Piper Sandler Cuts Upstart (NASDAQ:UPST) Price Target to $56.00

Upstart (NASDAQ:UPST) had its price objective decreased by Piper Sandler from $80.00 to $56.00 in a research note published on Wednesday morning, Marketbeat.com reports. Piper Sandler currently has an overweight rating on the stock.

UPST has been the subject of a number of other reports. Morgan Stanley reissued an “equal weight” rating on shares of Upstart in a report on Wednesday, August 6th. BTIG Research reiterated a “neutral” rating on shares of Upstart in a report on Wednesday. Stephens cut their target price on shares of Upstart from $55.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $93.00 to $88.00 in a research report on Wednesday, August 20th. Finally, Bank of America dropped their price target on Upstart from $81.00 to $71.00 and set a “neutral” rating on the stock in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $64.58.

Upstart Price Performance

UPST opened at $38.60 on Wednesday. The business has a 50 day moving average price of $55.64 and a two-hundred day moving average price of $59.76. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 175.46 and a beta of 2.26. Upstart has a 1-year low of $31.40 and a 1-year high of $96.43.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The company had revenue of $277.11 million for the quarter, compared to the consensus estimate of $288.94 million. Upstart had a return on equity of 3.68% and a net margin of 3.33%.The company’s quarterly revenue was up 70.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) EPS. Upstart has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that Upstart will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Natalia Mirgorodskaya sold 1,439 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total value of $99,593.19. Following the completion of the transaction, the insider owned 21,081 shares of the company’s stock, valued at approximately $1,459,016.01. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Paul Gu sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $68.61, for a total transaction of $343,050.00. Following the sale, the chief technology officer directly owned 1,147,156 shares in the company, valued at approximately $78,706,373.16. This trade represents a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 106,214 shares of company stock valued at $6,803,558 over the last 90 days. 16.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UPST. Vanguard Group Inc. raised its position in Upstart by 2.8% during the first quarter. Vanguard Group Inc. now owns 8,014,656 shares of the company’s stock valued at $368,915,000 after buying an additional 221,204 shares during the period. Geode Capital Management LLC boosted its position in Upstart by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,009,116 shares of the company’s stock worth $129,965,000 after acquiring an additional 73,582 shares during the period. Invesco Ltd. grew its stake in Upstart by 79.0% during the 1st quarter. Invesco Ltd. now owns 1,270,352 shares of the company’s stock valued at $58,474,000 after acquiring an additional 560,668 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in shares of Upstart by 71.5% in the 1st quarter. Driehaus Capital Management LLC now owns 1,215,237 shares of the company’s stock valued at $55,937,000 after purchasing an additional 506,787 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Upstart by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,197,966 shares of the company’s stock worth $55,143,000 after purchasing an additional 44,635 shares in the last quarter. 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.