Shares of Upstart Holdings, Inc. (NASDAQ:UPST – Get Free Report) have received a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $45.20.
Several analysts have weighed in on UPST shares. Piper Sandler dropped their price objective on Upstart from $56.00 to $46.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Truist Financial set a $40.00 price target on shares of Upstart in a research report on Wednesday, May 6th. Citigroup reissued a “market underperform” rating on shares of Upstart in a research note on Thursday, June 11th. Morgan Stanley set a $35.00 price objective on shares of Upstart in a report on Thursday, May 7th. Finally, Needham & Company LLC raised their price objective on shares of Upstart from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday.
Read Our Latest Report on UPST
Upstart Stock Down 1.5%
Upstart (NASDAQ:UPST – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.46). Upstart had a net margin of 4.34% and a return on equity of 5.63%. The firm had revenue of $308.21 million during the quarter, compared to the consensus estimate of $301.30 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up 44.3% on a year-over-year basis. On average, equities research analysts expect that Upstart will post 0.92 EPS for the current year.
Insider Buying and Selling
In related news, insider Sanjay Datta sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total value of $456,150.00. Following the completion of the sale, the insider owned 313,556 shares in the company, valued at approximately $9,535,237.96. This represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Andrea Blankmeyer sold 7,044 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $29.63, for a total value of $208,713.72. Following the completion of the transaction, the chief financial officer directly owned 162,383 shares in the company, valued at $4,811,408.29. The trade was a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 33,346 shares of company stock worth $991,672 over the last 90 days. 17.29% of the stock is currently owned by corporate insiders.
Institutional Trading of Upstart
A number of institutional investors and hedge funds have recently modified their holdings of UPST. Bayforest Capital Ltd bought a new position in Upstart during the 4th quarter worth approximately $25,000. Quarry LP increased its stake 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 purchasing an additional 442 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Upstart by 132.2% in the third 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. Empowered Funds LLC acquired a new position in shares of Upstart in the 4th quarter valued at $40,000. Finally, Bogart Wealth LLC bought a new stake in shares of Upstart in the 4th quarter valued at $44,000. 63.01% of the stock is owned by institutional investors.
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.
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