Upstart Holdings, Inc. (NASDAQ:UPST) Receives Average Rating of "Hold" from Brokerages

Key Points

• Upstart Holdings, Inc. has received an average recommendation of "Hold" from 14 ratings firms, with one sell, seven hold, and six buy ratings, while the average price target among brokers is approximately $78.54.
• Insider trading activity includes CFO Sanjay Datta selling 13,473 shares at about $61.12 per share, and CEO Dave Girouard selling 41,667 shares at approximately $60.05, reflecting significant decreases in their ownership.
• Despite recent insider sales, institutional investors have increased their stakes, with Two Sigma Advisers LP raising its holdings by 190.2% in the fourth quarter, resulting in a total of approximately $105.24 million in shares owned.

Shares of Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) have been given an average recommendation of "Hold" by the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $78.5385.

A number of research analysts have recently issued reports on the company. Stephens assumed coverage on Upstart in a research report on Thursday, June 12th. They set an "equal weight" rating and a $55.00 target price on the stock. Morgan Stanley reiterated an "equal weight" rating on shares of Upstart in a research report on Wednesday, August 6th. Bank of America decreased their target price on Upstart from $88.00 to $87.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. The Goldman Sachs Group upgraded Upstart to a "sell" rating and set a $71.00 target price on the stock in a research report on Monday, July 14th. Finally, Piper Sandler increased their target price on Upstart from $75.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th.

Insiders Place Their Bets

In other Upstart news, CFO Sanjay Datta sold 13,473 shares of the firm's 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 owned 297,904 shares in the company, valued at approximately $18,207,892.48. This trade represents a 4.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $60.05, for a total value of $2,502,103.35. Following the completion of the transaction, the chief executive officer owned 52,614 shares in the company, valued at $3,159,470.70. The trade was a 44.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 200,081 shares of company stock worth $13,010,750. Corporate insiders own 16.67% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPST. Two Sigma Advisers LP lifted its holdings in Upstart by 190.2% in the 4th quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company's stock valued at $105,242,000 after purchasing an additional 1,120,300 shares in the last quarter. Norges Bank purchased a new position in Upstart in the 2nd quarter valued at $67,777,000. Mane Global Capital Management LP purchased a new position in Upstart in the 2nd quarter valued at $43,576,000. Man Group plc purchased a new position in Upstart in the 4th quarter valued at $36,464,000. Finally, Invesco Ltd. lifted its holdings in Upstart by 79.0% in the 1st quarter. Invesco Ltd. now owns 1,270,352 shares of the company's stock valued at $58,474,000 after purchasing an additional 560,668 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Upstart Trading Up 1.6%

Upstart stock opened at $66.90 on Friday. Upstart has a 12 month low of $31.40 and a 12 month high of $96.43. The stock's 50 day simple moving average is $72.91 and its two-hundred day simple moving average is $58.47. The firm has a market cap of $6.44 billion, a PE ratio of -836.25 and a beta of 2.37.

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