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

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) has received an average rating of "Hold" from the fourteen ratings firms that are covering the firm, MarketBeat reports. 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 company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $66.96.

A number of equities research analysts have recently commented on UPST shares. Needham & Company LLC reiterated a "buy" rating and set a $70.00 price objective on shares of Upstart in a research report on Monday, May 19th. Barclays increased their price objective on Upstart from $42.00 to $47.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Bank of America upgraded Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 price objective for the company in a research report on Tuesday, April 29th. The Goldman Sachs Group increased their price objective on Upstart from $15.00 to $16.50 and gave the company a "sell" rating in a research report on Thursday, May 8th. Finally, Stephens started coverage on Upstart in a research report on Thursday, June 12th. They set an "equal weight" rating and a $55.00 price objective for the company.

Upstart Price Performance

Shares of UPST stock opened at $59.07 on Tuesday. Upstart has a 12-month low of $20.60 and a 12-month high of $96.43. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of -78.76 and a beta of 2.29. The business has a 50 day simple moving average of $49.29 and a 200 day simple moving average of $57.18.

Upstart (NASDAQ:UPST - Get Free Report) last released its 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 firm had revenue of $213.37 million during the quarter, compared to the consensus estimate of $201.08 million. Upstart had a negative return on equity of 15.27% and a negative net margin of 9.20%. The firm'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 firm posted ($0.31) earnings per share. On average, equities analysts anticipate that Upstart will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Dave Girouard sold 41,667 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $60.11, for a total value of $2,504,603.37. Following the sale, the chief executive officer now directly owns 52,614 shares of the company's stock, valued at approximately $3,162,627.54. This trade represents a 44.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,340 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $44.19, for a total value of $59,214.60. Following the completion of the sale, the insider now directly owns 24,623 shares in the company, valued at approximately $1,088,090.37. This represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,783 shares of company stock valued at $3,257,814 over the last three months. 16.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Upstart

Several hedge funds have recently made changes to their positions in UPST. Rakuten Securities Inc. bought a new stake in shares of Upstart in the fourth quarter valued at about $31,000. Virtus Fund Advisers LLC bought a new stake in shares of Upstart in the fourth quarter valued at about $32,000. Farther Finance Advisors LLC lifted its stake in shares of Upstart by 24.2% in the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company's stock valued at $54,000 after buying an additional 172 shares during the period. Mackenzie Financial Corp bought a new position in Upstart during the fourth quarter worth about $62,000. Finally, GAMMA Investing LLC lifted its stake in 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. Institutional investors own 63.01% of the company's stock.

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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