Upstart (NASDAQ:UPST) Given Sell (E+) Rating at Weiss Ratings

Key Points

• Upstart has been given a "sell (e+)" rating by Weiss Ratings, indicating negative sentiment from analysts regarding its stock.
• Goldman Sachs has significantly lowered its target price for Upstart from $78.00 to $54.00, further highlighting a bearish outlook.
• Despite recent challenges, Upstart's latest earnings report showed a strong revenue increase of 101.6% year-over-year, with earnings per share exceeding analysts' expectations.

Upstart (NASDAQ:UPST - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities researchers at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

A number of other research analysts also recently commented on the company. The Goldman Sachs Group lowered their target price on Upstart from $78.00 to $54.00 and set a "sell" rating for the company in a research report on Monday, October 13th. Morgan Stanley reissued an "equal weight" rating on shares of Upstart in a research report on Wednesday, August 6th. Bank of America cut 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. JPMorgan Chase & Co. raised shares of Upstart from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $93.00 to $88.00 in a research note on Wednesday, August 20th. Finally, Piper Sandler set a $80.00 price objective on shares of Upstart in a research report on Monday. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Upstart has an average rating of "Hold" and a consensus target price of $78.83.

Upstart Trading Up 1.1%

UPST traded up $0.59 during trading on Friday, reaching $52.69. 6,110,786 shares of the company traded hands, compared to its average volume of 7,272,416. Upstart has a 12-month low of $31.40 and a 12-month high of $96.43. The firm has a fifty day simple moving average of $60.30 and a 200 day simple moving average of $59.12.

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

Insider Buying and Selling

In related news, Director Kerry Whorton Cooper sold 500 shares of Upstart stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total transaction of $34,605.00. Following the completion of the sale, the director owned 25,434 shares of the company's stock, valued at $1,760,287.14. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,439 shares of Upstart stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total value of $99,593.19. Following the sale, the insider directly owned 21,081 shares of the company's stock, valued at $1,459,016.01. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,214 shares of company stock valued at $6,803,558 over the last three months. Corporate insiders own 16.67% of the company's stock.

Institutional Trading of Upstart

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Upstart by 23.3% in the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company's stock valued at $77,000 after buying an additional 314 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Upstart by 175.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,712 shares of the company's stock valued at $585,000 after purchasing an additional 8,098 shares during the period. Oppenheimer Asset Management Inc. increased its position in Upstart by 1.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,352 shares of the company's stock worth $1,121,000 after purchasing an additional 322 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Upstart by 71.2% during the first quarter. Asset Management One Co. Ltd. now owns 2,010 shares of the company's stock worth $93,000 after purchasing an additional 836 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Upstart by 127.4% during the first quarter. International Assets Investment Management LLC now owns 12,630 shares of the company's stock worth $581,000 after purchasing an additional 7,076 shares during the period. 63.01% of the stock is currently owned by hedge funds and other 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.

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