Group lowered their target price on Upland Software from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday. Finally, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.13.

Upland Software Stock Performance

The stock’s 50 day simple moving average is $2.59 and its 200 day simple moving average is $3.70. The company has a debt-to-equity ratio of 3.75, a current ratio of 2.30 and a quick ratio of 2.30.

Institutional Inflows and Outflows

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