Upstart Holdings, Inc. (NASDAQ:UPST) Receives Consensus Rating of “Hold” from Analysts

Upstart Holdings, Inc. (NASDAQ:UPST) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $71.62.

A number of equities analysts have commented on the stock. Stephens assumed coverage on shares of Upstart in a research report on Thursday, June 12th. They issued an “equal weight” rating and a $55.00 price target on the stock. Piper Sandler upgraded shares of Upstart to an “overweight” rating and set a $75.00 price target on the stock in a research report on Tuesday, June 24th. Bank of America upgraded shares of Upstart from an “underperform” rating to a “neutral” rating and set a $53.00 price target on the stock in a research report on Tuesday, April 29th. Barclays boosted their price target on shares of Upstart from $42.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Finally, Morgan Stanley reduced their price target on shares of Upstart from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 7th.

Insider Buying and Selling

In related news, insider Natalia Mirgorodskaya sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $80.07, for a total transaction of $320,280.00. Following the completion of the sale, the insider directly owned 24,623 shares of the company’s stock, valued at $1,971,563.61. The trade was a 13.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sanjay Datta sold 13,512 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $46.97, for a total transaction of $634,658.64. Following the sale, the chief financial officer directly owned 311,356 shares of the company’s stock, valued at approximately $14,624,391.32. This trade represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,650 shares of company stock valued at $9,665,841 over the last ninety days. Insiders own 16.67% of the company’s stock.

Institutional Investors Weigh In On Upstart

A number of institutional investors and hedge funds have recently modified their holdings of UPST. Virtus Fund Advisers LLC bought a new stake in Upstart in the fourth quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its stake in Upstart by 24.2% in the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after purchasing an additional 172 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Upstart in the fourth quarter valued at approximately $62,000. GAMMA Investing LLC increased its stake in Upstart by 23.3% in the first quarter. GAMMA Investing LLC now owns 1,662 shares of the company’s stock valued at $77,000 after purchasing an additional 314 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Upstart by 385.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,950 shares of the company’s stock valued at $90,000 after purchasing an additional 1,548 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Upstart Price Performance

Shares of UPST opened at $78.36 on Friday. The company’s fifty day moving average price is $59.38 and its 200 day moving average price is $57.35. Upstart has a one year low of $20.60 and a one year high of $96.43. The company has a market capitalization of $7.46 billion, a PE ratio of -104.48 and a beta of 2.37.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.11. Upstart had a negative net margin of 9.20% and a negative return on equity of 15.27%. The company had revenue of $213.37 million for the quarter, compared to the consensus estimate of $201.08 million. During the same quarter in the previous year, the firm posted ($0.31) EPS. The business’s revenue was up 67.0% compared to the same quarter last year. Analysts anticipate that Upstart will post -0.03 earnings per share 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.