Upstart (NASDAQ:UPST) Raised to Neutral at BTIG Research

Upstart (NASDAQ:UPST) was upgraded by investment analysts at BTIG Research from a “sell” rating to a “neutral” rating in a note issued to investors on Monday, MarketBeat reports.

Other equities analysts also recently issued research reports about the company. Barclays raised their target price on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $31.00 to $85.00 in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Mizuho boosted their price target on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $45.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.83.

Upstart Stock Down 10.4 %

UPST opened at $69.43 on Monday. The company has a market cap of $6.21 billion, a PE ratio of -35.43 and a beta of 1.97. Upstart has a twelve month low of $20.25 and a twelve month high of $86.07. The company has a 50-day moving average price of $45.28 and a 200 day moving average price of $33.93.

Insider Buying and Selling at Upstart

In other news, CEO Dave Girouard sold 41,667 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 61,512 shares in the company, valued at approximately $4,007,506.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $53.81, for a total transaction of $80,715.00. Following the completion of the transaction, the chief financial officer now directly owns 335,593 shares in the company, valued at $18,058,259.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $65.15, for a total value of $2,714,605.05. Following the completion of the sale, the chief executive officer now owns 61,512 shares in the company, valued at $4,007,506.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 354,626 shares of company stock worth $16,438,780 over the last quarter. 18.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Upstart

Several institutional investors have recently bought and sold shares of UPST. Anfield Capital Management LLC acquired a new position in shares of Upstart in the second quarter valued at approximately $33,000. Blue Trust Inc. boosted its holdings 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 purchasing an additional 550 shares during the period. Hollencrest Capital Management acquired a new position in Upstart during the 3rd quarter worth $40,000. Indiana Trust & Investment Management Co purchased a new stake in Upstart during the 3rd quarter worth about $43,000. Finally, Prospera Private Wealth LLC acquired a new stake in Upstart in the 3rd quarter valued at about $47,000. 63.01% of the stock is 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.