Wedbush Weighs in on Upstart’s Q4 Earnings (NASDAQ:UPST)

Upstart Holdings, Inc. (NASDAQ:UPST) – Equities research analysts at Wedbush lowered their Q4 2024 earnings per share (EPS) estimates for shares of Upstart in a research note issued to investors on Monday, November 25th. Wedbush analyst D. Chiaverini now anticipates that the company will post earnings of ($0.39) per share for the quarter, down from their prior estimate of ($0.38). Wedbush has a “Neutral” rating and a $60.00 price objective on the stock. The consensus estimate for Upstart’s current full-year earnings is ($2.18) per share. Wedbush also issued estimates for Upstart’s Q1 2025 earnings at ($0.29) EPS, Q3 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.50) EPS.

Several other research firms have also recently weighed in on UPST. Mizuho boosted their price target on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $30.00 to $45.00 in a report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Finally, Barclays increased 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.83.

Upstart Trading Down 0.1 %

Shares of Upstart stock opened at $78.43 on Wednesday. The stock has a fifty day simple moving average of $53.91 and a 200 day simple moving average of $37.90. Upstart has a 12-month low of $20.60 and a 12-month high of $86.07. The company has a market capitalization of $7.16 billion, a P/E ratio of -40.64 and a beta of 1.97.

Hedge Funds Weigh In On Upstart

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC bought a new position in shares of Upstart in the third quarter worth approximately $334,000. Tyler Stone Wealth Management increased its position in shares of Upstart by 94.1% in the third quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock valued at $2,222,000 after acquiring an additional 26,917 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Upstart by 63.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock valued at $29,031,000 after acquiring an additional 282,481 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of Upstart during the third quarter worth about $828,000. Finally, LifePro Asset Management bought a new stake in shares of Upstart in the third quarter worth about $2,008,000. 63.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $41.03, for a total transaction of $205,150.00. Following the completion of the sale, the insider now directly owns 22,477 shares in the company, valued at $922,231.31. This represents a 18.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chief Legal Officer Scott Darling sold 7,190 shares of Upstart stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $39.15, for a total value of $281,464.77. Following the completion of the transaction, the insider now owns 176,870 shares in the company, valued at approximately $6,923,876.83. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 502,939 shares of company stock worth $28,887,725 over the last 90 days. Corporate insiders own 18.06% 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.