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

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $61.80.

Several research analysts have issued reports on UPST shares. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. lowered Upstart from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $45.00 to $57.00 in a report on Monday, December 2nd. Wedbush upped their price target on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $31.00 to $85.00 in a report on Friday, November 8th.

Insider Buying and Selling at Upstart

In other Upstart news, CTO Paul Gu sold 8,800 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $40.10, for a total transaction of $352,880.00. Following the transaction, the chief technology officer now owns 878,565 shares of the company’s stock, valued at approximately $35,230,456.50. This trade represents a 0.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Darling sold 1,300 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $40.01, for a total transaction of $52,013.00. Following the transaction, the insider now directly owns 161,043 shares in the company, valued at $6,443,330.43. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 489,468 shares of company stock worth $31,087,416 over the last 90 days. 18.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its position in shares of Upstart by 1,413.7% in the 3rd quarter. Tidal Investments LLC now owns 333,463 shares of the company’s stock worth $13,342,000 after buying an additional 311,434 shares during the last quarter. Synergy Financial Group LTD purchased a new stake in shares of Upstart in the 3rd quarter valued at $258,000. Orion Capital Management LLC boosted its holdings in shares of Upstart by 5.1% in the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock valued at $222,000 after acquiring an additional 270 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Upstart by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock worth $72,702,000 after buying an additional 29,482 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Upstart during the third quarter worth $430,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Price Performance

Shares of NASDAQ:UPST opened at $63.32 on Tuesday. The company has a market capitalization of $5.78 billion, a PE ratio of -32.81 and a beta of 2.19. The business has a fifty day moving average price of $67.43 and a 200-day moving average price of $45.62. Upstart has a 1-year low of $20.60 and a 1-year high of $88.95.

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.