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

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have received a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $73.38.

UPST has been the subject of several research analyst reports. Needham & Company LLC lifted their price objective on Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Wedbush upped their price objective on shares of Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Barclays lifted their target price on shares of Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. Finally, Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and increased their target price for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd.

Insiders Place Their Bets

In other Upstart news, CTO Paul Gu sold 4,019 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $75.00, for a total value of $301,425.00. Following the completion of the transaction, the chief technology officer now owns 863,065 shares in the company, valued at approximately $64,729,875. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the completion of the sale, the chief executive officer now directly owns 57,138 shares in the company, valued at $3,576,838.80. This represents a 42.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,786 shares of company stock valued at $9,025,638 in the last quarter. Insiders own 18.06% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Rakuten Securities Inc. bought a new position in shares of Upstart during the fourth quarter valued at approximately $31,000. Virtus Fund Advisers LLC purchased a new stake in shares of Upstart during the fourth quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Upstart during the third quarter valued at approximately $35,000. BNP Paribas purchased a new position in shares of Upstart in the third quarter worth $37,000. Finally, Hollencrest Capital Management purchased a new position in Upstart in the 3rd quarter worth about $40,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Upstart Stock Down 9.4 %

NASDAQ UPST opened at $71.77 on Wednesday. The company’s 50 day moving average is $68.36 and its 200-day moving average is $57.54. The firm has a market cap of $6.73 billion, a P/E ratio of -49.16 and a beta of 2.25. Upstart has a 12-month low of $20.60 and a 12-month high of $96.43.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. Equities analysts expect that Upstart will post -0.03 EPS for the current year.

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.