$0.31 EPS Expected for Upstart Holdings, Inc. (NASDAQ:UPST) This Quarter

Equities analysts forecast that Upstart Holdings, Inc. (NASDAQ:UPST) will post $0.31 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Upstart’s earnings. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 9th.

On average, analysts expect that Upstart will report full year earnings of $1.53 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.83. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.11 per share, with EPS estimates ranging from $1.40 to $3.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Upstart.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, August 10th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.37. The company had revenue of $193.95 million for the quarter, compared to analyst estimates of $157.75 million. The business’s revenue was up 1017.7% on a year-over-year basis.

UPST has been the subject of several research reports. Citigroup cut Upstart from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a research report on Monday, September 20th. The Goldman Sachs Group assumed coverage on Upstart in a research note on Monday, July 12th. They set a “buy” rating and a $147.00 price objective for the company. Barclays raised their target price on Upstart from $230.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, September 20th. Zacks Investment Research lowered Upstart from a “buy” rating to a “hold” rating in a research note on Thursday, September 9th. Finally, Piper Sandler raised their price target on Upstart from $192.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, September 8th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Upstart currently has an average rating of “Buy” and an average price target of $213.55.

In other news, SVP Paul Gu sold 155,000 shares of the firm’s stock in a transaction dated Monday, August 16th. The stock was sold at an average price of $201.88, for a total transaction of $31,291,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Alison Nicoll sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, September 22nd. The stock was sold at an average price of $321.65, for a total value of $7,237,125.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,076,466 shares of company stock worth $438,511,625. 25.20% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in UPST. Parallel Advisors LLC increased its position in shares of Upstart by 49.7% during the 2nd quarter. Parallel Advisors LLC now owns 524 shares of the company’s stock worth $66,000 after purchasing an additional 174 shares during the last quarter. Souders Financial Advisors increased its position in shares of Upstart by 4.8% during the 2nd quarter. Souders Financial Advisors now owns 4,152 shares of the company’s stock worth $519,000 after purchasing an additional 190 shares during the last quarter. American International Group Inc. acquired a new position in shares of Upstart during the 1st quarter worth approximately $25,000. US Bancorp DE acquired a new position in shares of Upstart during the 1st quarter worth approximately $26,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Upstart during the 2nd quarter worth approximately $44,000. 49.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of Upstart stock opened at $327.88 on Wednesday. The stock has a 50 day moving average price of $205.55 and a two-hundred day moving average price of $149.02. Upstart has a 12-month low of $22.61 and a 12-month high of $346.54.

About Upstart

Upstart Holdings, Inc operates a cloud- based artificial intelligence (AI) lending platform. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform.

Featured Article: What does a dividend yield signify to investors?

Get a free copy of the Zacks research report on Upstart (UPST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Upstart (NASDAQ:UPST)

Receive News & Ratings for Upstart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upstart and related companies with MarketBeat.com's FREE daily email newsletter.