Upstart Holdings, Inc. (NASDAQ:UPST) Receives $26.75 Consensus PT from Analysts

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have earned an average rating of “Reduce” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $26.75.

Several research analysts recently weighed in on the company. Barclays boosted their target price on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. BTIG Research began coverage on Upstart in a research note on Friday, June 7th. They set a “sell” rating and a $14.00 price target on the stock. Piper Sandler increased their price objective on shares of Upstart from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Mizuho raised shares of Upstart from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $17.00 to $31.00 in a research report on Wednesday, July 31st. Finally, Redburn Atlantic raised shares of Upstart from a “sell” rating to a “neutral” rating and raised their price target for the stock from $22.50 to $25.50 in a report on Tuesday, June 4th.

Upstart Stock Performance

UPST stock opened at $38.26 on Wednesday. Upstart has a one year low of $19.84 and a one year high of $49.62. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -18.57 and a beta of 2.02. The firm has a 50-day simple moving average of $31.03 and a two-hundred day simple moving average of $26.88.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.22. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. The company had revenue of $127.63 million during the quarter, compared to analysts’ expectations of $124.55 million. During the same quarter in the prior year, the company posted ($0.34) earnings per share. Upstart’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities analysts predict that Upstart will post -2.39 earnings per share for the current fiscal year.

Insider Transactions at Upstart

In other Upstart news, CTO Paul Gu sold 10,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $25.88, for a total value of $258,800.00. Following the sale, the chief technology officer now directly owns 894,629 shares of the company’s stock, valued at $23,152,998.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CTO Paul Gu sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $25.88, for a total value of $258,800.00. Following the completion of the transaction, the chief technology officer now owns 894,629 shares of the company’s stock, valued at approximately $23,152,998.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dave Girouard sold 3,361 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.35, for a total value of $128,894.35. Following the sale, the chief executive officer now directly owns 61,512 shares in the company, valued at $2,358,985.20. The disclosure for this sale can be found here. Insiders have sold 50,205 shares of company stock worth $1,565,083 over the last 90 days. 18.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Upstart

Several large investors have recently made changes to their positions in UPST. Magnetar Financial LLC increased its holdings in Upstart by 1,106.7% in the first quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after buying an additional 89,219 shares in the last quarter. Norges Bank purchased a new position in Upstart during the fourth quarter worth approximately $19,017,000. Vanguard Group Inc. boosted its position in Upstart by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 7,013,918 shares of the company’s stock worth $286,589,000 after purchasing an additional 157,719 shares in the last quarter. Baader Bank Aktiengesellschaft grew its holdings in Upstart by 273.8% in the second quarter. Baader Bank Aktiengesellschaft now owns 41,115 shares of the company’s stock valued at $969,000 after purchasing an additional 30,115 shares during the period. Finally, Apollon Wealth Management LLC increased its position in shares of Upstart by 30.4% in the fourth quarter. Apollon Wealth Management LLC now owns 12,590 shares of the company’s stock valued at $514,000 after buying an additional 2,938 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.