Upstart (NASDAQ:UPST) Hits New 52-Week Low – What’s Next?

Upstart Holdings, Inc. (NASDAQ:UPST)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $29.60 and last traded at $30.0660, with a volume of 3561717 shares traded. The stock had previously closed at $31.53.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UPST. Stephens decreased their price objective on shares of Upstart from $55.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Bank of America reduced their target price on Upstart from $81.00 to $71.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their price target on Upstart from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Truist Financial reduced their price objective on Upstart from $59.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, Morgan Stanley set a $45.00 target price on Upstart in a report on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Upstart has a consensus rating of “Hold” and a consensus target price of $49.50.

Upstart Trading Down 4.5%

The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 71.66, a PEG ratio of 0.83 and a beta of 2.38. The company has a 50 day moving average price of $43.67 and a 200 day moving average price of $50.99.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $296.09 million during the quarter, compared to the consensus estimate of $288.54 million. Upstart had a net margin of 5.13% and a return on equity of 6.30%. Upstart’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 earnings per share. Equities analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Insiders Place Their Bets

In other Upstart news, insider Natalia Mirgorodskaya sold 762 shares of Upstart stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $38.91, for a total transaction of $29,649.42. Following the transaction, the insider directly owned 26,398 shares in the company, valued at approximately $1,027,146.18. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kerry Whorton Cooper sold 1,500 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $50.00, for a total value of $75,000.00. Following the completion of the transaction, the director directly owned 23,934 shares of the company’s stock, valued at approximately $1,196,700. The trade was a 5.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 16.67% of the company’s stock.

Hedge Funds Weigh In On Upstart

A number of large investors have recently added to or reduced their stakes in the company. Cresset Asset Management LLC raised its holdings in 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 acquiring an additional 169 shares in the last quarter. Jennison Associates LLC increased 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 purchasing an additional 205 shares during the period. Wealth Enhancement Advisory Services LLC lifted 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 worth $386,000 after purchasing an additional 218 shares during the period. Daiwa Securities Group Inc. lifted its position in Upstart by 29.1% during the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after purchasing an additional 241 shares during the period. Finally, Advisory Services Network LLC increased its holdings in Upstart by 5.3% in the 2nd 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. Institutional investors own 63.01% of the company’s stock.

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.