Analysts Set Upstart Holdings, Inc. (NASDAQ:UPST) Price Target at $26.78

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) has earned a consensus rating of "Reduce" from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $26.78.

UPST has been the topic of a number of recent research reports. JMP Securities reiterated a "market perform" rating on shares of Upstart in a report on Wednesday, April 17th. Wedbush reiterated an "underperform" rating and set a $10.00 price objective on shares of Upstart in a research note on Wednesday, May 8th. Mizuho dropped their price target on shares of Upstart from $23.00 to $17.00 and set an "underperform" rating on the stock in a research report on Thursday, May 9th. Piper Sandler reiterated a "neutral" rating and issued a $28.00 price target on shares of Upstart in a research note on Tuesday, March 19th. Finally, Bank of America started coverage on shares of Upstart in a research note on Thursday, April 4th. They set an "underperform" rating and a $22.00 price objective on the stock.

Insiders Place Their Bets

In related news, insider Natalia Mirgorodskaya sold 2,500 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $25.48, for a total value of $63,700.00. Following the transaction, the insider now directly owns 29,165 shares in the company, valued at $743,124.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Natalia Mirgorodskaya sold 2,500 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $25.48, for a total transaction of $63,700.00. Following the sale, the insider now owns 29,165 shares of the company's stock, valued at $743,124.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction on Monday, March 11th. The shares were sold at an average price of $27.50, for a total value of $27,500.00. Following the completion of the transaction, the chief financial officer now directly owns 400,536 shares of the company's stock, valued at $11,014,740. The disclosure for this sale can be found here. Insiders have sold 145,419 shares of company stock worth $4,078,032 in the last 90 days. Company insiders own 18.06% of the company's stock.

Institutional Investors Weigh In On Upstart

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Upstart by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company's stock valued at $191,698,000 after acquiring an additional 115,057 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Upstart by 0.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,018,354 shares of the company's stock valued at $41,610,000 after buying an additional 5,875 shares in the last quarter. Northern Trust Corp grew its position in Upstart by 1.1% in the third quarter. Northern Trust Corp now owns 718,745 shares of the company's stock valued at $20,513,000 after acquiring an additional 8,091 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Upstart by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 573,176 shares of the company's stock valued at $23,420,000 after acquiring an additional 17,463 shares during the last quarter. Finally, Fred Alger Management LLC lifted its holdings in shares of Upstart by 121.9% in 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 during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Upstart Stock Up 0.6 %

Shares of UPST stock traded up $0.15 on Monday, hitting $25.56. 3,744,172 shares of the stock were exchanged, compared to its average volume of 6,614,715. Upstart has a fifty-two week low of $19.84 and a fifty-two week high of $72.58. The business has a 50-day moving average of $24.79 and a 200 day moving average of $29.34.

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.