Analysts Set Upstart Holdings, Inc. (NASDAQ:UPST) Target Price at $61.80

Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $61.80.

A number of research firms recently issued reports on UPST. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $31.00 to $85.00 in a report on Friday, November 8th. Needham & Company LLC upgraded Upstart from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Friday, December 13th. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $95.00 in a research note on Tuesday, December 3rd. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. cut Upstart from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $45.00 to $57.00 in a report on Monday, December 2nd.

Upstart Trading Down 3.6 %

NASDAQ:UPST opened at $65.01 on Friday. Upstart has a 1-year low of $20.60 and a 1-year high of $88.95. The business’s 50-day moving average price is $69.35 and its two-hundred day moving average price is $51.42. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of -33.68 and a beta of 2.26.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.31). The business had revenue of $162.14 million for the quarter, compared to analyst estimates of $149.94 million. Upstart had a negative return on equity of 32.57% and a negative net margin of 30.15%. During the same period in the prior year, the business earned ($0.48) EPS. Sell-side analysts predict that Upstart will post -2.18 earnings per share for the current year.

Insider Transactions at Upstart

In related news, CTO Paul Gu sold 4,019 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $75.00, for a total transaction of $301,425.00. Following the sale, the chief technology officer now owns 863,065 shares in the company, valued at $64,729,875. The trade was a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 57,138 shares in the company, valued at $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 quarter, insiders sold 391,035 shares of company stock valued at $26,890,777. Corporate insiders own 18.06% of the company’s stock.

Institutional Investors Weigh In On Upstart

Hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in shares of Upstart in the 3rd quarter valued at about $334,000. Tyler Stone Wealth Management raised its stake in shares of Upstart by 94.1% in the third quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock worth $2,222,000 after purchasing an additional 26,917 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Upstart in the third quarter worth approximately $939,000. Quadrature Capital Ltd purchased a new stake in shares of Upstart in the third quarter worth approximately $676,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Upstart by 63.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock valued at $29,031,000 after acquiring an additional 282,481 shares in the last quarter. 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.