Upstart Holdings, Inc. (NASDAQ:UPST) Given Average Rating of "Hold" by Brokerages

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) has been assigned an average rating of "Hold" from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $69.46.

Several brokerages have issued reports on UPST. Bank of America raised their price objective on shares of Upstart from $33.00 to $39.00 and gave the stock an "underperform" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group raised their price target on Upstart from $13.50 to $15.00 and gave the stock a "sell" rating in a research note on Wednesday, February 12th. Morgan Stanley upgraded Upstart from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $12.00 to $70.00 in a report on Friday, February 14th. JPMorgan Chase & Co. upgraded Upstart from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $57.00 to $79.00 in a research note on Wednesday, February 12th. Finally, Needham & Company LLC boosted their target price on shares of Upstart from $100.00 to $108.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th.

Upstart Trading Up 1.2 %

NASDAQ:UPST traded up $0.49 during midday trading on Thursday, hitting $40.45. 4,659,890 shares of the company traded hands, compared to its average volume of 6,547,336. The firm has a market capitalization of $3.79 billion, a P/E ratio of -27.71 and a beta of 2.39. The firm's fifty day moving average is $56.22 and its 200-day moving average is $60.37. Upstart has a 12-month low of $20.60 and a 12-month high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share 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%. On average, research analysts expect that Upstart will post -0.03 EPS for the current fiscal year.

Insider Activity at Upstart

In other Upstart news, CEO Dave Girouard sold 41,667 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the transaction, the chief executive officer now owns 57,138 shares of the company's stock, valued at approximately $3,576,838.80. This trade represents a 42.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Natalia Mirgorodskaya sold 794 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $62,741.88. Following the completion of the sale, the insider now directly owns 21,985 shares of the company's stock, valued at $1,737,254.70. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,062 shares of company stock worth $5,247,182 over the last three months. 18.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. purchased a new stake in shares of Upstart during the 4th quarter worth $31,000. Virtus Fund Advisers LLC bought a new position in Upstart in the fourth quarter worth about $32,000. Farther Finance Advisors LLC lifted its position in shares of Upstart by 24.2% during the fourth 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. Mackenzie Financial Corp bought a new stake in shares of Upstart in the 4th quarter valued at about $62,000. Finally, GAMMA Investing LLC grew its position in shares of Upstart by 23.3% in the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company's stock worth $77,000 after buying an additional 314 shares during the last quarter. 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.