The Goldman Sachs Group Lowers Upstart (NASDAQ:UPST) Price Target to $54.00

Key Points

• Goldman Sachs has lowered Upstart's price target from $78.00 to $54.00, maintaining a "sell" rating, indicating an approximate upside potential of 8.83% from its previous close.
• Upstart's stock has seen various ratings changes, with analysts giving it a mix of buy, hold, and sell ratings, resulting in an average rating of "Hold" and a consensus target price of $79.67.
• Insider transactions have occurred recently, with CEO Dave Girouard selling 41,667 shares, representing a 44.19% decrease in his ownership stake.

Upstart (NASDAQ:UPST - Get Free Report) had its target price reduced by investment analysts at The Goldman Sachs Group from $78.00 to $54.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "sell" rating on the stock. The Goldman Sachs Group's price objective indicates a potential upside of 8.83% from the stock's previous close.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. upgraded shares of Upstart from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $93.00 to $88.00 in a research note on Wednesday, August 20th. Weiss Ratings restated a "sell (e+)" rating on shares of Upstart in a research note on Wednesday, October 8th. Needham & Company LLC restated a "buy" rating and set a $82.00 price target (up previously from $70.00) on shares of Upstart in a research note on Wednesday, August 6th. Bank of America decreased their price target on shares of Upstart from $88.00 to $87.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Finally, Piper Sandler boosted their price target on shares of Upstart from $75.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Upstart currently has an average rating of "Hold" and a consensus target price of $79.67.

Upstart Price Performance

UPST stock traded up $1.04 during trading on Monday, reaching $49.62. 3,962,461 shares of the company were exchanged, compared to its average volume of 6,513,800. Upstart has a twelve month low of $31.40 and a twelve month high of $96.43. The company has a 50-day moving average of $63.87 and a two-hundred day moving average of $58.89. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of -618.10 and a beta of 2.28.

Upstart (NASDAQ:UPST - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.09. The firm had revenue of $257.29 million for the quarter, compared to analyst estimates of $225.35 million. Upstart had a negative return on equity of 5.95% and a negative net margin of 0.75%.The business's revenue for the quarter was up 101.6% on a year-over-year basis. During the same period last year, the firm posted ($0.17) earnings per share. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts forecast that Upstart will post -0.03 EPS for the current year.

Insider Transactions at Upstart

In other Upstart news, CEO Dave Girouard sold 41,667 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $64.93, for a total transaction of $2,705,438.31. Following the sale, the chief executive officer owned 52,614 shares in the company, valued at $3,416,227.02. This trade represents a 44.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Paul Gu sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $68.61, for a total value of $343,050.00. Following the completion of the sale, the chief technology officer directly owned 1,147,156 shares of the company's stock, valued at approximately $78,706,373.16. This trade represents a 0.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,881 shares of company stock valued at $9,931,500. Company insiders own 16.67% of the company's stock.

Institutional Investors Weigh In On Upstart

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in Upstart in the 2nd quarter worth $34,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Upstart by 72.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 864 shares of the company's stock worth $56,000 after purchasing an additional 362 shares during the period. State of Wyoming purchased a new stake in shares of Upstart during the second quarter worth about $61,000. Daiwa Securities Group Inc. boosted its holdings in shares of Upstart by 29.1% during the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company's stock worth $69,000 after purchasing an additional 241 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Upstart by 23.3% during the first quarter. GAMMA Investing LLC now owns 1,662 shares of the company's stock worth $77,000 after purchasing an additional 314 shares during the period. 63.01% of the stock is currently owned by institutional investors.

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.

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