Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned a consensus rating of “Hold” by the eleven analysts who currently cover the company, reports Marketbeat Ratings. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The 12-month average price target among analysts who updated their stock coverage in the last year is $266.00.
Several research companies commented on UPST. Wedbush began covering Upstart shares in a research note on Wednesday, December 22. They set a “neutral” rating and a price target of $160.00 on the stock. Bank of America downgraded Upstart’s shares from a “neutral” rating to an “underperforming” rating and set a price target of $300.00 for the stock. in a Monday, October 18, research note. JMP Securities cut its price target on Upstart’s stock from $327.00 to $315.00 and set a “market outperformance” rating on the stock in a Monday, Nov. 15, report. Citigroup upgraded Upstart’s shares from a “neutral” rating to a “buy” rating and set a target price of $350.00 on the stock in a report on Friday, Dec. 3. Finally, Piper Sandler cut her price target on Upstart shares from $300.00 to $223.00 and set an “overweight” rating on the stock in a Thursday, January 13 report.
UPST stock opened at $107.15 on Friday. The company has a market capitalization of $8.78 billion and a PE ratio of 133.94. Upstart has a one-year low of $42.51 and a one-year high of $401.49. The company’s 50-day moving average price is $162.85 and its two-hundred-day moving average price is $213.46.
Upstart Inc (NASDAQ:UPST) last released its quarterly results on Tuesday, November 9. The company reported EPS of $0.60 for the quarter, beating the consensus estimate of $0.21 by $0.39. The company posted revenue of $228.45 million for the quarter, versus a consensus estimate of $213.46 million. Upstart had a net margin of 12.30% and a return on equity of 15.32%. As a group, equity analysts expect Upstart to post EPS of 0.98 for the current fiscal year.
Separately, SVP Paul Gu sold 39,000 shares of the company in a transaction on Monday, November 15. The shares were sold at an average price of $244.94, for a total transaction of $9,552,660.00. The sale was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Additionally, CEO Dave Girouard sold 12,498 shares of the company in a trade on Monday, November 1. The shares were sold at an average price of $330.02, for a total transaction of $4,124,589.96. The disclosure of this sale can be found here. During the last quarter, insiders sold 1,682,866 shares of the company worth $341,756,829. 25.20% of the shares are currently held by insiders of the company.
Hedge funds have recently changed their positions in the business. Advisor Group Holdings Inc. increased its holdings of Upstart shares by 74.4% during Q3. Advisor Group Holdings Inc. now owns 28,046 shares of the company valued at $8,866,000 after purchasing an additional 11,964 shares in the last quarter. Credit Suisse AG bought a new position in shares of Upstart in the 2nd quarter for a value of approximately $8,866,000. Legal & General Group Plc raised its position in Upstart shares by 791.1% in the second quarter. Legal & General Group Plc now owns 9,392 shares in the company worth $1,173,000 after buying 8,338 more shares in the last quarter. First Bancorp Inc ME bought a new position in shares of Upstart in Q3 for a value of approximately $334,000. Finally, BlackRock Inc. increased its position in Upstart shares by 3.6% in the 2nd quarter. BlackRock Inc. now owns 613,850 shares of the company worth $76,672,000 after purchasing an additional 21,256 shares in the last quarter. Hedge funds and other institutional investors own 51.49% of the company’s shares.
Upstart Company Profile
Upstart Holdings, Inc operates a cloud-based artificial intelligence (AI) lending platform. The company’s platform aggregates consumer loan demand and connects it to its network of company-enabled AI banking partners. Its platform connects consumers, banks and institutional investors through a shared AI lending platform.
Further reading: Expiration of periods of silence
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