Upstart (NASDAQ:UPST) Shares Down 6.4% – What’s Next?

Upstart Holdings, Inc. (NASDAQ:UPST)’s share price traded down 6.4% during trading on Monday . The company traded as low as $46.45 and last traded at $45.9760. 1,022,335 shares were traded during mid-day trading, a decline of 75% from the average session volume of 4,157,385 shares. The stock had previously closed at $49.12.

Analyst Upgrades and Downgrades

UPST has been the subject of a number of recent analyst reports. Stephens decreased their target price on Upstart from $55.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Bank of America decreased their price objective on shares of Upstart from $81.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Needham & Company LLC cut their price objective on Upstart from $82.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $40.00 price objective on shares of Upstart in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Upstart in a report on Monday, December 29th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.36.

Upstart Stock Performance

The company has a 50 day moving average of $44.32 and a two-hundred day moving average of $57.88. The stock has a market capitalization of $4.40 billion, a PE ratio of 205.69 and a beta of 2.28.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. The firm had revenue of $258.54 million during the quarter, compared to analysts’ expectations of $288.94 million. Upstart had a net margin of 3.33% and a return on equity of 3.68%. The firm’s revenue was up 70.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) earnings per share. As a group, research analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Insider Transactions at Upstart

In related news, insider Natalia Mirgorodskaya sold 821 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $36.62, for a total transaction of $30,065.02. Following the completion of the sale, the insider owned 27,160 shares of the company’s stock, valued at approximately $994,599.20. This represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kerry Whorton Cooper sold 1,500 shares of Upstart stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $50.00, for a total transaction of $75,000.00. Following the transaction, the director directly owned 23,934 shares in the company, valued at $1,196,700. This trade represents a 5.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 16,707 shares of company stock worth $633,080. Company insiders own 16.67% of the company’s stock.

Institutional Trading of Upstart

Large investors have recently made changes to their positions in the company. Cresset Asset Management LLC lifted its holdings in shares of Upstart by 3.3% in the 2nd quarter. Cresset Asset Management LLC now owns 5,241 shares of the company’s stock valued at $339,000 after buying an additional 169 shares during the period. Jennison Associates LLC boosted its position in shares of Upstart by 1.8% in the second quarter. Jennison Associates LLC now owns 11,382 shares of the company’s stock worth $736,000 after acquiring an additional 205 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Upstart by 3.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the company’s stock valued at $386,000 after acquiring an additional 218 shares during the period. Daiwa Securities Group Inc. increased its position in Upstart by 29.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after purchasing an additional 241 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in Upstart by 5.3% in the second quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock valued at $349,000 after buying an additional 272 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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.