Upstart Holdings, Inc. (NASDAQ:UPST) Receives $43.75 Average Price Target from Brokerages

Upstart Holdings, Inc. (NASDAQ:UPST) has received a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $43.75.

Several equities analysts have recently issued reports on the company. BTIG Research reiterated a “buy” rating and issued a $43.00 price target on shares of Upstart in a research note on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Upstart in a research note on Tuesday, June 9th. Wall Street Zen upgraded Upstart from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Needham & Company LLC boosted their target price on Upstart from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Piper Sandler increased their target price on shares of Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th.

Insider Transactions at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 913 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total transaction of $27,417.39. Following the sale, the insider owned 35,875 shares of the company’s stock, valued at approximately $1,077,326.25. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrea Blankmeyer sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.33, for a total value of $87,990.00. Following the transaction, the chief financial officer owned 152,208 shares in the company, valued at $4,464,260.64. The trade was a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 148,652 shares of company stock valued at $4,133,720. Company insiders own 17.29% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new position in shares of Upstart during the second quarter valued at about $254,000. Gemmer Asset Management LLC grew its position in Upstart by 17.0% in the 2nd quarter. Gemmer Asset Management LLC now owns 29,707 shares of the company’s stock worth $1,053,000 after purchasing an additional 4,314 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Upstart in the 2nd quarter worth about $248,000. Corient Private Wealth LP purchased a new stake in Upstart in the 2nd quarter valued at about $2,074,000. Finally, Amundi bought a new position in shares of Upstart during the 2nd quarter worth approximately $348,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Price Performance

UPST stock opened at $25.58 on Thursday. Upstart has a one year low of $23.97 and a one year high of $66.73. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 52.20, a price-to-earnings-growth ratio of 0.88 and a beta of 2.16. The company has a fifty day moving average price of $28.52 and a two-hundred day moving average price of $29.54.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $364.71 million for the quarter, compared to analyst estimates of $354.74 million. Upstart had a return on equity of 7.13% and a net margin of 4.84%.The company’s revenue was up 41.9% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. Research analysts anticipate that Upstart will post 0.72 EPS for the current fiscal year.

Upstart Company Profile

Upstart Holdings, Inc is a financial technology company that operates an artificial intelligence-powered lending marketplace. Its platform connects consumers seeking credit with banks and credit unions, using alternative data and machine-learning models alongside traditional credit information to help lending partners evaluate applicants and originate loans.

The company’s offerings include technology for personal lending, auto lending and home equity lending. Upstart provides tools that support the application, underwriting and loan-origination process, while participating financial institutions generally fund and service the loans.