Upstart (NASDAQ:UPST) Stock Rating Upgraded by BTIG Research

BTIG Research upgraded shares of Upstart (NASDAQ:UPST) from a sell rating to a neutral rating in a research note released on Monday, MarketBeat.com reports.

UPST has been the subject of several other reports. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $30.00 to $45.00 in a research report on Friday, November 8th. Barclays raised their price target on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Wedbush increased their price objective on shares of Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $31.00 to $85.00 in a research note on Friday, November 8th. Finally, Mizuho upped their price target on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.83.

Upstart Stock Performance

NASDAQ UPST opened at $67.80 on Monday. The business has a fifty day moving average price of $45.91 and a two-hundred day moving average price of $34.26. Upstart has a fifty-two week low of $20.60 and a fifty-two week high of $86.07.

Insider Buying and Selling

In other news, insider Natalia Mirgorodskaya sold 1,264 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.36, for a total transaction of $48,487.04. Following the completion of the transaction, the insider now directly owns 24,557 shares in the company, valued at $942,006.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Scott Darling sold 1,300 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $40.01, for a total value of $52,013.00. Following the transaction, the insider now owns 161,043 shares in the company, valued at $6,443,330.43. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,264 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.36, for a total value of $48,487.04. Following the sale, the insider now owns 24,557 shares of the company’s stock, valued at approximately $942,006.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 356,126 shares of company stock valued at $16,558,090 over the last 90 days. 18.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC lifted its stake in Upstart by 13.6% in the first quarter. Private Advisor Group LLC now owns 17,936 shares of the company’s stock valued at $482,000 after buying an additional 2,149 shares during the period. Quantbot Technologies LP acquired a new position in shares of Upstart during the 1st quarter valued at $658,000. Swiss National Bank boosted its stake in Upstart by 1.6% during the first quarter. Swiss National Bank now owns 142,700 shares of the company’s stock worth $3,837,000 after acquiring an additional 2,200 shares in the last quarter. ProShare Advisors LLC grew its holdings in Upstart by 10.1% in the first quarter. ProShare Advisors LLC now owns 13,342 shares of the company’s stock worth $359,000 after purchasing an additional 1,219 shares during the period. Finally, Entropy Technologies LP bought a new stake in Upstart in the first quarter valued at $1,358,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.