Analysts Set Upstart Holdings, Inc. (NASDAQ:UPST) PT at $73.38

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have earned an average rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $73.38.

A number of analysts recently commented on the company. Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $105.00 price target (up previously from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. Wedbush raised their price target on Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Citigroup raised their price objective on Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Needham & Company LLC raised their price objective on Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th.

Insider Activity

In other news, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the completion of the transaction, the chief executive officer now directly owns 57,138 shares in the company, valued at $3,576,838.80. This trade represents a 42.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalia Mirgorodskaya sold 794 shares of Upstart stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $62,741.88. Following the completion of the sale, the insider now owns 21,985 shares of the company’s stock, valued at $1,737,254.70. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,062 shares of company stock worth $5,247,182 over the last three months. 18.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Upstart

A number of hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its position in Upstart by 0.7% in the 4th quarter. California State Teachers Retirement System now owns 71,330 shares of the company’s stock worth $4,392,000 after buying an additional 503 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Upstart in the 4th quarter worth about $284,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Upstart during the 4th quarter valued at about $6,900,000. Mackenzie Financial Corp purchased a new stake in shares of Upstart during the 4th quarter valued at about $62,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Upstart during the 4th quarter valued at about $493,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Stock Performance

NASDAQ:UPST opened at $51.96 on Friday. The business has a 50 day moving average price of $64.09 and a 200-day moving average price of $59.72. Upstart has a fifty-two week low of $20.60 and a fifty-two week high of $96.43. The firm has a market cap of $4.87 billion, a PE ratio of -35.59 and a beta of 2.25.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. Research analysts predict 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.