Upstart (NASDAQ:UPST) Earns Market Underperform Rating from Citizens Jmp

Upstart (NASDAQ:UPST)‘s stock had its “market underperform” rating restated by analysts at Citizens Jmp in a research report issued to clients and investors on Friday, Marketbeat.com reports. They currently have a $20.00 price target on the stock. Citizens Jmp’s price objective indicates a potential downside of 34.81% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Piper Sandler decreased their price objective on shares of Upstart from $80.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Truist Financial reduced their target price on Upstart from $59.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup lowered Upstart from a “buy” rating to a “strong sell” rating in a research report on Friday. Bank of America decreased their price objective on Upstart from $81.00 to $71.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Finally, Morgan Stanley set a $45.00 target price on Upstart in a research note on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.27.

Upstart Stock Performance

Shares of UPST stock opened at $30.68 on Friday. Upstart has a 1 year low of $29.61 and a 1 year high of $89.64. The business’s fifty day moving average is $44.63 and its 200-day moving average is $52.04. The stock has a market cap of $3.01 billion, a PE ratio of 73.05, a price-to-earnings-growth ratio of 0.52 and a beta of 2.38.

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

Insiders Place Their Bets

In other Upstart news, Director Kerry Whorton Cooper sold 1,500 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $50.00, for a total transaction of $75,000.00. Following the completion of the sale, the director directly owned 23,934 shares in the company, valued at $1,196,700. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Datta sold 13,624 shares of Upstart stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $36.58, for a total value of $498,365.92. Following the completion of the transaction, the chief financial officer owned 284,280 shares in the company, valued at $10,398,962.40. The trade was a 4.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,707 shares of company stock valued at $633,080 in the last quarter. Insiders own 16.67% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Clearstead Advisors LLC acquired a new stake in shares of Upstart in the third quarter worth $25,000. Quarry LP boosted its holdings in Upstart by 749.2% in the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after purchasing an additional 442 shares during the period. Bayforest Capital Ltd acquired a new stake in Upstart in the 4th quarter worth $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock worth $39,000 after purchasing an additional 439 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Upstart by 72.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 864 shares of the company’s stock valued at $56,000 after buying an additional 362 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

About Upstart

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.