Upstart (NASDAQ:UPST - Get Free Report) had its price objective dropped by equities research analysts at The Goldman Sachs Group from $28.00 to $24.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential upside of 1.33% from the stock's previous close.
Other equities analysts have also issued research reports about the company. Mizuho set a $35.00 target price on Upstart in a report on Wednesday. Citigroup reaffirmed a "market underperform" rating on shares of Upstart in a research report on Thursday, October 15th. Citizens Jmp cut their target price on Upstart from $20.00 to $18.00 and set a "market underperform" rating on the stock in a research report on Thursday, October 15th. B. Riley Financial reaffirmed a "buy" rating and issued a $42.00 price target (down from $54.00) on shares of Upstart in a report on Wednesday. Finally, Weiss Ratings lowered shares of Upstart from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, September 28th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $37.06.
Check Out Our Latest Stock Analysis on UPST
Upstart Trading Up 10.8%
NASDAQ:UPST traded up $2.31 during mid-day trading on Wednesday, hitting $23.68. The stock had a trading volume of 4,086,034 shares, compared to its average volume of 4,673,232. Upstart has a twelve month low of $20.59 and a twelve month high of $52.10. The stock has a 50-day simple moving average of $24.98 and a two-hundred day simple moving average of $29.76. The company has a market capitalization of $2.30 billion, a PE ratio of 48.32, a PEG ratio of 0.75 and a beta of 2.48.
Upstart (NASDAQ:UPST - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.13. Upstart had a net margin of 4.84% and a return on equity of 7.13%. The company had revenue of $370.52 million for the quarter, compared to the consensus estimate of $362.68 million. During the same period in the prior year, the firm posted $0.23 EPS. The company's quarterly revenue was up 33.7% compared to the same quarter last year. Sell-side analysts predict that Upstart will post 0.72 EPS for the current fiscal year.
Insider Transactions at Upstart
In related news, insider Sanjay Datta sold 116,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $27.29, for a total transaction of $3,165,640.00. Following the transaction, the insider owned 476,578 shares in the company, valued at $13,005,813.62. This trade represents a 19.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Paul Gu acquired 50,000 shares of the firm's stock in a transaction dated Thursday, September 10th. The stock was purchased at an average cost of $25.55 per share, with a total value of $1,277,500.00. Following the completion of the acquisition, the chief executive officer directly owned 130,000 shares of the company's stock, valued at approximately $3,321,500. This trade represents a 62.50% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 148,652 shares of company stock valued at $4,133,720 over the last quarter. Company insiders own 17.29% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of UPST. Dimensional Fund Advisors LP increased its holdings in shares of Upstart by 267.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company's stock valued at $26,234,000 after purchasing an additional 744,190 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Upstart in the 2nd quarter valued at about $9,681,000. Alberta Investment Management Corp purchased a new position in Upstart during the 2nd quarter valued at about $8,461,000. Maxi Investments CY Ltd acquired a new position in Upstart during the second quarter worth about $6,852,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Upstart by 654.0% in the third quarter. SBI Securities Co. Ltd. now owns 126,246 shares of the company's stock valued at $2,902,000 after purchasing an additional 109,502 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.
More Upstart News
Here are the key news stories impacting Upstart this week:
- Positive Sentiment: Upstart reported better-than-expected Q3 results, with revenue up about 34% year over year. Contribution profit reached a record, and its secured-loan business turned profitable—signs of improving business performance despite a challenging environment. 3 Key Takeaways From Upstart's Latest Report
- Neutral Sentiment: B. Riley and BTIG reaffirmed Buy ratings, while lowering their price targets to $42 and $40, respectively. The continued Buy ratings are supportive, but the target reductions signal more cautious expectations. B. Riley recommendations
- Negative Sentiment: Management lowered its 2026 outlook, citing macroeconomic risks, rising credit risk and higher funding costs. Balance-sheet pressure may constrain growth and profitability, tempering the positive impact of the Q3 beat. UPST Q3 Earnings Call Highlights Macro Risks and Revised Outlook
About Upstart
(
Get Free Report)
Upstart Holdings, Inc NASDAQ: UPST operates an artificial intelligence-powered lending marketplace. Its platform connects consumers seeking credit with banks and credit unions, using data-driven underwriting models designed to evaluate applicants beyond traditional credit-score-based methods.
The company provides technology for several lending categories, including personal loans, automotive retail and refinance lending, home equity lines of credit, and small-dollar lending. Upstart's platform supports financial institutions with application processing, risk assessment, loan origination, and related automation, while offering consumers a digital borrowing experience.
Founded in 2012, Upstart is headquartered in San Mateo, California, and primarily serves the United States.
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