Upstart (NASDAQ:UPST) Price Target Raised to $108.00 at Citigroup

Upstart (NASDAQ:UPST) had its price objective lifted by Citigroup from $87.00 to $108.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts also recently weighed in on UPST. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $105.00 in a report on Wednesday. Bank of America lifted their price target on Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a research note on Wednesday. The Goldman Sachs Group upped their price objective on Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a research note on Wednesday. Needham & Company LLC lifted their target price on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Upstart has an average rating of “Hold” and an average target price of $68.83.

Upstart Stock Down 5.2 %

Shares of NASDAQ UPST opened at $84.16 on Thursday. The business has a fifty day moving average price of $67.99 and a two-hundred day moving average price of $54.82. Upstart has a fifty-two week low of $20.60 and a fifty-two week high of $96.43.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 32.57% and a negative net margin of 30.15%. As a group, equities analysts anticipate that Upstart will post -2.18 EPS for the current fiscal year.

Insider Activity at Upstart

In other news, CFO Sanjay Datta sold 1,500 shares of Upstart stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.56, for a total value of $102,840.00. Following the completion of the sale, the chief financial officer now owns 329,593 shares in the company, valued at $22,596,896.08. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Natalia Mirgorodskaya sold 1,411 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $77.36, for a total transaction of $109,154.96. Following the transaction, the insider now owns 18,596 shares in the company, valued at $1,438,586.56. The trade was a 7.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 241,201 shares of company stock worth $17,003,724 over the last quarter. Company insiders own 18.06% of the company’s stock.

Institutional Investors Weigh In On Upstart

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Indiana Trust & Investment Management Co acquired a new stake in shares of Upstart in the 3rd quarter valued at about $43,000. Summit Financial Strategies Inc. boosted its holdings in Upstart by 13.3% in the third quarter. Summit Financial Strategies Inc. now owns 10,399 shares of the company’s stock worth $416,000 after acquiring an additional 1,223 shares in the last quarter. Blue Trust Inc. grew its stake in Upstart by 125.3% in the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after acquiring an additional 550 shares during the period. Castleview Partners LLC grew its stake in Upstart by 21,610.0% in the third quarter. Castleview Partners LLC now owns 2,171 shares of the company’s stock valued at $87,000 after acquiring an additional 2,161 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Upstart during the third quarter valued at approximately $235,000. 63.01% of the stock is owned by institutional investors.

About Upstart

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.