Upstart Holdings, Inc. (NASDAQ:UPST) Receives Average Recommendation of “Reduce” from Analysts

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have been given an average rating of “Reduce” by the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Three equities 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 target price among brokers that have issued a report on the stock in the last year is $31.50.

UPST has been the topic of a number of research reports. Piper Sandler raised their target price 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. JPMorgan Chase & Co. raised their target price on shares of Upstart from $27.00 to $30.00 and gave the company an “underweight” rating in a research report on Tuesday, August 20th. Barclays raised their target price on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Finally, Mizuho raised their target price on shares of Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 20th.

Insider Transactions at Upstart

In related news, CEO Dave Girouard sold 3,361 shares of Upstart stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $38.35, for a total value of $128,894.35. Following the completion of the sale, the chief executive officer now directly owns 61,512 shares in the company, valued at $2,358,985.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Chief Legal Officer Scott Darling sold 9,000 shares of Upstart stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $45.00, for a total value of $405,000.00. Following the completion of the sale, the insider now directly owns 164,870 shares in the company, valued at $7,419,150. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dave Girouard sold 3,361 shares of Upstart stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $38.35, for a total transaction of $128,894.35. Following the completion of the sale, the chief executive officer now owns 61,512 shares of the company’s stock, valued at $2,358,985.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 312,959 shares of company stock valued at $13,641,350 in the last 90 days. Insiders own 18.06% of the company’s stock.

Institutional Trading of Upstart

Institutional investors and hedge funds have recently bought and sold shares of the business. Anfield Capital Management LLC acquired a new stake in Upstart during the 2nd quarter valued at approximately $33,000. Indiana Trust & Investment Management Co acquired a new stake in Upstart during the 3rd quarter valued at approximately $43,000. Benjamin F. Edwards & Company Inc. lifted its stake in Upstart by 80.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after acquiring an additional 778 shares during the period. GAMMA Investing LLC lifted its stake in Upstart by 259.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after acquiring an additional 1,590 shares during the period. Finally, Comerica Bank lifted its stake in Upstart by 144.0% during the 1st quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after acquiring an additional 1,365 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Upstart Price Performance

Shares of UPST opened at $54.38 on Thursday. Upstart has a 1-year low of $19.84 and a 1-year high of $57.40. The company has a 50-day moving average of $39.94 and a 200 day moving average of $30.04. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of -23.24 and a beta of 2.01.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share 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 analyst estimates of $124.55 million. During the same quarter last year, the business posted ($0.34) EPS. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities analysts anticipate that Upstart will post -2.39 earnings per share for the current fiscal year.

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.