Upstart Holdings, Inc. (NASDAQ:UPST) Director Kerry Whorton Cooper Sells 500 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) Director Kerry Whorton Cooper sold 500 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $46.92, for a total transaction of $23,460.00. Following the sale, the director now owns 25,934 shares of the company’s stock, valued at approximately $1,216,823.28. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Upstart Price Performance

Upstart stock opened at $50.66 on Thursday. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $96.43. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of -34.70 and a beta of 2.29. The firm has a 50-day moving average of $45.24 and a two-hundred day moving average of $59.06.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, May 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.11. The company had revenue of $213.37 million for the quarter, compared to analysts’ expectations of $201.08 million. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. The firm’s quarterly revenue was up 67.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.31) EPS. Research analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Analyst Ratings Changes

UPST has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Upstart in a report on Monday, May 19th. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and lifted their target price for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group boosted their price target on shares of Upstart from $15.00 to $16.50 and gave the stock a “sell” rating in a research note on Thursday, May 8th. Piper Sandler cut their target price on shares of Upstart from $105.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. Finally, Citigroup boosted their price objective on Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.81.

Institutional Investors Weigh In On Upstart

Hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its holdings in shares of Upstart by 3.1% during the 4th quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock valued at $339,000 after purchasing an additional 167 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Upstart by 24.2% during the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after buying an additional 172 shares during the last quarter. Bailard Inc. lifted its holdings in Upstart by 0.5% in the fourth quarter. Bailard Inc. now owns 38,759 shares of the company’s stock valued at $2,386,000 after acquiring an additional 212 shares during the period. GAMMA Investing LLC boosted its holdings in Upstart by 23.3% during the first quarter. GAMMA Investing LLC now owns 1,662 shares of the company’s stock worth $77,000 after buying an additional 314 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in Upstart by 1.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 24,352 shares of the company’s stock valued at $1,121,000 after purchasing an additional 322 shares during the period. 63.01% of the stock is currently 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.