Upstart (NASDAQ:UPST) Board of Directors Announces Share Repurchase Program

Upstart (NASDAQ:UPST) declared that its Board of Directors has approved a share repurchase plan on Thursday, February 19th, RTT News reports. The company plans to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

UPST has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Upstart from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Piper Sandler reduced their price target 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. Compass Point upgraded shares of Upstart from a “sell” rating to a “neutral” rating and increased their price objective for the company from $20.00 to $30.00 in a report on Tuesday. Bank of America lowered their price objective on shares of Upstart from $81.00 to $71.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $56.00 target price on shares of Upstart in a research report on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Upstart currently has a consensus rating of “Hold” and a consensus price target of $49.50.

Upstart Trading Down 2.8%

Shares of UPST opened at $30.65 on Friday. The business’s 50-day moving average price is $43.30 and its 200 day moving average price is $50.85. The stock has a market capitalization of $3.01 billion, a P/E ratio of 72.98, a P/E/G ratio of 0.82 and a beta of 2.38. Upstart has a 1-year low of $29.60 and a 1-year high of $87.30.

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

Insiders Place Their Bets

In other Upstart news, insider Natalia Mirgorodskaya sold 762 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $38.91, for a total transaction of $29,649.42. Following the completion of the sale, the insider directly owned 26,398 shares in the company, valued at approximately $1,027,146.18. This trade represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $75,000.00. Following the completion of the transaction, the director owned 23,934 shares in the company, valued at $1,196,700. This represents a 5.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.67% of the stock is owned by corporate insiders.

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.