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

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have received a consensus recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $61.80.

UPST has been the topic of a number of research analyst reports. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Needham & Company LLC raised shares of Upstart from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Friday, December 13th. JPMorgan Chase & Co. cut shares of Upstart from a “neutral” rating to an “underweight” rating and raised their target price for the company from $45.00 to $57.00 in a research note on Monday, December 2nd. Piper Sandler raised shares of 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 research note on Friday, November 8th. Finally, Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and raised their target price for the stock from $56.00 to $87.00 in a report on Friday, November 8th.

Upstart Stock Down 0.7 %

UPST opened at $66.07 on Friday. Upstart has a 52-week low of $20.60 and a 52-week high of $88.95. The company has a 50 day moving average of $69.17 and a two-hundred day moving average of $51.80. The company has a market cap of $6.03 billion, a P/E ratio of -34.23 and a beta of 2.26.

Upstart (NASDAQ:UPST) last announced its earnings results on Thursday, November 7th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.31). The firm had revenue of $162.14 million during the quarter, compared to analysts’ expectations of $149.94 million. Upstart had a negative net margin of 30.15% and a negative return on equity of 32.57%. During the same quarter last year, the company posted ($0.48) earnings per share. Research analysts anticipate that Upstart will post -2.18 earnings per share for the current year.

Insider Activity at Upstart

In related news, CFO Sanjay Datta sold 1,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $79.54, for a total transaction of $119,310.00. Following the transaction, the chief financial officer now owns 331,093 shares of the company’s stock, valued at approximately $26,335,137.22. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction on Friday, November 8th. The stock was sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the sale, the chief executive officer now owns 61,512 shares in the company, valued at $4,007,506.80. This represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 391,035 shares of company stock valued at $26,890,777. 18.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Upstart

Institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Upstart in the 3rd quarter valued at $35,000. BNP Paribas bought a new stake in Upstart during the 3rd quarter worth about $37,000. Blue Trust Inc. raised its holdings in 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. Hollencrest Capital Management bought a new stake in Upstart during the 3rd quarter worth about $40,000. Finally, Indiana Trust & Investment Management Co bought a new stake in Upstart during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.