Upstart Holdings, Inc. (NASDAQ:UPST) Receives $44.40 Consensus Target Price from Brokerages

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have been assigned an average rating of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $44.40.

A number of research firms have weighed in on UPST. BTIG Research reiterated a “buy” rating and issued a $43.00 price target on shares of Upstart in a research report on Wednesday, August 5th. B. Riley Financial lowered their price objective on Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Mizuho set a $45.00 price target on Upstart in a research note on Friday, May 8th. Weiss Ratings raised shares of Upstart from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Finally, Morgan Stanley set a $35.00 price objective on shares of Upstart in a research report on Thursday, May 7th.

Insiders Place Their Bets

In other Upstart news, CFO Andrea Blankmeyer sold 3,000 shares of Upstart stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $29.33, for a total value of $87,990.00. Following the sale, the chief financial officer directly owned 152,208 shares in the company, valued at approximately $4,464,260.64. The trade was a 1.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanjay Datta sold 8,945 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $28.09, for a total transaction of $251,265.05. Following the completion of the sale, the insider owned 292,578 shares in the company, valued at approximately $8,218,516.02. The trade was a 2.97% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 46,739 shares of company stock worth $1,396,813. 17.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cresset Asset Management LLC boosted its position in shares of Upstart by 3.3% in the second quarter. Cresset Asset Management LLC now owns 5,241 shares of the company’s stock valued at $339,000 after acquiring an additional 169 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Upstart by 29.1% during the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock valued at $69,000 after buying an additional 241 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of Upstart by 5.3% in the second quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock valued at $349,000 after buying an additional 272 shares during the period. California State Teachers Retirement System lifted its stake in shares of Upstart by 0.4% in the second quarter. California State Teachers Retirement System now owns 76,368 shares of the company’s stock valued at $4,939,000 after buying an additional 332 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Upstart by 20.0% in the first quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock valued at $92,000 after buying an additional 333 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Stock Up 2.3%

NASDAQ UPST opened at $30.58 on Friday. Upstart has a 52 week low of $23.97 and a 52 week high of $76.95. The company has a market capitalization of $2.98 billion, a P/E ratio of 62.41, a price-to-earnings-growth ratio of 1.05 and a beta of 2.29. The stock’s 50-day moving average price is $30.83 and its 200-day moving average price is $30.12.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The firm had revenue of $364.71 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same period in the prior year, the company posted $0.36 earnings per share. The company’s revenue was up 41.9% compared to the same quarter last year. Research analysts anticipate that Upstart will post 0.72 EPS for the current year.

About Upstart

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.