Upstart Holdings, Inc. (NASDAQ:UPST) Given Average Rating of “Reduce” by Brokerages

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have earned a consensus recommendation of “Reduce” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $26.00.

A number of analysts recently commented on the stock. Mizuho boosted their target price on shares of Upstart from $19.00 to $23.00 and gave the stock an “underperform” rating in a report on Thursday, January 18th. Bank of America assumed coverage on shares of Upstart in a report on Thursday, April 4th. They issued an “underperform” rating and a $22.00 target price on the stock. JMP Securities reiterated a “market perform” rating on shares of Upstart in a report on Wednesday, April 17th. Piper Sandler reiterated a “neutral” rating and issued a $28.00 target price on shares of Upstart in a report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Upstart from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 14th.

Insider Activity at Upstart

In related news, CFO Sanjay Datta sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $32.62, for a total transaction of $32,620.00. Following the transaction, the chief financial officer now directly owns 356,090 shares of the company’s stock, valued at $11,615,655.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Upstart news, insider Scott Darling sold 1,298 shares of Upstart stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $35.38, for a total value of $45,923.24. Following the completion of the sale, the insider now directly owns 169,527 shares in the company, valued at $5,997,865.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $32.62, for a total transaction of $32,620.00. Following the completion of the sale, the chief financial officer now owns 356,090 shares of the company’s stock, valued at $11,615,655.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,717 shares of company stock valued at $1,828,815. Corporate insiders own 18.06% of the company’s stock.

Institutional Trading of Upstart

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in Upstart in the fourth quarter valued at approximately $25,000. CWM LLC lifted its stake in shares of Upstart by 56.5% in the third quarter. CWM LLC now owns 1,169 shares of the company’s stock worth $33,000 after buying an additional 422 shares during the last quarter. Strs Ohio acquired a new stake in shares of Upstart in the fourth quarter worth $57,000. ICA Group Wealth Management LLC acquired a new stake in shares of Upstart in the fourth quarter worth $61,000. Finally, BOCHK Asset Management Ltd acquired a new stake in shares of Upstart in the fourth quarter worth $61,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Upstart Trading Up 0.8 %

UPST stock opened at $23.12 on Thursday. Upstart has a 52 week low of $11.93 and a 52 week high of $72.58. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -7.97 and a beta of 1.94. The firm’s 50-day moving average is $25.09 and its two-hundred day moving average is $29.46.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, February 13th. The company reported ($0.51) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.05. Upstart had a negative net margin of 46.76% and a negative return on equity of 35.47%. The company had revenue of $140.31 million for the quarter, compared to the consensus estimate of $135.28 million. On average, equities research analysts predict that Upstart will post -2.19 earnings per share for the current 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.