Analysts Set Upstart Holdings, Inc. (NASDAQ:UPST) PT at $71.62

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) has been assigned a consensus rating of "Hold" from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $71.62.

Several equities research analysts recently weighed in on the stock. Bank of America raised shares of Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 price target for the company in a research report on Tuesday, April 29th. Barclays upped their target price on shares of Upstart from $42.00 to $47.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Morgan Stanley cut their target price on shares of Upstart from $70.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. 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. Finally, Piper Sandler upgraded shares of Upstart to an "overweight" rating and set a $75.00 price target on the stock in a research report on Tuesday, June 24th.

Insider Buying and Selling at Upstart

In other news, insider Natalia Mirgorodskaya sold 4,000 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 24,623 shares in the company, valued at approximately $1,971,563.61. This represents a 13.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $75.07, for a total value of $3,127,941.69. Following the completion of the sale, the chief executive officer owned 52,614 shares in the company, valued at approximately $3,949,732.98. The trade was a 44.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,650 shares of company stock worth $9,665,841 over the last ninety days. Company insiders own 16.67% of the company's stock.

Institutional Trading of Upstart

Institutional investors and hedge funds have recently made changes to their positions in the company. Two Sigma Advisers LP lifted its stake in shares of Upstart by 190.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company's stock worth $105,242,000 after purchasing an additional 1,120,300 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Upstart by 300.2% during the fourth quarter. Marshall Wace LLP now owns 1,061,512 shares of the company's stock worth $65,357,000 after purchasing an additional 796,252 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Upstart in the 4th quarter valued at $43,697,000. Fred Alger Management LLC raised its holdings in shares of Upstart by 53.6% during the fourth quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company's stock worth $117,914,000 after purchasing an additional 668,282 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Upstart by 886.0% during the fourth quarter. Invesco Ltd. now owns 709,684 shares of the company's stock valued at $43,695,000 after purchasing an additional 637,706 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Upstart Price Performance

Upstart stock traded up $0.78 during trading hours on Friday, reaching $78.36. The company had a trading volume of 3,903,489 shares, compared to its average volume of 6,858,070. Upstart has a 12-month low of $20.60 and a 12-month high of $96.43. The company has a 50-day moving average price of $59.38 and a 200 day moving average price of $57.35.

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

About Upstart

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.