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

Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $73.38.

UPST has been the topic of several recent analyst reports. Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $12.00 to $70.00 in a research note on Friday, February 14th. Needham & Company LLC lifted their price target on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group boosted their price target on shares of Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a report on Wednesday, February 12th. Barclays raised their price objective on Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $57.00 to $79.00 in a report on Wednesday, February 12th.

Insider Buying and Selling

In related news, insider Natalia Mirgorodskaya sold 794 shares of Upstart stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $62,741.88. Following the completion of the transaction, the insider now owns 21,985 shares in the company, valued at approximately $1,737,254.70. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 57,138 shares in the company, valued at $3,576,838.80. This represents a 42.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,062 shares of company stock worth $5,247,182. Insiders own 18.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UPST. Blair William & Co. IL acquired a new position in shares of Upstart in the fourth quarter valued at $222,000. Union Bancaire Privee UBP SA bought a new stake in shares of Upstart during the 4th quarter worth about $2,057,000. Y Intercept Hong Kong Ltd acquired a new position in Upstart in the 3rd quarter valued at about $430,000. Geode Capital Management LLC raised its holdings in Upstart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock valued at $72,702,000 after acquiring an additional 29,482 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in Upstart during the fourth quarter worth approximately $271,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Upstart Stock Up 20.2 %

UPST stock opened at $43.14 on Thursday. Upstart has a twelve month low of $20.60 and a twelve month high of $96.43. The company has a market cap of $4.04 billion, a P/E ratio of -29.55 and a beta of 2.39. The business’s fifty day moving average is $58.19 and its 200-day moving average is $60.38.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. Research analysts anticipate that Upstart will post -0.03 earnings per share for the current fiscal year.

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.