Upstart Holdings, Inc. (NASDAQ:UPST – Get Free Report) has earned a consensus recommendation of “Reduce” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $26.30.
A number of brokerages have recently issued reports on UPST. Wedbush reiterated an “underperform” rating and set a $10.00 price target on shares of Upstart in a research report on Wednesday, November 8th. JPMorgan Chase & Co. dropped their price target on Upstart from $28.00 to $26.00 and set an “underweight” rating for the company in a research report on Wednesday, November 8th. Piper Sandler dropped their price target on Upstart from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. Finally, Mizuho lifted their price target on Upstart from $19.00 to $23.00 and gave the company an “underperform” rating in a research report on Thursday, January 18th.
Upstart Trading Up 4.6 %
Insiders Place Their Bets
In related news, CEO Dave Girouard sold 4,265 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $24.01, for a total transaction of $102,402.65. Following the completion of the transaction, the chief executive officer now directly owns 72,028 shares of the company’s stock, valued at $1,729,392.28. The sale was disclosed in a filing with the SEC, which is available through this link. In other Upstart news, CEO Dave Girouard sold 4,265 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $24.01, for a total transaction of $102,402.65. Following the transaction, the chief executive officer now directly owns 72,028 shares in the company, valued at approximately $1,729,392.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Darling sold 2,043 shares of the business’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $45.18, for a total value of $92,302.74. Following the completion of the transaction, the insider now directly owns 172,527 shares of the company’s stock, valued at $7,794,769.86. The disclosure for this sale can be found here. Insiders sold a total of 99,751 shares of company stock worth $2,948,838 over the last quarter. 18.45% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Upstart
Hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its holdings in shares of Upstart by 78.5% in the second quarter. Geneos Wealth Management Inc. now owns 705 shares of the company’s stock valued at $25,000 after purchasing an additional 310 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Upstart during the fourth quarter worth $25,000. IFP Advisors Inc increased its stake in Upstart by 4,153.3% during the second quarter. IFP Advisors Inc now owns 638 shares of the company’s stock worth $26,000 after acquiring an additional 623 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Upstart during the second quarter worth $26,000. Finally, Comerica Bank acquired a new stake in Upstart during the third quarter worth $27,000. Hedge funds and other institutional investors own 42.50% of the company’s stock.
Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank and credit union partners. The company was founded in 2012 and is headquartered in San Mateo, California.
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