Upstart Holdings, Inc. (NASDAQ:UPST) Receives $26.00 Consensus Target Price from Analysts

Upstart Holdings, Inc. (NASDAQ:UPST) has received an average recommendation of “Reduce” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $26.00.

UPST has been the topic of several analyst reports. Bank of America began coverage on shares of Upstart in a research report on Thursday, April 4th. They set an “underperform” rating and a $22.00 price target on the stock. Mizuho upped their price target on Upstart from $19.00 to $23.00 and gave the stock an “underperform” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. lowered their price target on Upstart from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 14th. Piper Sandler restated a “neutral” rating and issued a $28.00 price objective on shares of Upstart in a research report on Tuesday, March 19th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Upstart in a research note on Wednesday, April 17th.

Insider Transactions at Upstart

In other news, CTO Paul Gu sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $26.31, for a total transaction of $1,578,600.00. Following the transaction, the chief technology officer now directly owns 893,596 shares in the company, valued at approximately $23,510,510.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Upstart news, CTO Paul Gu sold 60,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $26.31, for a total value of $1,578,600.00. Following the completion of the sale, the chief technology officer now directly owns 893,596 shares of the company’s stock, valued at approximately $23,510,510.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction on Monday, January 29th. The stock was sold at an average price of $32.62, for a total value of $32,620.00. Following the transaction, the chief financial officer now owns 356,090 shares in the company, valued at approximately $11,615,655.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,717 shares of company stock valued at $1,828,815. Corporate insiders own 18.06% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of Upstart during the 4th quarter worth approximately $25,000. CWM LLC grew its position in Upstart by 56.5% in the 3rd quarter. CWM LLC now owns 1,169 shares of the company’s stock valued at $33,000 after acquiring an additional 422 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Upstart in the third quarter valued at approximately $51,000. Strs Ohio acquired a new stake in Upstart during the 4th quarter worth approximately $57,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Upstart during the fourth quarter worth $61,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Upstart Stock Performance

Shares of UPST opened at $23.46 on Thursday. The company has a market capitalization of $2.06 billion, a P/E ratio of -8.09 and a beta of 1.94. Upstart has a fifty-two week low of $11.93 and a fifty-two week high of $72.58. The business’s 50-day moving average is $24.95 and its two-hundred day moving average is $29.38.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.05. The company had revenue of $140.31 million during the quarter, compared to the consensus estimate of $135.28 million. Upstart had a negative return on equity of 35.47% and a negative net margin of 46.76%. Analysts forecast that Upstart will post -2.19 EPS for the current year.

Upstart Company Profile

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.