Upstart Holdings, Inc. (NASDAQ:UPST) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have been given a consensus recommendation of “Hold” by the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $32.40.

A number of research firms recently commented on UPST. Piper Sandler upped their price objective on Upstart from $46.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Upstart from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Citigroup decreased their price target on shares of Upstart from $61.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. Mizuho set a $35.00 price objective on shares of Upstart in a research report on Wednesday, November 4th. Finally, Citizens Jmp decreased their target price on Upstart from $20.00 to $18.00 and set a “market underperform” rating on the stock in a report on Thursday, October 15th.

Upstart Stock Performance

Shares of NASDAQ:UPST opened at $19.15 on Friday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 2.00 and a beta of 2.48. The business has a 50-day simple moving average of $23.88 and a two-hundred day simple moving average of $28.89. Upstart has a fifty-two week low of $19.06 and a fifty-two week high of $52.10.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Upstart had a net margin of 4.86% and a return on equity of 9.67%. The firm had revenue of $370.52 million during the quarter, compared to analyst estimates of $362.68 million. During the same period in the previous year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. As a group, research analysts predict that Upstart will post 0.38 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Paul Gu acquired 50,000 shares of Upstart stock in a transaction dated Thursday, September 10th. The stock was purchased at an average cost of $25.55 per share, with a total value of $1,277,500.00. Following the completion of the purchase, the chief executive officer directly owned 130,000 shares in the company, valued at approximately $3,321,500. This trade represents a 62.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sanjay Datta sold 116,000 shares of Upstart stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $27.29, for a total transaction of $3,165,640.00. Following the transaction, the insider owned 476,578 shares in the company, valued at approximately $13,005,813.62. This trade represents a 19.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 148,652 shares of company stock valued at $4,133,720 in the last 90 days. Corporate insiders own 17.29% of the company’s stock.

Hedge Funds Weigh In On Upstart

A number of hedge funds have recently made changes to their positions in UPST. Asset Management One Co. Ltd. lifted its holdings in Upstart by 33.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,790 shares of the company’s stock worth $41,000 after purchasing an additional 446 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Upstart by 26.7% in the second quarter. Versant Capital Management Inc now owns 2,905 shares of the company’s stock worth $103,000 after buying an additional 612 shares in the last quarter. State of Wyoming boosted its position in shares of Upstart by 10.8% during the first quarter. State of Wyoming now owns 6,901 shares of the company’s stock worth $177,000 after acquiring an additional 674 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Upstart by 76.7% during the third quarter. Parallel Advisors LLC now owns 1,656 shares of the company’s stock worth $38,000 after acquiring an additional 719 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Upstart by 25.7% during the third quarter. Farther Finance Advisors LLC now owns 4,307 shares of the company’s stock valued at $99,000 after acquiring an additional 881 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Upstart Company Profile

Upstart Holdings, Inc. operates an artificial intelligence–based lending marketplace that connects consumers seeking loans with banks and credit unions. Its platform uses machine-learning models and borrower data to help lending partners assess credit risk and make lending decisions. The company’s offerings include personal loans and technology for auto lending, including auto retail and refinancing. Upstart was founded in 2012 by Dave Girouard, Paul Gu and Anna Counselman. Girouard serves as the company’s chief executive officer.