Upstart (NASDAQ:UPST) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Upstart (NASDAQ:UPST) issued its quarterly earnings results on Tuesday. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02, Zacks reports. Upstart had a negative return on equity of 32.57% and a negative net margin of 30.15%. Upstart updated its Q1 2025 guidance to EPS.

Upstart Trading Down 5.1 %

Shares of NASDAQ UPST traded down $3.60 on Tuesday, reaching $67.34. 12,468,145 shares of the company traded hands, compared to its average volume of 4,342,878. Upstart has a fifty-two week low of $20.60 and a fifty-two week high of $88.95. The stock has a market capitalization of $6.14 billion, a PE ratio of -34.89 and a beta of 2.25. The company has a 50 day moving average of $67.60 and a 200 day moving average of $54.09.

Insider Transactions at Upstart

In other Upstart news, CFO Sanjay Datta sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.56, for a total value of $102,840.00. Following the completion of the transaction, the chief financial officer now owns 329,593 shares in the company, valued at $22,596,896.08. This represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $65.41, for a total value of $2,725,438.47. Following the completion of the transaction, the chief executive officer now directly owns 61,512 shares in the company, valued at approximately $4,023,499.92. The trade was a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 347,868 shares of company stock worth $24,056,862. 18.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UPST. Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $31.00 to $85.00 in a report on Friday, November 8th. Citigroup raised Upstart from a “neutral” rating to a “buy” rating and raised their target price for the company from $56.00 to $87.00 in a report on Friday, November 8th. Wedbush raised their target price on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. downgraded Upstart from a “neutral” rating to an “underweight” rating and raised their target price for the company from $45.00 to $57.00 in a report on Monday, December 2nd. Finally, Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $95.00 in a report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.80.

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.