Upstart Holdings, Inc. (NASDAQ:UPST) Receives Consensus Rating of “Hold” from Analysts

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $57.56.

A number of research firms have weighed in on UPST. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $31.00 to $85.00 in a research note on Friday, November 8th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Wedbush upped their target price on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. cut shares of Upstart from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $45.00 to $57.00 in a research report on Monday, December 2nd. Finally, Redburn Atlantic upgraded shares of Upstart from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $95.00 in a research report on Tuesday, December 3rd.

Insider Activity

In other news, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $40.00, for a total transaction of $60,000.00. Following the completion of the transaction, the chief financial officer now directly owns 341,593 shares in the company, valued at $13,663,720. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott Darling sold 6,200 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $39.67, for a total value of $245,954.00. Following the completion of the sale, the insider now owns 161,043 shares in the company, valued at $6,388,575.81. This represents a 3.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 534,868 shares of company stock valued at $32,864,764. Company insiders own 18.06% of the company’s stock.

Hedge Funds Weigh In On Upstart

Hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Upstart by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,350 shares of the company’s stock valued at $1,139,000 after purchasing an additional 2,770 shares during the period. Comerica Bank increased its position in shares of Upstart by 144.0% during the first quarter. Comerica Bank now owns 2,313 shares of the company’s stock worth $62,000 after acquiring an additional 1,365 shares during the period. Cetera Advisors LLC raised its stake in shares of Upstart by 66.6% in the first quarter. Cetera Advisors LLC now owns 17,258 shares of the company’s stock valued at $464,000 after acquiring an additional 6,899 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Upstart by 259.0% in the second quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after purchasing an additional 1,590 shares during the period. Finally, SG Americas Securities LLC grew its stake in Upstart by 442.1% during the 2nd quarter. SG Americas Securities LLC now owns 148,214 shares of the company’s stock worth $3,496,000 after purchasing an additional 120,871 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Upstart Stock Down 3.1 %

Shares of NASDAQ UPST opened at $74.02 on Friday. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of -39.58 and a beta of 2.18. Upstart has a 52 week low of $20.60 and a 52 week high of $86.07. The firm has a 50-day simple moving average of $59.54 and a 200-day simple moving average of $40.74.

About Upstart

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.