Upstart (UPST) Scheduled to Post Earnings on Tuesday

Upstart (NASDAQ:UPST) will release its earnings data after the market closes on Tuesday, August 6th. Analysts expect Upstart to post earnings of ($0.39) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.06. Upstart had a negative return on equity of 27.89% and a negative net margin of 32.59%. The firm had revenue of $127.79 million during the quarter, compared to the consensus estimate of $124.82 million. On average, analysts expect Upstart to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Upstart Stock Performance

NASDAQ:UPST opened at $23.76 on Monday. Upstart has a one year low of $19.84 and a one year high of $71.08. The business’s 50-day simple moving average is $24.85 and its 200 day simple moving average is $26.07. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -11.53 and a beta of 1.97.

Insider Activity

In other news, CFO Sanjay Datta sold 1,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $25.49, for a total value of $25,490.00. Following the completion of the sale, the chief financial officer now owns 380,398 shares in the company, valued at $9,696,345.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Upstart news, CTO Paul Gu sold 10,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $30.05, for a total transaction of $300,500.00. Following the transaction, the chief technology officer now directly owns 894,629 shares of the company’s stock, valued at $26,883,601.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $25.49, for a total value of $25,490.00. Following the completion of the transaction, the chief financial officer now owns 380,398 shares in the company, valued at $9,696,345.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 170,610 shares of company stock worth $4,704,553. Insiders own 18.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. JMP Securities restated a “market perform” rating on shares of Upstart in a research note on Wednesday, April 17th. Mizuho upgraded Upstart from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $17.00 to $31.00 in a research note on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Upstart in a research note on Wednesday, May 8th. Redburn Atlantic raised Upstart from a “sell” rating to a “neutral” rating and upped their target price for the company from $22.50 to $25.50 in a report on Tuesday, June 4th. Finally, Wedbush reissued an “underperform” rating and issued a $10.00 price objective on shares of Upstart in a report on Wednesday, May 8th. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Upstart has an average rating of “Hold” and an average price target of $23.05.

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.