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

Upstart Holdings, Inc. (NASDAQ:UPST)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $25.20 and last traded at $25.7590, with a volume of 124847 shares. The stock had previously closed at $25.83.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. BTIG Research upgraded Upstart from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Monday. The Goldman Sachs Group upgraded Upstart from a “sell” rating to a “neutral” rating and reduced their price target for the company from $44.00 to $35.00 in a research report on Friday, February 13th. Truist Financial decreased their price target on Upstart from $59.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Upstart in a research report on Wednesday, March 11th. Finally, Zacks Research cut Upstart from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.77.

Upstart Stock Performance

The stock has a fifty day simple moving average of $35.88 and a two-hundred day simple moving average of $45.32. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 60.52, a P/E/G ratio of 0.72 and a beta of 2.44.

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

Upstart announced that its board has authorized a stock repurchase plan on Thursday, February 19th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Upstart news, CFO Sanjay Datta sold 7,982 shares of Upstart stock in a transaction on Friday, February 20th. The shares were sold at an average price of $29.86, for a total value of $238,342.52. Following the completion of the sale, the chief financial officer directly owned 276,688 shares of the company’s stock, valued at approximately $8,261,903.68. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 9,481 shares of company stock valued at $282,201 in the last ninety days. Company insiders own 16.67% of the company’s stock.

Institutional Trading of Upstart

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osbon Capital Management LLC acquired a new stake in Upstart in the fourth quarter valued at approximately $49,000. World Investment Advisors bought a new position in shares of Upstart in the 4th quarter worth $434,000. EMC Capital Management grew its position in Upstart by 12.2% in the 4th quarter. EMC Capital Management now owns 11,050 shares of the company’s stock valued at $483,000 after purchasing an additional 1,200 shares during the period. Rare Wolf Capital LLC bought a new stake in Upstart during the 4th quarter valued at $616,000. Finally, Alpine Woods Capital Investors LLC bought a new stake in Upstart during the 4th quarter valued at $752,000. 63.01% of the stock is owned by institutional investors.

Upstart Company Profile

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.