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

Upstart Holdings, Inc. (NASDAQ:UPST) has earned an average recommendation of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $73.38.

UPST has been the topic of a number of recent research reports. B. Riley upgraded Upstart from a “neutral” rating to a “buy” rating and upped their price objective for the company from $49.00 to $105.00 in a research report on Wednesday, February 12th. Wedbush upped their price objective on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Needham & Company LLC increased their price target on Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group increased their price target on Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a report on Wednesday, February 12th. Finally, Barclays increased their price target on Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th.

Insider Buying and Selling at Upstart

In other Upstart news, CFO Sanjay Datta sold 16,070 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the sale, the chief financial officer now owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total value of $2,608,354.20. Following the sale, the chief executive officer now directly owns 57,138 shares in the company, valued at $3,576,838.80. This trade represents a 42.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,062 shares of company stock valued at $5,247,182. 18.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Upstart

A number of institutional investors have recently made changes to their positions in UPST. Two Sigma Advisers LP boosted its position 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 worth $105,242,000 after purchasing an additional 1,120,300 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Upstart by 300.2% in the 4th quarter. Marshall Wace LLP now owns 1,061,512 shares of the company’s stock worth $65,357,000 after purchasing an additional 796,252 shares in the last quarter. Fred Alger Management LLC boosted its position in shares of Upstart by 153.2% in the 3rd quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock worth $49,886,000 after purchasing an additional 754,416 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Upstart during the 4th quarter worth about $43,697,000. Finally, Invesco Ltd. lifted its position in Upstart by 886.0% during the 4th quarter. Invesco Ltd. now owns 709,684 shares of the company’s stock worth $43,695,000 after acquiring an additional 637,706 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Trading Up 4.8 %

Shares of Upstart stock opened at $48.54 on Friday. The stock has a 50 day moving average of $65.08 and a 200 day moving average of $59.43. Upstart has a 12 month low of $20.60 and a 12 month high of $96.43. The firm has a market cap of $4.55 billion, a PE ratio of -33.25 and a beta of 2.25.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. As a group, equities research analysts forecast that Upstart will post -0.03 earnings per share for the current fiscal year.

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.