Analysts Set Upstart Holdings, Inc. (NASDAQ:UPST) Price Target at $63.81

Shares of Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) have earned an average rating of "Hold" from the thirteen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $63.81.

UPST has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of Upstart from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. The Goldman Sachs Group raised their target price on shares of Upstart from $15.00 to $16.50 and gave the stock a "sell" rating in a research note on Thursday, May 8th. Piper Sandler reduced their price objective on shares of Upstart from $105.00 to $69.00 and set an "overweight" rating on the stock 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, Bank of America upgraded shares of Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 price objective on the stock in a research report on Tuesday, April 29th.

Upstart Price Performance

Shares of UPST traded down $0.02 on Friday, reaching $46.67. The company's stock had a trading volume of 3,721,870 shares, compared to its average volume of 6,753,503. Upstart has a 12-month low of $20.60 and a 12-month high of $96.43. The stock has a market capitalization of $4.44 billion, a P/E ratio of -31.97 and a beta of 2.39. The stock's 50 day simple moving average is $45.24 and its two-hundred day simple moving average is $59.43.

Upstart (NASDAQ:UPST - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.11. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. The company had revenue of $213.37 million for the quarter, compared to analysts' expectations of $201.08 million. During the same quarter last year, the business earned ($0.31) EPS. The firm's revenue was up 67.0% compared to the same quarter last year. Analysts expect that Upstart will post -0.03 earnings per share for the current year.

Insider Buying and Selling at Upstart

In related news, insider Natalia Mirgorodskaya sold 764 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $46.96, for a total transaction of $35,877.44. Following the sale, the insider now owns 25,963 shares in the company, valued at approximately $1,219,222.48. This represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sanjay Datta sold 13,512 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $46.97, for a total transaction of $634,658.64. Following the transaction, the chief financial officer now owns 311,356 shares in the company, valued at $14,624,391.32. This trade represents a 4.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,616 shares of company stock worth $729,751 over the last ninety days. Company insiders own 16.67% of the company's stock.

Hedge Funds Weigh In On Upstart

Hedge funds have recently added to or reduced their stakes in the company. Blair William & Co. IL bought a new position in Upstart during the 4th quarter valued at about $222,000. Vanguard Group Inc. grew its holdings in Upstart by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 7,793,452 shares of the company's stock valued at $479,843,000 after purchasing an additional 369,640 shares during the last quarter. Vontobel Holding Ltd. bought a new position in Upstart during the 4th quarter valued at about $234,000. Cerity Partners LLC bought a new position in Upstart during the 4th quarter valued at about $209,000. Finally, Symmetry Partners LLC bought a new position in Upstart during the 4th quarter valued at about $314,000. 63.01% of the stock is currently owned by institutional investors.

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.