Upstart (NASDAQ:UPST) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Upstart (NASDAQ:UPST) released its quarterly earnings results on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02, Zacks reports. Upstart had a negative return on equity of 32.57% and a negative net margin of 30.15%. Upstart updated its Q1 2025 guidance to EPS.

Upstart Price Performance

Upstart stock traded down $3.60 during mid-day trading on Tuesday, hitting $67.34. The company’s stock had a trading volume of 12,468,145 shares, compared to its average volume of 4,342,878. The firm’s 50 day moving average is $67.60 and its 200 day moving average is $54.09. The company has a market cap of $6.14 billion, a PE ratio of -34.89 and a beta of 2.25. Upstart has a 52-week low of $20.60 and a 52-week high of $88.95.

Insider Buying and Selling

In other news, CTO Paul Gu sold 65,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $66.58, for a total transaction of $4,327,700.00. Following the completion of the sale, the chief technology officer now directly owns 878,565 shares of the company’s stock, valued at $58,494,857.70. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kerry Whorton Cooper sold 500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $74.59, for a total value of $37,295.00. Following the sale, the director now directly owns 17,961 shares of the company’s stock, valued at $1,339,710.99. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 347,868 shares of company stock valued at $24,056,862. Corporate insiders own 18.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UPST. Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $31.00 to $85.00 in a research note on Friday, November 8th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Wedbush raised their target price on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. cut Upstart from a “neutral” rating to an “underweight” rating and raised their target price for the company from $45.00 to $57.00 in a research note on Monday, December 2nd. Finally, Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $61.80.

Upstart Company Profile

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.