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

Shares of Upstart Holdings, Inc. (NASDAQ:UPSTGet Free Report) have been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $61.80.

A number of research analysts have recently weighed in on UPST shares. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and raised their price target for the company from $56.00 to $87.00 in a report on Friday, November 8th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Wedbush increased their price objective on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Needham & Company LLC raised Upstart from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Friday, December 13th. Finally, Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $85.00 in a research report on Friday, November 8th.

Check Out Our Latest Research Report on Upstart

Insider Activity

In related news, CEO Dave Girouard sold 41,667 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 57,138 shares of the company’s stock, valued at approximately $3,576,838.80. This represents a 42.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kerry Whorton Cooper sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $74.59, for a total value of $37,295.00. Following the transaction, the director now directly owns 17,961 shares in the company, valued at $1,339,710.99. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 392,535 shares of company stock worth $26,968,327 over the last quarter. 18.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Upstart

A number of institutional investors and hedge funds have recently modified their holdings of UPST. Point72 Asia Singapore Pte. Ltd. acquired a new position in Upstart in the 3rd quarter valued at $35,000. BNP Paribas acquired a new position in shares of Upstart in the third quarter valued at about $37,000. Blue Trust Inc. increased its position in Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after acquiring an additional 550 shares during the period. Hollencrest Capital Management acquired a new stake in Upstart in the 3rd quarter worth about $40,000. Finally, Indiana Trust & Investment Management Co bought a new stake in Upstart in the 3rd quarter valued at about $43,000. 63.01% of the stock is owned by institutional investors.

Upstart Price Performance

Shares of UPST stock opened at $67.44 on Friday. Upstart has a fifty-two week low of $20.60 and a fifty-two week high of $88.95. The stock’s 50-day moving average is $69.41 and its two-hundred day moving average is $50.78. The firm has a market cap of $6.15 billion, a P/E ratio of -34.94 and a beta of 2.26.

Upstart (NASDAQ:UPSTGet Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.31). The firm had revenue of $162.14 million during the quarter, compared to analyst estimates of $149.94 million. Upstart had a negative return on equity of 32.57% and a negative net margin of 30.15%. During the same quarter in the prior year, the company posted ($0.48) EPS. As a group, research analysts expect that Upstart will post -2.18 EPS for the current year.

About Upstart

(Get Free Report

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.

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Analyst Recommendations for Upstart (NASDAQ:UPST)

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