Upstart Holdings, Inc. (NASDAQ:UPST) Given Consensus Rating of “Hold” by Brokerages

Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned an average rating of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $78.8333.

A number of analysts recently issued reports on the stock. Bank of America decreased their target price on shares of Upstart from $88.00 to $87.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price target (up previously from $70.00) on shares of Upstart in a report on Wednesday, August 6th. Piper Sandler set a $80.00 price objective on shares of Upstart in a research note on Monday, October 20th. The Goldman Sachs Group dropped their price objective on Upstart from $78.00 to $54.00 and set a “sell” rating for the company in a report on Monday, October 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Upstart in a report on Friday.

Insider Buying and Selling at Upstart

In other news, insider Natalia Mirgorodskaya sold 1,439 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total transaction of $99,593.19. Following the completion of the sale, the insider directly owned 21,081 shares in the company, valued at $1,459,016.01. This represents a 6.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kerry Whorton Cooper sold 500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total value of $34,605.00. Following the sale, the director owned 25,434 shares of the company’s stock, valued at approximately $1,760,287.14. The trade was a 1.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,214 shares of company stock worth $6,803,558. 16.67% of the stock is currently owned by company insiders.

Institutional Trading of Upstart

A number of institutional investors and hedge funds have recently made changes to their positions in UPST. Ameritas Advisory Services LLC acquired a new stake in shares of Upstart during the 2nd quarter worth $34,000. Steward Partners Investment Advisory LLC boosted its position in Upstart by 72.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 864 shares of the company’s stock worth $56,000 after purchasing an additional 362 shares during the period. State of Wyoming purchased a new stake in Upstart during the 2nd quarter worth $61,000. Daiwa Securities Group Inc. boosted its position in Upstart by 29.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after purchasing an additional 241 shares during the period. Finally, GAMMA Investing LLC boosted its position in Upstart by 23.3% during the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company’s stock worth $77,000 after purchasing an additional 314 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Upstart Stock Performance

Shares of NASDAQ UPST opened at $52.69 on Monday. Upstart has a 1 year low of $31.40 and a 1 year high of $96.43. The firm’s 50 day moving average price is $60.07 and its 200 day moving average price is $59.52. The firm has a market cap of $5.07 billion, a P/E ratio of -658.63 and a beta of 2.28.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. The firm had revenue of $257.29 million for the quarter, compared to analyst estimates of $225.35 million. During the same quarter last year, the business earned ($0.17) earnings per share. Upstart’s revenue was up 101.6% compared to the same quarter last year. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities 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.