B. Riley Financial reissued their buy rating on shares of Upstart (NASDAQ:UPST – Free Report) in a research note published on Wednesday morning,Benzinga reports. B. Riley Financial currently has a $42.00 price objective on the stock, down from their previous price objective of $54.00.
Other analysts have also recently issued reports about the company. Needham & Company LLC dropped their price target on Upstart from $42.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday. Weiss Ratings lowered Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. Mizuho set a $35.00 price objective on Upstart in a research report on Wednesday. Wall Street Zen upgraded Upstart from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, The Goldman Sachs Group dropped their target price on Upstart from $39.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $32.40.
Get Our Latest Analysis on Upstart
Upstart Stock Down 1.1%
Shares of UPST stock traded down $0.25 during mid-day trading on Wednesday, reaching $21.89. 4,573,996 shares of the company’s stock traded hands, compared to its average volume of 4,074,217. The company’s 50-day moving average price is $24.50 and its 200-day moving average price is $29.40. The company has a market cap of $2.13 billion, a P/E ratio of 37.10, a P/E/G ratio of 0.75 and a beta of 2.48. Upstart has a 12 month low of $20.59 and a 12 month high of $52.10.
Upstart (NASDAQ:UPST – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. The business had revenue of $370.52 million for the quarter, compared to analyst estimates of $362.68 million. Upstart had a net margin of 4.84% and a return on equity of 7.13%. Upstart’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Equities analysts predict that Upstart will post 0.72 earnings per share for the current year.
Insider Activity
In other news, CFO Andrea Blankmeyer sold 7,175 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $29.36, for a total transaction of $210,658.00. Following the sale, the chief financial officer owned 155,208 shares in the company, valued at $4,556,906.88. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanjay Datta sold 116,000 shares of the stock in a transaction that occurred 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 sale, the insider owned 476,578 shares in the company, valued at approximately $13,005,813.62. The trade was a 19.58% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 148,652 shares of company stock worth $4,133,720. Corporate insiders own 17.29% of the company’s stock.
Institutional Trading of Upstart
Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in shares of Upstart by 76.7% in the 3rd quarter. Parallel Advisors LLC now owns 1,656 shares of the company’s stock worth $38,000 after purchasing an additional 719 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Upstart by 33.2% during the third quarter. Asset Management One Co. Ltd. now owns 1,790 shares of the company’s stock valued at $41,000 after purchasing an additional 446 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Upstart by 274.4% during the first quarter. Geneos Wealth Management Inc. now owns 1,842 shares of the company’s stock valued at $47,000 after purchasing an additional 1,350 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Upstart during the first quarter valued at $51,000. Finally, Sterling Capital Management LLC boosted its position in shares of Upstart by 838.2% during the third quarter. Sterling Capital Management LLC now owns 2,824 shares of the company’s stock valued at $65,000 after buying an additional 2,523 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.
Key Upstart News
Here are the key news stories impacting Upstart this week:
- Positive Sentiment: Upstart reported third-quarter net income of $36.58 million and diluted EPS of $0.33, beating analyst estimates. Revenue also topped expectations, and contribution profit reached a record $218 million. Upstart Stock Jumps On Earnings Beat As Full Year Outlook Is Cut
- Positive Sentiment: B. Riley reiterated a positive view by assigning Upstart a “Buy” rating. Upstart Earns Buy Rating from B. Riley Financial
- Neutral Sentiment: Sell-side brokerages’ overall rating was reported as “Hold,” suggesting analysts remain divided rather than broadly bullish or bearish. Upstart Stock Rated Hold by Sell-Side Brokerages
- Negative Sentiment: Despite the earnings beat, Upstart lowered its 2026 revenue and adjusted EBITDA outlook, citing weaker consumer credit quality, higher funding costs, and a higher Upstart Macro Index reading—indicating elevated default risk. Upstart Stock Jumps On Earnings Beat As Full Year Outlook Is Cut
- Negative Sentiment: Several firms lowered their price expectations, including Stephens, Goldman Sachs, Morgan Stanley, Citigroup, Truist, Needham, and BTIG. Citigroup’s earlier target was cut from $61 to $46, though it retained a Buy rating. These revisions may reinforce concerns about the company’s near-term outlook. Stephens Cuts Upstart Price Target Truist Cuts Upstart Price Target Citigroup Lowers Upstart Price Target
Upstart Company Profile
Upstart Holdings, Inc (NASDAQ: UPST) operates an artificial intelligence-powered lending marketplace. Its platform connects consumers seeking credit with banks and credit unions, using data-driven underwriting models designed to evaluate applicants beyond traditional credit-score-based methods.
The company provides technology for several lending categories, including personal loans, automotive retail and refinance lending, home equity lines of credit, and small-dollar lending. Upstart’s platform supports financial institutions with application processing, risk assessment, loan origination, and related automation, while offering consumers a digital borrowing experience.
Founded in 2012, Upstart is headquartered in San Mateo, California, and primarily serves the United States.
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