Upstart (NASDAQ:UPST) Announces Quarterly Earnings Results

Upstart (NASDAQ:UPST) posted its earnings results on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.46), FiscalAI reports. The company had revenue of $308.21 million for the quarter, compared to the consensus estimate of $301.30 million. Upstart had a net margin of 5.13% and a return on equity of 6.30%.

Upstart Trading Down 2.8%

Upstart stock traded down $0.91 during midday trading on Tuesday, hitting $31.17. The stock had a trading volume of 6,839,488 shares, compared to its average volume of 4,933,593. The firm’s fifty day moving average is $28.59 and its two-hundred day moving average is $38.44. The company has a market capitalization of $2.98 billion, a PE ratio of 74.21, a P/E/G ratio of 0.92 and a beta of 2.26. Upstart has a 52-week low of $23.97 and a 52-week high of $87.30.

Insider Transactions at Upstart

In related news, CFO Sanjay Datta sold 7,982 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $29.86, for a total value of $238,342.52. Following the completion of the sale, the chief financial officer directly owned 276,688 shares of the company’s stock, valued at approximately $8,261,903.68. This represents a 2.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 9,481 shares of company stock valued at $282,201. Corporate insiders own 16.67% of the company’s stock.

Institutional Investors Weigh In On Upstart

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC purchased a new stake in Upstart in the 2nd quarter worth approximately $217,000. Captrust Financial Advisors purchased a new stake in Upstart during the 2nd quarter valued at approximately $216,000. Acadian Asset Management LLC purchased a new stake in Upstart during the 1st quarter valued at approximately $208,000. NewEdge Advisors LLC grew its holdings in Upstart by 20.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock valued at $92,000 after buying an additional 333 shares in the last quarter. Finally, Wexford Capital LP purchased a new stake in Upstart during the 3rd quarter valued at approximately $77,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Upstart in a research report on Wednesday, March 11th. Compass Point raised shares of Upstart from a “sell” rating to a “neutral” rating and upped their price target for the company from $20.00 to $30.00 in a research report on Tuesday, February 17th. Mizuho reduced their price target on shares of Upstart from $66.00 to $51.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. Zacks Research raised shares of Upstart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, BTIG Research reaffirmed a “buy” rating and set a $43.00 price target on shares of Upstart in a research report on Thursday, April 9th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Upstart has an average rating of “Hold” and a consensus price target of $48.00.

Key Stories Impacting Upstart

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Partnership expansion — Upstart announced a partnership with Justice Federal Credit Union to expand access to its lending platform, a business-development move that could help originations and revenue growth over time. Upstart Holdings (UPST) Partners with Justice Federal Credit Union
• Neutral Sentiment: Mixed quarterly results — Upstart reported Q1 revenue of $308.2M (above street $301.3M) but posted an EPS loss of ($0.07) versus consensus $0.39, a sizable miss that suggests near-term profitability and cost dynamics remain a concern. Management materials and the press release provide more detail on drivers. Upstart Announces First Quarter 2026 Results
• Negative Sentiment: Multiple securities class-action notices and filings — Several law firms have issued lead-plaintiff notices and a class action has been filed for purchases between May 14 and Nov 4, 2025, increasing legal risk and investor uncertainty. UPST Investors Have Opportunity to Lead Upstart Holdings, Inc. Securities Fraud Lawsuit
• Negative Sentiment: Analyst cuts — Recent notes flagged lower price targets (Morgan Stanley and Goldman Sachs cuts were reported), which can pressure sentiment and reduce the analyst support that helped the stock rally earlier. UPST Investor Alert: Upstart Holdings Securities Fraud Lawsuit
• Negative Sentiment: Ongoing headlines from multiple plaintiff firms — Repeated alerts from several firms (Berger Montague, Rosen, Schall, Bernstein Liebhard, Gross, etc.) keep the story in the news cycle and may amplify downside by encouraging filings and settlements risk. UPST Investors Have Opportunity to Lead Upstart Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Upstart announced that its board has initiated a stock buyback program on Thursday, February 19th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Upstart Company Profile

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.