Upstart Holdings, Inc. (NASDAQ:UPST) Receives Consensus Rating of “Hold” from Analysts

Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $73.38.

A number of equities analysts have recently weighed in on the company. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. The Goldman Sachs Group upped their price target on Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, February 12th. Needham & Company LLC boosted their target price on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $12.00 to $70.00 in a research note on Friday, February 14th. Finally, B. Riley upgraded shares of Upstart from a “neutral” rating to a “buy” rating and lifted their price target for the company from $49.00 to $105.00 in a report on Wednesday, February 12th.

Upstart Price Performance

Shares of NASDAQ:UPST opened at $66.91 on Wednesday. The company has a market capitalization of $6.27 billion, a P/E ratio of -45.83 and a beta of 2.25. Upstart has a 1-year low of $20.60 and a 1-year high of $96.43. The firm’s 50 day simple moving average is $67.77 and its two-hundred day simple moving average is $58.01.

Upstart (NASDAQ:UPST) last released its earnings results 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%. On average, sell-side analysts anticipate that Upstart will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Natalia Mirgorodskaya sold 794 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 21,985 shares of the company’s stock, valued at approximately $1,737,254.70. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Paul Gu sold 87,600 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $69.39, for a total transaction of $6,078,564.00. Following the completion of the transaction, the chief technology officer now directly owns 863,065 shares in the company, valued at $59,888,080.35. This represents a 9.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 167,181 shares of company stock valued at $11,664,466 in the last ninety days. 18.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Upstart

A number of institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new stake in shares of Upstart in the fourth quarter valued at approximately $62,000. Neo Ivy Capital Management purchased a new stake in shares of Upstart in the 4th quarter worth $493,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Upstart by 32.0% during 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 buying an additional 35,315 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in shares of Upstart during the fourth quarter valued at $32,000. Finally, Virtus Investment Advisers Inc. purchased a new position in shares of Upstart during the fourth quarter valued at $332,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Upstart Company Profile

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.