Upstart Holdings, Inc. (NASDAQ:UPST) Given Consensus Rating of “Hold” by Brokerages

Upstart Holdings, Inc. (NASDAQ:UPST) has earned a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $73.38.

UPST has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and increased their price target for the stock from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Wedbush increased their price target on Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. Finally, Barclays increased their price target on Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday.

Upstart Trading Up 5.4 %

UPST stock opened at $86.89 on Wednesday. Upstart has a 1-year low of $20.60 and a 1-year high of $96.43. The firm has a market cap of $7.93 billion, a P/E ratio of -45.02 and a beta of 2.25. The business’s 50 day moving average is $68.47 and its 200-day moving average is $56.46.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 32.57% and a negative net margin of 30.15%. Sell-side analysts forecast that Upstart will post -2.18 EPS for the current year.

Insider Activity

In other news, CEO Dave Girouard sold 41,667 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total value of $2,608,354.20. Following the transaction, the chief executive officer now owns 57,138 shares of the company’s stock, valued at $3,576,838.80. This represents a 42.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Paul Gu sold 87,600 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $69.39, for a total value of $6,078,564.00. Following the completion of the transaction, the chief technology officer now directly owns 863,065 shares in the company, valued at approximately $59,888,080.35. This trade represents a 9.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 215,197 shares of company stock valued at $15,190,101 in the last 90 days. 18.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new position in shares of Upstart in the 3rd quarter valued at $334,000. Tyler Stone Wealth Management raised its stake in Upstart by 94.1% during the 3rd quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock worth $2,222,000 after buying an additional 26,917 shares during the period. Intech Investment Management LLC acquired a new stake in Upstart during the 3rd quarter worth $939,000. Quadrature Capital Ltd acquired a new stake in Upstart during the 3rd quarter worth $676,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Upstart by 63.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock worth $29,031,000 after buying an additional 282,481 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.