Analysts Set Upstart Holdings, Inc. (NASDAQ:UPST) PT at $26.00

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) has received an average rating of "Reduce" from the eleven brokerages that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $26.00.

A number of brokerages have commented on UPST. JPMorgan Chase & Co. lowered their target price on Upstart from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 14th. Piper Sandler reiterated a "neutral" rating and set a $28.00 price target on shares of Upstart in a research note on Tuesday, March 19th. Mizuho upped their price target on Upstart from $19.00 to $23.00 and gave the stock an "underperform" rating in a research note on Thursday, January 18th. Bank of America began coverage on Upstart in a research note on Thursday, April 4th. They set an "underperform" rating and a $22.00 price target for the company. Finally, JMP Securities reiterated a "market perform" rating on shares of Upstart in a research note on Wednesday, April 17th.

Upstart Trading Down 1.3 %

Shares of Upstart stock traded down $0.29 on Thursday, reaching $22.83. 2,862,128 shares of the company were exchanged, compared to its average volume of 6,696,392. The stock has a fifty day moving average price of $25.00 and a 200-day moving average price of $29.41. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -7.87 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.

Upstart (NASDAQ:UPST - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.05. Upstart had a negative return on equity of 35.47% and a negative net margin of 46.76%. The firm had revenue of $140.31 million for the quarter, compared to analyst estimates of $135.28 million. On average, equities analysts anticipate that Upstart will post -2.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Upstart news, CFO Sanjay Datta sold 1,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 356,090 shares in the company, valued at approximately $11,615,655.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Datta sold 1,000 shares of the firm's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $32.62, for a total value of $32,620.00. Following the sale, the chief financial officer now directly owns 356,090 shares of the company's stock, valued at $11,615,655.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,717 shares of company stock worth $1,828,815. 18.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Upstart

Several hedge funds and other institutional investors have recently made changes to their positions in UPST. Norges Bank acquired a new stake in shares of Upstart during the fourth quarter worth $19,017,000. Pathstone Family Office LLC bought a new position in Upstart during the third quarter worth about $11,332,000. International Assets Investment Management LLC lifted its holdings in Upstart by 3,532.7% during the fourth quarter. International Assets Investment Management LLC now owns 329,740 shares of the company's stock worth $13,473,000 after acquiring an additional 320,663 shares in the last quarter. Fred Alger Management LLC lifted its holdings in Upstart by 121.9% during the third quarter. Fred Alger Management LLC now owns 508,050 shares of the company's stock worth $14,500,000 after acquiring an additional 279,110 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Upstart by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 7,013,918 shares of the company's stock worth $286,589,000 after acquiring an additional 157,719 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

About Upstart

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.