Upstart Holdings, Inc. (NASDAQ:UPST) Given Average Rating of “Hold” by Brokerages

Upstart Holdings, Inc. (NASDAQ:UPST) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $61.80.

UPST has been the subject of several research analyst reports. Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $31.00 to $85.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. cut Upstart from a “neutral” rating to an “underweight” rating and raised their price target for the company from $45.00 to $57.00 in a research report on Monday, December 2nd. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Wedbush raised their target price on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $95.00 in a report on Tuesday, December 3rd.

Upstart Stock Performance

Shares of UPST opened at $67.44 on Friday. The stock has a market capitalization of $6.15 billion, a P/E ratio of -34.94 and a beta of 2.26. Upstart has a 1 year low of $20.60 and a 1 year high of $88.95. The company’s fifty day moving average is $69.41 and its two-hundred day moving average is $50.78.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.31). The business had revenue of $162.14 million during the quarter, compared to analysts’ expectations of $149.94 million. Upstart had a negative net margin of 30.15% and a negative return on equity of 32.57%. During the same quarter last year, the firm earned ($0.48) earnings per share. Sell-side analysts predict that Upstart will post -2.18 EPS for the current year.

Insider Buying and Selling

In related news, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total value of $2,608,354.20. Following the transaction, the chief executive officer now owns 57,138 shares of the company’s stock, valued at approximately $3,576,838.80. This trade represents a 42.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Paul Gu sold 4,019 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $75.00, for a total transaction of $301,425.00. Following the completion of the transaction, the chief technology officer now owns 863,065 shares of the company’s stock, valued at approximately $64,729,875. The trade was a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 392,535 shares of company stock worth $26,968,327 in the last ninety days. 18.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Upstart

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its position in Upstart by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock valued at $83,000 after buying an additional 224 shares during the period. Orion Capital Management LLC increased its holdings in shares of Upstart by 5.1% in the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock valued at $222,000 after purchasing an additional 270 shares during the period. KBC Group NV lifted its position in shares of Upstart by 17.8% in the fourth quarter. KBC Group NV now owns 3,088 shares of the company’s stock worth $190,000 after purchasing an additional 467 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Upstart by 49.1% during the fourth quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock worth $91,000 after purchasing an additional 486 shares during the period. Finally, US Bancorp DE grew its position in Upstart by 10.2% during the third quarter. US Bancorp DE now owns 9,032 shares of the company’s stock valued at $361,000 after purchasing an additional 835 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.