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

Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $46.83.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $30.00 to $45.00 in a research report on Friday, November 8th. Wedbush lifted their price target on shares of Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $31.00 to $85.00 in a research report on Friday, November 8th. Mizuho lifted their price target on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $56.00 to $87.00 in a research report on Friday, November 8th.

Upstart Price Performance

Shares of NASDAQ:UPST opened at $68.36 on Monday. Upstart has a 12 month low of $20.60 and a 12 month high of $86.07. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of -35.42 and a beta of 1.97. The stock’s 50 day moving average price is $47.85 and its 200 day moving average price is $35.03.

Insider Buying and Selling at Upstart

In related news, Chief Legal Officer Scott Darling sold 9,000 shares of Upstart stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $45.00, for a total value of $405,000.00. Following the completion of the sale, the insider now owns 164,870 shares of the company’s stock, valued at approximately $7,419,150. The trade was a 5.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dave Girouard sold 3,361 shares of Upstart stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $38.35, for a total transaction of $128,894.35. Following the completion of the sale, the chief executive officer now directly owns 61,512 shares of the company’s stock, valued at approximately $2,358,985.20. The trade was a 5.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 356,126 shares of company stock valued at $16,558,090 in the last quarter. Company insiders own 18.06% of the company’s stock.

Institutional Investors Weigh In On Upstart

Several institutional investors and hedge funds have recently modified their holdings of the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of Upstart in the 3rd quarter valued at $430,000. MML Investors Services LLC lifted its stake in shares of Upstart by 7.7% in the 3rd quarter. MML Investors Services LLC now owns 43,912 shares of the company’s stock valued at $1,757,000 after purchasing an additional 3,133 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Upstart in the 3rd quarter valued at $427,000. Two Sigma Advisers LP lifted its position in Upstart by 689.5% during the 3rd quarter. Two Sigma Advisers LP now owns 589,000 shares of the company’s stock worth $23,566,000 after acquiring an additional 514,400 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Upstart during the 3rd quarter worth $676,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.