Upstart (UPST) Projected to Post Earnings on Tuesday

Upstart (NASDAQ:UPST) is expected to release its earnings data after the market closes on Tuesday, February 11th. Analysts expect Upstart to post earnings of ($0.04) per share and revenue of $182.00 million for the quarter. Upstart has set its Q4 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Upstart (NASDAQ:UPST) last released its earnings results on Thursday, November 7th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.31). The firm had revenue of $162.14 million during the quarter, compared to the consensus estimate of $149.94 million. Upstart had a negative return on equity of 32.57% and a negative net margin of 30.15%. During the same quarter last year, the business posted ($0.48) EPS. On average, analysts expect Upstart to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Upstart Trading Down 2.4 %

Shares of NASDAQ:UPST opened at $63.17 on Tuesday. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of -32.73 and a beta of 2.25. Upstart has a 12 month low of $20.60 and a 12 month high of $88.95. The firm’s 50-day moving average is $68.57 and its 200 day moving average is $52.68.

Analysts Set New Price Targets

UPST has been the subject of a number of research analyst reports. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Wedbush lifted their target price on Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $31.00 to $85.00 in a report on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of Upstart from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $45.00 to $57.00 in a research note on Monday, December 2nd. Finally, Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and upped their target price for the stock from $56.00 to $87.00 in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.80.

Insider Activity at Upstart

In other news, CFO Sanjay Datta sold 1,500 shares of Upstart stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $79.54, for a total value of $119,310.00. Following the transaction, the chief financial officer now owns 331,093 shares of the company’s stock, valued at $26,335,137.22. The trade was a 0.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the transaction, the chief executive officer now owns 61,512 shares of the company’s stock, valued at approximately $4,007,506.80. This trade represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 391,035 shares of company stock valued at $26,890,777 over the last ninety days. 18.06% of the stock is owned by company insiders.

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.