Analysts Set Upstart Holdings, Inc. (NASDAQ:UPST) Price Target at $73.38

Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $73.38.

A number of brokerages recently issued reports on UPST. B. Riley upgraded Upstart from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. Bank of America boosted their price objective on Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a research note on Wednesday, February 12th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Piper Sandler restated an “overweight” rating and issued a $105.00 price objective (up from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. Finally, Wedbush boosted their price objective on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd.

Upstart Price Performance

NASDAQ UPST opened at $71.77 on Wednesday. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of -49.16 and a beta of 2.25. Upstart has a one year low of $20.60 and a one year high of $96.43. The business’s fifty day moving average is $68.36 and its 200-day moving average is $57.13.

Upstart (NASDAQ:UPST) last released its 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%. Research analysts expect that Upstart will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Upstart news, Director Kerry Whorton Cooper sold 500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $74.59, for a total transaction of $37,295.00. Following the transaction, the director now directly owns 17,961 shares in the company, valued at $1,339,710.99. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,411 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $77.36, for a total transaction of $109,154.96. Following the transaction, the insider now owns 18,596 shares in the company, valued at $1,438,586.56. The trade was a 7.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,983 shares of company stock worth $13,598,414. Insiders own 18.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp purchased a new stake in shares of Upstart during the fourth quarter valued at approximately $62,000. Neo Ivy Capital Management purchased a new stake in shares of Upstart during the fourth quarter valued at approximately $493,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Upstart by 32.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,730 shares of the company’s stock valued at $8,973,000 after purchasing an additional 35,315 shares during the period. Virtus Fund Advisers LLC purchased a new stake in shares of Upstart during the fourth quarter valued at approximately $32,000. Finally, Virtus Investment Advisers Inc. purchased a new stake in shares of Upstart during the fourth quarter valued at approximately $332,000. 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.