Upstart (NASDAQ:UPST) Price Target Raised to $8.00 at Compass Point

Upstart (NASDAQ:UPST – Get Rating) had its price objective upped by Compass Point from $6.00 to $8.00 in a research report report published on Tuesday, The Fly reports.

Several other equities research analysts also recently issued reports on UPST. Mizuho raised their target price on shares of Upstart from $14.00 to $16.00 in a research note on Wednesday, May 10th. Citigroup cut Upstart from a neutral rating to a sell rating in a research note on Wednesday, February 15th. Morgan Stanley boosted their price objective on shares of Upstart from $10.00 to $13.00 in a research note on Wednesday, May 10th. Piper Sandler raised their target price on Upstart from $16.00 to $17.00 in a research note on Wednesday, May 10th. Finally, Loop Capital raised Upstart from a hold rating to a buy rating and set a $24.00 target price for the company in a research note on Wednesday, February 15th. Nine investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Upstart has an average rating of Reduce and a consensus target price of $16.92.

Upstart Trading Down 6.0 %

NASDAQ:UPST opened at $25.98 on Tuesday. Upstart has a 1-year low of $11.93 and a 1-year high of $54.69. The stock has a market capitalization of $2.15 billion, a PE ratio of -7.87 and a beta of 1.46. The firm has a fifty day simple moving average of $16.12 and a 200 day simple moving average of $16.89.

Insider Transactions at Upstart

In other news, CFO Sanjay Datta sold 3,200 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $15.14, for a total value of $48,448.00. Following the completion of the sale, the chief financial officer now owns 280,670 shares in the company, valued at approximately $4,249,343.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 32,000 shares of company stock valued at $487,744 over the last ninety days. 18.45% of the stock is currently owned by insiders.

Institutional Trading of Upstart

A number of hedge funds and other institutional investors have recently made changes to their positions in UPST. Venturi Wealth Management LLC purchased a new stake in Upstart during the 1st quarter valued at about $25,000. Quantbot Technologies LP increased its stake in shares of Upstart by 85.7% in the 3rd quarter. Quantbot Technologies LP now owns 1,300 shares of the company’s stock worth $27,000 after acquiring an additional 600 shares in the last quarter. SkyView Investment Advisors LLC bought a new position in Upstart in the 1st quarter worth about $45,000. Money Concepts Capital Corp raised its holdings in Upstart by 18.6% in the 4th quarter. Money Concepts Capital Corp now owns 3,570 shares of the company’s stock worth $47,000 after acquiring an additional 560 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Upstart by 63.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,774 shares of the company’s stock valued at $50,000 after acquiring an additional 1,472 shares during the period. 37.43% of the stock is currently owned by institutional investors.

Upstart Company Profile

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Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.