Upstart (NASDAQ:UPST) Earns Buy Rating from Analysts at Truist Financial

Truist Financial initiated coverage on shares of Upstart (NASDAQ:UPST) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $59.00 target price on the stock.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. decreased their price target on Upstart from $88.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Stephens cut their price target on Upstart from $55.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Citigroup cut their target price on shares of Upstart from $100.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Bank of America cut their price target on Upstart from $81.00 to $71.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Finally, Piper Sandler decreased their price objective on shares of Upstart from $80.00 to $56.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $60.36.

Upstart Trading Up 0.6%

Shares of UPST stock opened at $50.61 on Tuesday. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 230.06 and a beta of 2.28. Upstart has a twelve month low of $31.40 and a twelve month high of $96.43. The stock has a fifty day simple moving average of $44.28 and a two-hundred day simple moving average of $58.03.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, November 4th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. Upstart had a net margin of 3.33% and a return on equity of 3.68%. The business had revenue of $258.54 million for the quarter, compared to the consensus estimate of $288.94 million. During the same quarter last year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 70.9% on a year-over-year basis. Research analysts predict that Upstart will post -0.03 EPS for the current fiscal year.

Insider Activity at Upstart

In other news, insider Natalia Mirgorodskaya sold 821 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $36.62, for a total transaction of $30,065.02. Following the sale, the insider owned 27,160 shares of the company’s stock, valued at approximately $994,599.20. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Datta sold 13,624 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $36.58, for a total transaction of $498,365.92. Following the completion of the transaction, the chief financial officer owned 284,280 shares of the company’s stock, valued at approximately $10,398,962.40. This trade represents a 4.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 16,707 shares of company stock worth $633,080. 16.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Upstart

Several hedge funds have recently made changes to their positions in UPST. Clearstead Advisors LLC purchased a new position in Upstart during the 3rd quarter worth approximately $25,000. Quarry LP lifted its holdings in Upstart by 749.2% in the third quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after acquiring an additional 442 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Upstart during the second quarter worth about $34,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Upstart by 132.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock worth $39,000 after acquiring an additional 439 shares during the period. Finally, Cornerstone Planning Group LLC raised its stake in shares of Upstart by 9,454.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,051 shares of the company’s stock worth $49,000 after buying an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Company Profile

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.