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

Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $73.38.

A number of equities research analysts recently weighed in on the company. Morgan Stanley upgraded Upstart from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $12.00 to $70.00 in a research note on Friday, February 14th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $57.00 to $79.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, February 12th. Wedbush upped their price objective on Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Finally, Citigroup upped their price objective on Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th.

Upstart Trading Down 4.5 %

UPST opened at $47.79 on Friday. Upstart has a 12-month low of $20.60 and a 12-month high of $96.43. The business’s fifty day simple moving average is $64.56 and its 200-day simple moving average is $59.64. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of -32.73 and a beta of 2.25.

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

Insider Transactions at Upstart

In other news, insider Natalia Mirgorodskaya sold 794 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $62,741.88. Following the completion of the transaction, the insider now directly owns 21,985 shares in the company, valued at $1,737,254.70. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dave Girouard sold 4,524 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.01, for a total value of $357,441.24. Following the completion of the transaction, the chief executive officer now owns 52,614 shares of the company’s stock, valued at approximately $4,157,032.14. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,062 shares of company stock worth $5,247,182 over the last three months. 18.06% of the stock is currently owned by insiders.

Institutional Trading of Upstart

Several hedge funds and other institutional investors have recently bought and sold shares of UPST. Two Sigma Advisers LP grew its holdings in Upstart by 190.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company’s stock worth $105,242,000 after acquiring an additional 1,120,300 shares during the period. Marshall Wace LLP grew its holdings in Upstart by 300.2% during the fourth quarter. Marshall Wace LLP now owns 1,061,512 shares of the company’s stock worth $65,357,000 after acquiring an additional 796,252 shares during the period. Fred Alger Management LLC grew its holdings in Upstart by 153.2% during the third quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock worth $49,886,000 after acquiring an additional 754,416 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Upstart during the fourth quarter worth about $43,697,000. Finally, Invesco Ltd. grew its holdings in Upstart by 886.0% during the fourth quarter. Invesco Ltd. now owns 709,684 shares of the company’s stock worth $43,695,000 after acquiring an additional 637,706 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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.