Upstart (NASDAQ:UPST) Price Target Raised to $51.00

Upstart (NASDAQ:UPST) had its price target upped by Piper Sandler from $46.00 to $51.00 in a research report report published on Wednesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

Several other research firms have also issued reports on UPST. Mizuho set a $45.00 price target on shares of Upstart in a research report on Friday, May 8th. Morgan Stanley set a $35.00 price objective on shares of Upstart in a report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Upstart in a research note on Monday. Zacks Research raised shares of Upstart from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, BTIG Research reissued a “buy” rating and set a $43.00 price objective on shares of Upstart in a report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Upstart presently has an average rating of “Hold” and an average price target of $44.40.

Upstart Stock Performance

UPST opened at $31.09 on Wednesday. The firm has a market cap of $3.03 billion, a P/E ratio of 63.45, a PEG ratio of 0.81 and a beta of 2.29. The firm has a 50-day moving average of $31.19 and a 200 day moving average of $31.32. Upstart has a fifty-two week low of $23.97 and a fifty-two week high of $76.95.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The company had revenue of $364.71 million for the quarter, compared to analysts’ expectations of $354.74 million. During the same quarter last year, the business posted $0.36 EPS. The business’s quarterly revenue was up 41.9% on a year-over-year basis. Equities research analysts predict that Upstart will post 0.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Upstart news, insider Sanjay Datta sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total value of $456,150.00. Following the completion of the transaction, the insider owned 313,556 shares of the company’s stock, valued at $9,535,237.96. The trade was a 4.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Paul Gu purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $27.50 per share, for a total transaction of $1,375,000.00. Following the acquisition, the chief executive officer directly owned 70,000 shares in the company, valued at approximately $1,925,000. The trade was a 250.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 33,346 shares of company stock worth $991,672 over the last three months. Company insiders own 17.29% of the company’s stock.

Institutional Investors Weigh In On Upstart

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP grew its position in Upstart by 749.2% during the third quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after acquiring an additional 442 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Upstart in the fourth quarter worth $25,000. Northwestern Mutual Wealth Management Co. boosted its position in Upstart by 132.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after buying an additional 439 shares during the period. Empowered Funds LLC bought a new position in shares of Upstart during the fourth quarter valued at about $40,000. Finally, State of Wyoming bought a new position in shares of Upstart during the second quarter valued at about $61,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Upstart

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.