Upstart Holdings, Inc. (NASDAQ:UPST) Receives $73.38 Average PT from Brokerages

Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $73.38.

Several analysts have issued reports on the company. Morgan Stanley upgraded Upstart from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $12.00 to $70.00 in a research note on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $79.00 in a report on Wednesday, February 12th. Barclays boosted their target price on shares of Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Wedbush raised their price target on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Finally, Bank of America raised their target price on Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 12th.

Upstart Stock Performance

Shares of UPST opened at $49.70 on Friday. The business’s 50 day moving average price is $64.20 and its two-hundred day moving average price is $59.51. Upstart has a 52-week low of $20.60 and a 52-week high of $96.43. The firm has a market cap of $4.66 billion, a PE ratio of -34.04 and a beta of 2.25.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. Research analysts predict that Upstart will post -0.03 EPS for the current fiscal year.

Insider Activity

In other news, insider Natalia Mirgorodskaya sold 794 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $62,741.88. Following the sale, the insider now directly owns 21,985 shares in the company, valued at approximately $1,737,254.70. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total value of $2,608,354.20. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,062 shares of company stock worth $5,247,182. 18.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Upstart

Large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in Upstart by 3.1% during the fourth quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock worth $339,000 after acquiring an additional 167 shares during the period. Farther Finance Advisors LLC grew its stake in Upstart by 24.2% during the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock worth $54,000 after purchasing an additional 172 shares in the last quarter. Bailard Inc. increased its holdings in shares of Upstart by 0.5% in the 4th quarter. Bailard Inc. now owns 38,759 shares of the company’s stock valued at $2,386,000 after acquiring an additional 212 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Upstart by 19.9% in the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock valued at $83,000 after purchasing an additional 224 shares during the period. Finally, Orion Capital Management LLC raised its holdings in shares of Upstart by 5.1% in the third quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock valued at $222,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Company Profile

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.