Upstart (NASDAQ:UPST) Price Target Cut to $51.00 by Analysts at Mizuho

Upstart (NASDAQ:UPST) had its price objective decreased by Mizuho from $66.00 to $51.00 in a report released on Thursday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on UPST. Zacks Research cut Upstart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Upstart in a research note on Wednesday, March 11th. BTIG Research raised shares of Upstart from a “neutral” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Monday, March 16th. Compass Point upgraded shares of Upstart from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $30.00 in a research report on Tuesday, February 17th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Upstart in a research report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.00.

Upstart Trading Down 2.9%

Shares of UPST stock opened at $25.33 on Thursday. The company has a market cap of $2.48 billion, a P/E ratio of 60.31, a PEG ratio of 0.68 and a beta of 2.44. The firm has a fifty day moving average price of $33.32 and a 200 day moving average price of $43.75. Upstart has a 12 month low of $24.93 and a 12 month high of $87.30.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $296.09 million during the quarter, compared to the consensus estimate of $288.54 million. Upstart had a return on equity of 6.30% and a net margin of 5.13%.Upstart’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. On average, equities analysts forecast that Upstart will post -0.03 EPS for the current year.

Upstart announced that its board has approved a share buyback program on Thursday, February 19th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, CFO Sanjay Datta sold 7,982 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $29.86, for a total value of $238,342.52. Following the completion of the sale, the chief financial officer directly owned 276,688 shares of the company’s stock, valued at $8,261,903.68. This represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 9,481 shares of company stock valued at $282,201. 16.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Osbon Capital Management LLC acquired a new stake in shares of Upstart in the fourth quarter valued at approximately $49,000. World Investment Advisors purchased a new position in shares of Upstart during the fourth quarter worth approximately $434,000. EMC Capital Management increased its holdings in shares of Upstart by 12.2% in the 4th quarter. EMC Capital Management now owns 11,050 shares of the company’s stock valued at $483,000 after acquiring an additional 1,200 shares during the period. Rare Wolf Capital LLC acquired a new position in shares of Upstart in the 4th quarter valued at $616,000. Finally, Alpine Woods Capital Investors LLC purchased a new stake in Upstart in the 4th quarter valued at $752,000. Institutional investors and hedge funds 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.