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

Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $73.38.

UPST has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating and set a $105.00 price objective (up previously from $85.00) on shares of Upstart in a research report on Wednesday, February 12th. Bank of America lifted their price objective on Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a research report on Wednesday, February 12th. Morgan Stanley raised Upstart from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $12.00 to $70.00 in a research report on Friday, February 14th. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $49.00 to $105.00 in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group lifted their price objective on Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a research report on Wednesday, February 12th.

Insider Transactions at Upstart

In other news, insider Natalia Mirgorodskaya sold 1,411 shares of Upstart stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $77.36, for a total value of $109,154.96. Following the transaction, the insider now directly owns 18,596 shares in the company, valued at approximately $1,438,586.56. The trade was a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief executive officer now owns 57,138 shares in the company, valued at $3,576,838.80. The trade was a 42.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 215,197 shares of company stock worth $15,190,101. Company insiders own 18.06% of the company’s stock.

Hedge Funds Weigh In On Upstart

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new position in Upstart during the fourth quarter valued at about $493,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Upstart by 32.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,730 shares of the company’s stock valued at $8,973,000 after purchasing an additional 35,315 shares in the last quarter. Virtus Fund Advisers LLC bought a new stake in shares of Upstart in the 4th quarter valued at approximately $32,000. Virtus Investment Advisers Inc. bought a new stake in shares of Upstart in the 4th quarter valued at approximately $332,000. Finally, Two Sigma Advisers LP grew its stake in shares of Upstart by 190.2% in the 4th quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company’s stock valued at $105,242,000 after purchasing an additional 1,120,300 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Upstart Stock Up 5.4 %

Shares of Upstart stock opened at $86.89 on Wednesday. The stock has a market cap of $7.93 billion, a PE ratio of -45.02 and a beta of 2.25. The business has a fifty day simple moving average of $68.47 and a 200-day simple moving average of $56.46. Upstart has a 12 month low of $20.60 and a 12 month high of $96.43.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, topping 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%. Analysts expect that Upstart will post -2.18 EPS 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.