Analysts Anticipate Upstart Holdings, Inc. (NASDAQ:UPST) to Post $0.39 Earnings Per Share

Brokerages expect that Upstart Holdings, Inc. (NASDAQ:UPST – Get Rating) will report earnings per share of $0.39 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Upstart’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.25. Upstart reported earnings per share of $0.62 during the same quarter last year, which suggests a negative year-over-year growth rate of 37.1%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Upstart will report full-year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.58 to $2.16. For the next fiscal year, analysts anticipate that the business will post earnings of $2.49 per share, with EPS estimates ranging from $1.70 to $3.13. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Upstart.

Upstart (NASDAQ:UPST – Get Rating) last released its quarterly earnings data on Monday, May 9th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. Upstart had a return on equity of 20.27% and a net margin of 15.23%. The firm had revenue of $310.14 million for the quarter, compared to the consensus estimate of $300.13 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The firm’s revenue was up 155.6% on a year-over-year basis.

Several research analysts recently commented on UPST shares. Piper Sandler cut Upstart from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $230.00 to $44.00 in a research report on Tuesday, May 10th. FBN Securities initiated coverage on Upstart in a research note on Tuesday, April 12th. They issued an “outperform” rating and a $150.00 target price for the company. Zacks Investment Research upgraded Upstart from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley cut their price objective on Upstart from $115.00 to $88.00 in a report on Wednesday, May 4th. Finally, The Goldman Sachs Group cut Upstart from a “buy” rating to a “neutral” rating and cut their price objective for the company from $250.00 to $40.00 in a report on Tuesday, May 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $114.00.

Upstart stock traded down $6.88 during trading hours on Friday, reaching $44.70. 23,539,280 shares of the company were exchanged, compared to its average volume of 15,356,395. Upstart has a 12 month low of $25.43 and a 12 month high of $401.49. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 27.26 and a beta of 1.14. The stock has a 50-day moving average of $86.10 and a 200 day moving average of $129.36.

In other Upstart news, CEO Dave Girouard sold 83,333 shares of the company’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $108.39, for a total value of $9,032,463.87. Following the completion of the transaction, the chief executive officer now owns 87,114 shares of the company’s stock, valued at approximately $9,442,286.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Alison Nicoll sold 7,500 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $48.75, for a total value of $365,625.00. Following the completion of the transaction, the general counsel now directly owns 274,155 shares of the company’s stock, valued at approximately $13,365,056.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,308 shares of company stock valued at $20,564,172. Corporate insiders own 18.87% of the company’s stock.

Several hedge funds have recently modified their holdings of UPST. Moors & Cabot Inc. bought a new position in Upstart in the third quarter worth approximately $25,000. Outfitter Financial LLC bought a new position in Upstart in the fourth quarter worth approximately $25,000. SJS Investment Consulting Inc. bought a new position in Upstart in the first quarter worth approximately $25,000. Tyler Stone Wealth Management bought a new position in Upstart in the fourth quarter worth approximately $26,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Upstart in the fourth quarter worth approximately $26,000. 59.65% of the stock is owned by institutional investors.

About Upstart (Get Rating)

Upstart Holdings, Inc operates a cloud- based artificial intelligence (AI) lending platform in the United States. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform.

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