Upstart (NASDAQ:UPST) Price Target Raised to $15.00

Upstart (NASDAQ:UPST) had its price objective lifted by The Goldman Sachs Group from $13.50 to $15.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a sell rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC increased their price objective on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $105.00 in a research report on Wednesday. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Bank of America increased their price objective on shares of Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $57.00 to $79.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Upstart currently has an average rating of “Hold” and an average price target of $68.92.

Upstart Trading Down 2.1 %

Shares of UPST opened at $82.42 on Wednesday. The stock has a market capitalization of $7.52 billion, a P/E ratio of -42.70 and a beta of 2.25. The firm’s fifty day simple moving average is $68.10 and its two-hundred day simple moving average is $55.22. Upstart has a 12 month low of $20.60 and a 12 month high of $96.43.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 30.15% and a negative return on equity of 32.57%. As a group, research analysts predict that Upstart will post -2.18 EPS for the current fiscal year.

Insider Buying and Selling at Upstart

In other Upstart news, CTO Paul Gu sold 87,600 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $69.39, for a total value of $6,078,564.00. Following the completion of the sale, the chief technology officer now owns 863,065 shares in the company, valued at approximately $59,888,080.35. This trade represents a 9.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the completion of the sale, the chief executive officer now owns 57,138 shares of the company’s stock, valued at approximately $3,576,838.80. This trade represents a 42.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 241,201 shares of company stock worth $17,003,724. Insiders own 18.06% of the company’s stock.

Institutional Investors Weigh In On Upstart

Large investors have recently modified their holdings of the stock. Rakuten Securities Inc. purchased a new stake in shares of Upstart during the 4th quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Upstart during the 3rd quarter worth approximately $35,000. BNP Paribas purchased a new stake in shares of Upstart during the 3rd quarter worth approximately $37,000. Blue Trust Inc. increased its stake in shares of Upstart by 125.3% during the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after purchasing an additional 550 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in shares of Upstart during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.