Upstart Holdings, Inc. (NASDAQ:UPST) Stock Has Consensus Price Target of $43.75

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have been assigned a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $43.06.

A number of equities research analysts have recently weighed in on UPST shares. The Goldman Sachs Group cut their target price on shares of Upstart from $39.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday. Citigroup decreased their price target on shares of Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $42.00 price objective on shares of Upstart in a report on Tuesday, October 6th. Finally, Weiss Ratings cut Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 28th.

Insider Transactions at Upstart

In other news, insider Sanjay Datta sold 116,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $27.29, for a total value of $3,165,640.00. Following the completion of the transaction, the insider owned 476,578 shares in the company, valued at $13,005,813.62. This trade represents a 19.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalia Mirgorodskaya sold 913 shares of Upstart stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total value of $27,417.39. Following the sale, the insider owned 35,875 shares in the company, valued at $1,077,326.25. This represents a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 148,652 shares of company stock worth $4,133,720 over the last 90 days. 17.29% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Upstart

A number of institutional investors have recently added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. grew its position in shares of Upstart by 11.9% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 5,011,809 shares of the company’s stock worth $219,166,000 after buying an additional 531,000 shares during the period. Halter Ferguson Financial Inc. increased its stake in shares of Upstart by 253.3% in the 1st quarter. Halter Ferguson Financial Inc. now owns 1,467,360 shares of the company’s stock worth $37,638,000 after acquiring an additional 1,052,039 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Upstart by 267.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company’s stock valued at $26,234,000 after acquiring an additional 744,190 shares during the period. Azora Capital LP purchased a new position in Upstart during the 4th quarter valued at about $38,580,000. Finally, First Trust Advisors LP lifted its position in Upstart by 17.2% during the 1st quarter. First Trust Advisors LP now owns 373,455 shares of the company’s stock valued at $9,579,000 after acquiring an additional 54,908 shares during the period. Institutional investors own 63.01% of the company’s stock.

Upstart Stock Down 4.6%

NASDAQ:UPST opened at $22.74 on Monday. The stock has a market cap of $2.21 billion, a P/E ratio of 46.41, a price-to-earnings-growth ratio of 0.84 and a beta of 2.43. The firm’s fifty day simple moving average is $26.78 and its 200 day simple moving average is $29.15. Upstart has a twelve month low of $22.21 and a twelve month high of $55.22.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The company had revenue of $364.71 million for the quarter, compared to analysts’ expectations of $354.74 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. On average, analysts expect that Upstart will post 0.72 EPS for the current fiscal year.

About Upstart

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.