Upstart Holdings, Inc. (NASDAQ:UPST) Stock Has Average Target Price of $43.75 According to Analysts

Upstart Holdings, Inc. (NASDAQ:UPST) has received an average rating of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $42.94.

A number of brokerages recently weighed in on UPST. Loop Capital started coverage on shares of Upstart in a research report on Tuesday, September 8th. They set a “hold” rating and a $34.00 price objective for the company. Weiss Ratings downgraded Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, September 28th. The Goldman Sachs Group decreased their target price on Upstart from $39.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. BTIG Research reaffirmed a “buy” rating and set a $43.00 target price on shares of Upstart in a report on Tuesday, September 22nd. Finally, Piper Sandler increased their price target on Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th.

Insider Buying and Selling

In other Upstart news, CFO Andrea Blankmeyer sold 7,175 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $29.36, for a total value of $210,658.00. Following the sale, the chief financial officer directly owned 155,208 shares of the company’s stock, valued at $4,556,906.88. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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, CEO Paul Gu bought 50,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was bought at an average price of $25.55 per share, for a total transaction of $1,277,500.00. Following the completion of the purchase, the chief executive officer directly owned 130,000 shares of the company’s stock, valued at $3,321,500. The trade was a 62.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 148,652 shares of company stock valued at $4,133,720 in the last 90 days. Corporate insiders own 17.29% of the company’s stock.

Institutional Trading of Upstart

Several hedge funds have recently bought and sold shares of UPST. Jericho Capital Asset Management L.P. increased its stake in shares of Upstart by 11.9% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,011,809 shares of the company’s stock valued at $219,166,000 after purchasing an additional 531,000 shares during the period. Azora Capital LP bought a new stake in shares of Upstart during the fourth quarter valued at approximately $38,580,000. Halter Ferguson Financial Inc. boosted its position in shares of Upstart by 253.3% during the first quarter. Halter Ferguson Financial Inc. now owns 1,467,360 shares of the company’s stock worth $37,638,000 after buying an additional 1,052,039 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Upstart by 267.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company’s stock worth $26,234,000 after buying an additional 744,190 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Upstart during the second quarter worth approximately $9,681,000. 63.01% of the stock is currently owned by institutional investors.

Upstart Stock Performance

Shares of UPST opened at $23.56 on Monday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 0.83 and a beta of 2.43. The stock has a 50 day moving average of $26.53 and a 200-day moving average of $29.14. Upstart has a 52 week low of $22.21 and a 52 week high of $55.22.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The business had revenue of $364.71 million for the quarter, compared to the consensus estimate of $354.74 million. During the same quarter in the previous year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was up 41.9% on a year-over-year basis. On average, sell-side analysts predict that Upstart will post 0.72 earnings per share for the current fiscal year.

Upstart Company Profile

Upstart Holdings, Inc (NASDAQ: UPST) operates an artificial intelligence-powered lending platform that connects consumers seeking credit with banks and credit unions. Its technology is designed to evaluate a broader range of borrower information than traditional credit-scoring methods, with the goal of helping lending partners assess risk and automate portions of the application and underwriting process.

The company’s platform supports lending products including personal loans, automotive loans and refinancing, and home equity lines of credit.