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

Upstart Holdings, Inc. (NASDAQ:UPST) has been given an average rating of “Hold” by the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $61.80.

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Upstart from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $45.00 to $57.00 in a research note on Monday, December 2nd. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $95.00 in a research note on Tuesday, December 3rd. 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. Finally, Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $31.00 to $85.00 in a research report on Friday, November 8th.

Upstart Trading Down 3.8 %

UPST stock opened at $64.75 on Friday. The stock’s 50 day simple moving average is $68.89 and its 200 day simple moving average is $52.15. Upstart has a 12-month low of $20.60 and a 12-month high of $88.95. The stock has a market capitalization of $5.91 billion, a PE ratio of -33.55 and a beta of 2.26.

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

Insider Buying and Selling at Upstart

In related news, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction on Friday, November 8th. The shares were sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the transaction, the chief executive officer now owns 61,512 shares in the company, valued at approximately $4,007,506.80. The trade was a 40.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Datta sold 1,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $79.54, for a total value of $119,310.00. Following the completion of the sale, the chief financial officer now owns 331,093 shares of the company’s stock, valued at $26,335,137.22. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 391,035 shares of company stock valued at $26,890,777 over the last 90 days. 18.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPST. GAMMA Investing LLC lifted its holdings in shares of Upstart by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after buying an additional 224 shares in the last quarter. Orion Capital Management LLC lifted its stake in Upstart by 5.1% in the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after purchasing an additional 270 shares in the last quarter. KBC Group NV boosted its holdings in shares of Upstart by 17.8% during the 4th quarter. KBC Group NV now owns 3,088 shares of the company’s stock valued at $190,000 after purchasing an additional 467 shares during the last quarter. Blue Trust Inc. grew its position in shares of Upstart by 49.1% during the fourth quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock valued at $91,000 after purchasing an additional 486 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Upstart by 10.2% in the third quarter. US Bancorp DE now owns 9,032 shares of the company’s stock worth $361,000 after purchasing an additional 835 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.