Upstart Holdings, Inc. (NASDAQ:UPST) Receives $31.50 Consensus PT from Brokerages

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have been assigned an average rating of “Reduce” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $31.50.

A number of brokerages have weighed in on UPST. Barclays lifted their price target on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Mizuho lifted their target price on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Wedbush upgraded Upstart from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $10.00 to $45.00 in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their target price on Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday, August 20th.

Upstart Price Performance

Shares of NASDAQ UPST opened at $53.13 on Thursday. The company has a 50-day simple moving average of $40.63 and a 200-day simple moving average of $30.41. The company has a market cap of $4.67 billion, a PE ratio of -25.79 and a beta of 2.01. Upstart has a 12 month low of $19.84 and a 12 month high of $57.40.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.22. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The business had revenue of $127.63 million during the quarter, compared to the consensus estimate of $124.55 million. During the same quarter in the previous year, the business earned ($0.34) earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, analysts anticipate that Upstart will post -2.39 EPS for the current year.

Insider Activity at Upstart

In other news, CFO Sanjay Datta sold 1,000 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $28.15, for a total transaction of $28,150.00. Following the transaction, the chief financial officer now directly owns 373,398 shares of the company’s stock, valued at approximately $10,511,153.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $28.15, for a total value of $28,150.00. Following the completion of the sale, the chief financial officer now owns 373,398 shares in the company, valued at approximately $10,511,153.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dave Girouard sold 3,361 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.35, for a total transaction of $128,894.35. Following the completion of the sale, the chief executive officer now directly owns 61,512 shares of the company’s stock, valued at $2,358,985.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 312,959 shares of company stock worth $13,641,350. 18.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Upstart

Several institutional investors have recently made changes to their positions in UPST. Anfield Capital Management LLC acquired a new stake in Upstart in the second quarter worth $33,000. Blue Trust Inc. grew its position in shares of Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after acquiring an additional 550 shares during the last quarter. Indiana Trust & Investment Management Co acquired a new stake in shares of Upstart in the 3rd quarter worth about $43,000. Benjamin F. Edwards & Company Inc. lifted its position in Upstart by 80.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after purchasing an additional 778 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Upstart by 259.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after purchasing an additional 1,590 shares during the last quarter. 63.01% of the stock is 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.