Upstart Holdings, Inc. (NASDAQ:UPST) Receives $70.54 Average PT from Brokerages

Upstart Holdings, Inc. (NASDAQ:UPST) has received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $63.42.

Several analysts have recently commented on UPST shares. Morgan Stanley reduced their price target on Upstart from $70.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $57.00 to $79.00 in a research note on Wednesday, February 12th. Barclays decreased their price target on Upstart from $93.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Needham & Company LLC cut their price objective on shares of Upstart from $108.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Finally, Bank of America upgraded shares of Upstart from an “underperform” rating to a “neutral” rating and set a $53.00 target price for the company in a report on Tuesday, April 29th.

Insider Transactions at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 794 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $62,741.88. Following the transaction, the insider now owns 21,985 shares of the company’s stock, valued at $1,737,254.70. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dave Girouard sold 4,524 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.01, for a total value of $357,441.24. Following the sale, the chief executive officer now directly owns 52,614 shares in the company, valued at approximately $4,157,032.14. This represents a 7.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,395 shares of company stock valued at $2,638,828. Insiders own 16.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its stake in shares of Upstart by 3.1% in the fourth quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock valued at $339,000 after purchasing an additional 167 shares during the period. Farther Finance Advisors LLC grew its position in Upstart by 24.2% in the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after buying an additional 172 shares in the last quarter. Bailard Inc. increased its stake in Upstart by 0.5% during the 4th quarter. Bailard Inc. now owns 38,759 shares of the company’s stock valued at $2,386,000 after buying an additional 212 shares during the period. GAMMA Investing LLC lifted its stake in shares of Upstart by 19.9% in the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after acquiring an additional 224 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Upstart by 1.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 24,352 shares of the company’s stock valued at $1,121,000 after acquiring an additional 322 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Upstart Trading Down 1.7%

Shares of Upstart stock opened at $47.12 on Monday. The company has a fifty day simple moving average of $46.29 and a 200-day simple moving average of $60.41. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of -32.27 and a beta of 2.39. Upstart has a 12-month low of $20.60 and a 12-month high of $96.43.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.19 by $0.11. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. The company had revenue of $213.37 million for the quarter, compared to analyst estimates of $201.08 million. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The firm’s revenue was up 67.0% compared to the same quarter last year. On average, analysts forecast that Upstart will post -0.03 earnings per share for the current fiscal year.

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.