Upstart Holdings, Inc. (NASDAQ:UPST) Receives $73.38 Average Price Target from Analysts

Upstart Holdings, Inc. (NASDAQ:UPST) has earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have given 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 $73.38.

A number of analysts recently commented on the stock. Bank of America lifted their target price on shares of Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 12th. Needham & Company LLC raised their target price on Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group upped their target price on Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, February 12th. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Finally, Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $12.00 to $70.00 in a research note on Friday, February 14th.

Insider Activity at Upstart

In other news, Director Kerry Whorton Cooper sold 500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $74.59, for a total value of $37,295.00. Following the completion of the sale, the director now directly owns 17,961 shares of the company’s stock, valued at approximately $1,339,710.99. This represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Datta sold 16,070 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $1,269,851.40. Following the sale, the chief financial officer now directly owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 167,181 shares of company stock valued at $11,664,466 in the last three months. 18.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Upstart

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of Upstart by 125.3% during the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after purchasing an additional 550 shares during the period. Castleview Partners LLC boosted its holdings in Upstart by 21,610.0% during the third quarter. Castleview Partners LLC now owns 2,171 shares of the company’s stock worth $87,000 after buying an additional 2,161 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Upstart during the third quarter worth about $235,000. International Assets Investment Management LLC increased its holdings in Upstart by 4,087.8% in the third quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock valued at $9,333,000 after buying an additional 227,688 shares in the last quarter. Finally, Bristlecone Advisors LLC acquired a new stake in shares of Upstart during the 3rd quarter valued at approximately $258,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Trading Down 5.1 %

Shares of UPST opened at $66.91 on Wednesday. The firm has a market cap of $6.27 billion, a PE ratio of -45.83 and a beta of 2.25. Upstart has a 12 month low of $20.60 and a 12 month high of $96.43. The stock has a fifty day moving average price of $67.77 and a 200-day moving average price of $58.01.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating 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%. As a group, research 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.