Analysts Set Upstart Holdings, Inc. (NASDAQ:UPST) Price Target at $73.38

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $73.38.

Several research firms have commented on UPST. JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $57.00 to $79.00 in a report on Wednesday, February 12th. Citigroup upped their price objective on shares of Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Needham & Company LLC upped their price objective on shares of Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Wedbush upped their price target on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Finally, B. Riley upgraded Upstart from a “neutral” rating to a “buy” rating and upped their price target for the company from $49.00 to $105.00 in a research report on Wednesday, February 12th.

Upstart Trading Up 4.5 %

Shares of UPST stock opened at $51.96 on Friday. The firm has a market capitalization of $4.87 billion, a PE ratio of -35.59 and a beta of 2.25. The firm has a fifty day simple moving average of $64.09 and a two-hundred day simple moving average of $59.72. Upstart has a 12 month low of $20.60 and a 12 month high of $96.43.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. On average, equities analysts predict that Upstart will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Upstart news, CEO Dave Girouard sold 4,524 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.01, for a total transaction of $357,441.24. Following the transaction, the chief executive officer now directly owns 52,614 shares in the company, valued at $4,157,032.14. This trade represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalia Mirgorodskaya sold 794 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $62,741.88. Following the transaction, the insider now owns 21,985 shares in the company, valued at $1,737,254.70. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,062 shares of company stock worth $5,247,182. Insiders own 18.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its position in Upstart by 3.1% during the fourth quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock valued at $339,000 after acquiring an additional 167 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Upstart by 24.2% during the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after purchasing an additional 172 shares during the period. Bailard Inc. boosted its stake in shares of Upstart by 0.5% during the fourth quarter. Bailard Inc. now owns 38,759 shares of the company’s stock valued at $2,386,000 after purchasing an additional 212 shares during the period. GAMMA Investing LLC boosted its stake in shares of Upstart by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock valued at $83,000 after purchasing an additional 224 shares during the period. Finally, Orion Capital Management LLC boosted its stake in shares of Upstart by 5.1% during the third quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock valued at $222,000 after purchasing an additional 270 shares during the period. 63.01% of the stock is currently owned by institutional investors.

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.