Analysts Set Upstart Holdings, Inc. (NASDAQ:UPST) PT at $73.38

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

Several research firms recently weighed in on UPST. B. Riley upgraded shares of Upstart from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $49.00 to $105.00 in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $57.00 to $79.00 in a report on Wednesday, February 12th. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price objective (up from $85.00) on shares of Upstart in a report on Wednesday, February 12th. Citigroup increased their target price on Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Barclays lifted their price target on Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th.

Insiders Place Their Bets

In related news, CFO Sanjay Datta sold 16,070 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the transaction, the chief financial officer now owns 295,537 shares in the company, valued at $23,353,333.74. The trade was a 5.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total value of $2,608,354.20. Following the transaction, the chief executive officer now directly owns 57,138 shares of the company’s stock, valued at $3,576,838.80. The trade was a 42.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,062 shares of company stock valued at $5,247,182 in the last ninety days. Company insiders own 18.06% of the company’s stock.

Hedge Funds Weigh In On Upstart

Hedge funds have recently made changes to their positions in the business. Two Sigma Advisers LP increased its position in shares of Upstart by 190.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company’s stock valued at $105,242,000 after buying an additional 1,120,300 shares during the period. Marshall Wace LLP boosted its position in Upstart by 300.2% during the 4th quarter. Marshall Wace LLP now owns 1,061,512 shares of the company’s stock valued at $65,357,000 after acquiring an additional 796,252 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Upstart during the 4th quarter worth approximately $43,697,000. Fred Alger Management LLC raised its position in shares of Upstart by 53.6% in the 4th quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company’s stock worth $117,914,000 after acquiring an additional 668,282 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Upstart by 886.0% in the 4th quarter. Invesco Ltd. now owns 709,684 shares of the company’s stock valued at $43,695,000 after purchasing an additional 637,706 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Upstart Trading Up 1.1 %

UPST stock opened at $38.99 on Thursday. The firm has a 50 day moving average of $57.21 and a 200-day moving average of $60.38. The firm has a market capitalization of $3.65 billion, a P/E ratio of -26.71 and a beta of 2.39. Upstart has a 12 month low of $20.60 and a 12 month high of $96.43.

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

About Upstart

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.