Upstart Holdings, Inc. (NASDAQ:UPST – Get Free Report) has been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $73.38.
A number of research firms have weighed in on UPST. 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 note on Wednesday, February 12th. Barclays lifted their price objective on Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 18th. Citigroup lifted their price objective on Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. B. Riley upgraded Upstart from a “neutral” rating to a “buy” rating and lifted their price target for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $57.00 to $79.00 in a research note on Wednesday, February 12th.
View Our Latest Stock Report on UPST
Insider Buying and Selling at Upstart
Institutional Investors Weigh In On Upstart
Several large investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Upstart during the 4th quarter worth approximately $6,900,000. Mackenzie Financial Corp purchased a new stake in Upstart during the 4th quarter worth approximately $62,000. Neo Ivy Capital Management purchased a new stake in Upstart during the 4th quarter worth approximately $493,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Upstart by 32.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,730 shares of the company’s stock worth $8,973,000 after buying an additional 35,315 shares during the period. Finally, Virtus Fund Advisers LLC purchased a new stake in Upstart during the 4th quarter worth approximately $32,000. 63.01% of the stock is owned by hedge funds and other institutional investors.
Upstart Stock Performance
Shares of UPST opened at $48.54 on Friday. The stock has a 50-day moving average of $65.08 and a two-hundred day moving average of $59.43. Upstart has a one year low of $20.60 and a one year high of $96.43. The stock has a market cap of $4.55 billion, a P/E ratio of -33.25 and a beta of 2.25.
Upstart (NASDAQ:UPST – Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, topping 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%. Analysts predict that Upstart will post -0.03 EPS 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.
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