Upstart (NASDAQ:UPST) Posts Earnings Results, Beats Estimates By $0.02 EPS

Upstart (NASDAQ:UPST) announced its earnings results on Tuesday. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02, Zacks reports. Upstart had a negative return on equity of 32.57% and a negative net margin of 30.15%. Upstart updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Upstart Stock Performance

Shares of UPST stock opened at $67.34 on Wednesday. The stock’s fifty day moving average price is $67.49 and its two-hundred day moving average price is $54.38. The company has a market cap of $6.14 billion, a PE ratio of -34.89 and a beta of 2.25. Upstart has a fifty-two week low of $20.60 and a fifty-two week high of $88.95.

Insider Buying and Selling at Upstart

In related news, CTO Paul Gu sold 87,600 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $69.39, for a total transaction of $6,078,564.00. Following the sale, the chief technology officer now owns 863,065 shares of the company’s stock, valued at $59,888,080.35. This trade represents a 9.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $65.41, for a total value of $2,725,438.47. Following the sale, the chief executive officer now directly owns 61,512 shares in the company, valued at approximately $4,023,499.92. This trade represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 347,868 shares of company stock valued at $24,056,862. 18.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $79.00 in a research note on Wednesday. B. Riley upgraded Upstart from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $105.00 in a research note on Wednesday. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and increased their target price for the stock from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Wedbush increased their target price on Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Finally, Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $56.00 to $87.00 in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.73.

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.