Upstart (NASDAQ:UPST) Shares Gap Down – What’s Next?

Upstart Holdings, Inc. (NASDAQ:UPST) shares gapped down before the market opened on Tuesday . The stock had previously closed at $73.28, but opened at $69.09. Upstart shares last traded at $72.02, with a volume of 1,714,277 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on UPST shares. Needham & Company LLC restated a “buy” rating and set a $82.00 price objective (up previously from $70.00) on shares of Upstart in a research note on Wednesday, August 6th. The Goldman Sachs Group upgraded Upstart to a “sell” rating and set a $71.00 price objective for the company in a research note on Monday, July 14th. Barclays raised their price objective on Upstart from $42.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. JPMorgan Chase & Co. upgraded Upstart from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $93.00 to $88.00 in a research note on Wednesday, August 20th. Finally, Bank of America lowered their price objective on Upstart from $88.00 to $87.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $78.54.

Upstart Trading Down 4.6%

The business has a 50-day moving average price of $72.66 and a two-hundred day moving average price of $58.78. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of -873.06 and a beta of 2.37.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. The business had revenue of $257.29 million for the quarter, compared to analysts’ expectations of $225.35 million. Upstart had a negative return on equity of 5.95% and a negative net margin of 0.75%.The business’s quarterly revenue was up 101.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.17) EPS. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Transactions at Upstart

In related news, CEO Dave Girouard sold 41,667 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $63.27, for a total value of $2,636,271.09. Following the completion of the transaction, the chief executive officer directly owned 52,614 shares of the company’s stock, valued at $3,328,887.78. This represents a 44.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sanjay Datta sold 13,473 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $61.12, for a total value of $823,469.76. Following the completion of the transaction, the chief financial officer directly owned 297,904 shares of the company’s stock, valued at $18,207,892.48. This trade represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 193,142 shares of company stock worth $12,533,502. 16.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Upstart

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UPST. Price T Rowe Associates Inc. MD grew its holdings in Upstart by 16.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,356 shares of the company’s stock worth $3,470,000 after buying an additional 8,155 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Upstart in the 4th quarter worth approximately $250,000. Northern Trust Corp grew its holdings in Upstart by 16.2% in the 4th quarter. Northern Trust Corp now owns 782,557 shares of the company’s stock worth $48,182,000 after buying an additional 109,164 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in Upstart by 273.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 45,725 shares of the company’s stock worth $2,815,000 after buying an additional 33,465 shares in the last quarter. Finally, Comerica Bank grew its holdings in Upstart by 885.9% in the 4th quarter. Comerica Bank now owns 21,196 shares of the company’s stock worth $1,305,000 after buying an additional 19,046 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

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.