Natalia Mirgorodskaya Sells 794 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 794 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $62,741.88. Following the completion of the transaction, the insider now owns 21,985 shares in the company, valued at $1,737,254.70. This represents a 3.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Upstart Stock Down 5.1 %

Shares of NASDAQ:UPST opened at $66.91 on Wednesday. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43. The firm has a 50-day simple moving average of $67.77 and a 200 day simple moving average of $58.01. The company has a market cap of $6.27 billion, a PE ratio of -45.83 and a beta of 2.25.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. As a group, research analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Upstart

A number of institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp bought a new stake in shares of Upstart during the 4th quarter valued at about $62,000. Neo Ivy Capital Management bought a new position in Upstart in the 4th quarter worth about $493,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Upstart by 32.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,730 shares of the company’s stock worth $8,973,000 after purchasing an additional 35,315 shares during the last quarter. Virtus Fund Advisers LLC bought a new position in Upstart in the 4th quarter worth about $32,000. Finally, Virtus Investment Advisers Inc. bought a new position in Upstart in the 4th quarter worth about $332,000. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

UPST has been the topic of a number of recent analyst reports. B. Riley upgraded shares of Upstart from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $105.00 in a report on Wednesday, February 12th. Wedbush boosted their price objective on shares of Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Morgan Stanley upgraded shares of Upstart from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $12.00 to $70.00 in a report on Friday, February 14th. Needham & Company LLC boosted their price objective on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Bank of America boosted their price objective on shares of Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $73.38.

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.