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

Upstart Holdings, Inc. (NASDAQ:UPST) has been given an average rating of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $73.38.

Several research firms have issued reports on UPST. The Goldman Sachs Group lifted their price target on shares of Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a report on Wednesday, February 12th. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Barclays upped their target price on Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Finally, Bank of America increased their price objective on Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a report on Wednesday, February 12th.

Upstart Stock Performance

Shares of UPST opened at $71.77 on Wednesday. The stock has a market capitalization of $6.73 billion, a PE ratio of -49.16 and a beta of 2.25. The company has a 50 day moving average price of $68.36 and a 200-day moving average price of $57.54. Upstart has a fifty-two week low of $20.60 and a fifty-two week high of $96.43.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating 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%. Equities research analysts forecast that Upstart will post -0.03 EPS for the current year.

Insider Activity

In related news, CTO Paul Gu sold 4,019 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $75.00, for a total value of $301,425.00. Following the completion of the transaction, the chief technology officer now owns 863,065 shares of the company’s stock, valued at approximately $64,729,875. This represents a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kerry Whorton Cooper sold 500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $74.59, for a total value of $37,295.00. Following the transaction, the director now owns 17,961 shares in the company, valued at $1,339,710.99. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,786 shares of company stock valued at $9,025,638 in the last three months. 18.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Upstart

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp acquired a new position in Upstart in the 4th quarter valued at $62,000. Neo Ivy Capital Management purchased a new stake in shares of Upstart during the fourth quarter worth $493,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Upstart by 32.0% during the fourth 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 acquiring an additional 35,315 shares during the last quarter. Virtus Fund Advisers LLC purchased a new position in Upstart in the 4th quarter worth approximately $32,000. Finally, Virtus Investment Advisers Inc. purchased a new position in Upstart in the 4th quarter worth approximately $332,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.