Upstart (NASDAQ:UPST) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Upstart (NASDAQ:UPST) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other analysts have also recently weighed in on UPST. The Goldman Sachs Group raised their price objective on shares of Upstart from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Truist Financial set a $40.00 target price on shares of Upstart in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating and issued a $30.00 target price on shares of Upstart in a research note on Tuesday, June 9th. B. Riley Financial reduced their target price on Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded Upstart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.40.

Upstart Trading Up 4.6%

Shares of UPST opened at $31.09 on Friday. Upstart has a 12-month low of $23.97 and a 12-month high of $76.95. The company has a market cap of $3.03 billion, a PE ratio of 63.45, a price-to-earnings-growth ratio of 0.85 and a beta of 2.29. The stock has a 50-day moving average price of $31.19 and a 200-day moving average price of $31.32.

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

Insider Buying and Selling at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 974 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $28.99, for a total transaction of $28,236.26. Following the completion of the sale, the insider directly owned 37,374 shares in the company, valued at $1,083,472.26. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjay Datta sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total transaction of $456,150.00. Following the sale, the insider owned 313,556 shares of the company’s stock, valued at approximately $9,535,237.96. The trade was a 4.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,346 shares of company stock worth $991,672 in the last quarter. 17.29% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in Upstart by 89.5% during the 1st quarter. AQR Capital Management LLC now owns 96,706 shares of the company’s stock valued at $4,451,000 after acquiring an additional 45,664 shares during the period. Integrated Wealth Concepts LLC grew its position in Upstart by 13.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,628 shares of the company’s stock worth $213,000 after acquiring an additional 563 shares during the last quarter. NewEdge Advisors LLC increased its stake in Upstart by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock worth $92,000 after purchasing an additional 333 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Upstart by 18.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,017 shares of the company’s stock valued at $7,964,000 after purchasing an additional 27,287 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Upstart in the first quarter valued at approximately $208,000. 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.