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Upstart (NASDAQ:UPST) Given a $71.00 Price Target by The Goldman Sachs Group Analysts

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The Goldman Sachs Group set a $71.00 price target on Upstart (NASDAQ:UPST - Free Report) in a research report report published on Monday morning, Marketbeat Ratings reports. The brokerage currently has a sell rating on the stock.

Several other equities analysts have also recently commented on UPST. Bank of America upgraded shares of Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 target price for the company in a research note on Tuesday, April 29th. Stephens assumed coverage on Upstart in a research note on Thursday, June 12th. They set an "equal weight" rating and a $55.00 price objective for the company. Piper Sandler upgraded shares of Upstart to an "overweight" rating and set a $75.00 target price on the stock in a research note on Tuesday, June 24th. Needham & Company LLC reiterated a "buy" rating and set a $70.00 target price on shares of Upstart in a research report on Monday, May 19th. Finally, Morgan Stanley reduced their price target on shares of Upstart from $70.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $71.62.

Read Our Latest Research Report on UPST

Upstart Price Performance

Upstart stock traded down $0.63 during trading hours on Monday, hitting $74.99. The company had a trading volume of 8,101,866 shares, compared to its average volume of 6,197,614. Upstart has a fifty-two week low of $20.60 and a fifty-two week high of $96.43. The firm has a market capitalization of $7.13 billion, a P/E ratio of -99.99 and a beta of 2.37. The firm's fifty day moving average is $56.64 and its 200-day moving average is $56.83.

Upstart (NASDAQ:UPST - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.11. The business had revenue of $213.37 million for the quarter, compared to the consensus estimate of $201.08 million. Upstart had a negative net margin of 9.20% and a negative return on equity of 15.27%. Upstart's revenue for the quarter was up 67.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.31) earnings per share. Analysts anticipate that Upstart will post -0.03 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Sanjay Datta sold 13,512 shares of Upstart stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $46.97, for a total value of $634,658.64. Following the completion of the sale, the chief financial officer directly owned 311,356 shares of the company's stock, valued at approximately $14,624,391.32. This trade represents a 4.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Natalia Mirgorodskaya sold 6,533 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $70.06, for a total value of $457,701.98. Following the transaction, the insider directly owned 24,623 shares in the company, valued at $1,725,087.38. This trade represents a 20.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,983 shares of company stock worth $6,537,899 in the last quarter. Insiders own 16.67% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Guided Capital Wealth Management LLC raised its stake in shares of Upstart by 1.7% during the second quarter. Guided Capital Wealth Management LLC now owns 36,437 shares of the company's stock worth $2,357,000 after buying an additional 609 shares during the last quarter. Kera Capital Partners Inc. grew its holdings in Upstart by 11.1% during the 2nd quarter. Kera Capital Partners Inc. now owns 20,410 shares of the company's stock worth $1,320,000 after acquiring an additional 2,039 shares during the period. Rhumbline Advisers grew its holdings in Upstart by 4.6% during the 1st quarter. Rhumbline Advisers now owns 117,307 shares of the company's stock worth $5,400,000 after acquiring an additional 5,160 shares during the period. Strs Ohio bought a new stake in shares of Upstart during the 1st quarter valued at $239,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Upstart in the 1st quarter valued at $208,000. Institutional investors own 63.01% of the company's stock.

Upstart Company Profile

(Get Free Report)

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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