Upstart Holdings, Inc. (NASDAQ:UPST) Given Average Rating of "Hold" by Analysts

Key Points

• Upstart Holdings, Inc. has received an average recommendation of "Hold" from thirteen analysts, with one sell rating, seven holds, and five buys, leading to an average 12-month price target of $81.08.
• Insider trading saw substantial activity, with CFO Sanjay Datta selling 13,473 shares for approximately $823,470, while corporate insiders overall have sold a total of 151,881 shares in the last ninety days.
• Upstart reported a revenue increase of 101.6% year-over-year, outperforming estimates with earnings per share of $0.36, compared to a consensus estimate of $0.27.

Shares of Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) have earned an average recommendation of "Hold" from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $81.0833.

UPST has been the topic of a number of research analyst reports. The Goldman Sachs Group raised Upstart to a "sell" rating and set a $71.00 target price on the stock in a report on Monday, July 14th. JPMorgan Chase & Co. raised Upstart from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $93.00 to $88.00 in a report on Wednesday, August 20th. Stephens initiated coverage on Upstart in a report on Thursday, June 12th. They set an "equal weight" rating and a $55.00 target price on the stock. Piper Sandler lifted their target price on Upstart from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $82.00 target price (up from $70.00) on shares of Upstart in a report on Wednesday, August 6th.

Insiders Place Their Bets

In related news, CFO Sanjay Datta sold 13,473 shares of Upstart stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $61.12, for a total value of $823,469.76. Following the transaction, the chief financial officer directly owned 297,904 shares in the company, valued at $18,207,892.48. The trade was a 4.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Natalia Mirgorodskaya sold 4,000 shares of Upstart stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $80.07, for a total value of $320,280.00. Following the completion of the transaction, the insider owned 24,623 shares in the company, valued at $1,971,563.61. The trade was a 13.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,881 shares of company stock worth $10,251,780. Corporate insiders own 16.67% of the company's stock.

Hedge Funds Weigh In On Upstart

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Upstart by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 8,014,656 shares of the company's stock worth $368,915,000 after acquiring an additional 221,204 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Upstart by 3.8% during the second quarter. Geode Capital Management LLC now owns 2,009,116 shares of the company's stock valued at $129,965,000 after buying an additional 73,582 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Upstart by 79.0% during the first quarter. Invesco Ltd. now owns 1,270,352 shares of the company's stock valued at $58,474,000 after buying an additional 560,668 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Upstart by 71.5% during the first quarter. Driehaus Capital Management LLC now owns 1,215,237 shares of the company's stock valued at $55,937,000 after buying an additional 506,787 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Upstart by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,197,966 shares of the company's stock valued at $55,143,000 after buying an additional 44,635 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Upstart Price Performance

Shares of Upstart stock opened at $52.13 on Thursday. The business's fifty day moving average price is $68.09 and its two-hundred day moving average price is $58.77. The company has a market capitalization of $5.02 billion, a P/E ratio of -651.63 and a beta of 2.28. Upstart has a 1-year low of $31.40 and a 1-year high of $96.43.

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

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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