Upstart (NASDAQ:UPST) Price Target Raised to $30.00 at JPMorgan Chase & Co.

Upstart (NASDAQ:UPST) had its price objective boosted by JPMorgan Chase & Co. from $27.00 to $30.00 in a report released on Tuesday morning, Benzinga reports. They currently have an underweight rating on the stock.

Other equities analysts have also recently issued reports about the company. BTIG Research started coverage on Upstart in a report on Friday, June 7th. They issued a sell rating and a $14.00 price target for the company. Wedbush reissued an underperform rating and issued a $10.00 target price on shares of Upstart in a research note on Wednesday, August 7th. Barclays raised their price target on shares of Upstart from $25.00 to $35.00 and gave the stock an equal weight rating in a research note on Monday, August 12th. Redburn Atlantic raised shares of Upstart from a sell rating to a neutral rating and boosted their price objective for the company from $22.50 to $25.50 in a research report on Tuesday, June 4th. Finally, Piper Sandler upped their price objective on shares of Upstart from $28.00 to $31.00 and gave the company a neutral rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Upstart presently has a consensus rating of Hold and a consensus target price of $26.75.

Upstart Trading Up 5.8 %

NASDAQ:UPST opened at $42.00 on Tuesday. The company has a market capitalization of $3.69 billion, a P/E ratio of -20.39 and a beta of 1.97. The firm has a 50-day moving average price of $27.85 and a two-hundred day moving average price of $26.34. Upstart has a twelve month low of $19.84 and a twelve month high of $49.62.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.22. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. The business had revenue of $127.63 million for the quarter, compared to analyst estimates of $124.55 million. During the same period in the prior year, the business earned ($0.34) earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities research analysts predict that Upstart will post -2.39 earnings per share for the current year.

Insider Activity at Upstart

In other Upstart news, CFO Sanjay Datta sold 1,500 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $37.00, for a total transaction of $55,500.00. Following the transaction, the chief financial officer now owns 368,398 shares of the company’s stock, valued at $13,630,726. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Upstart news, CFO Sanjay Datta sold 1,500 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $37.00, for a total transaction of $55,500.00. Following the completion of the sale, the chief financial officer now directly owns 368,398 shares in the company, valued at $13,630,726. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dave Girouard sold 3,361 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.35, for a total value of $128,894.35. Following the completion of the transaction, the chief executive officer now owns 61,512 shares in the company, valued at $2,358,985.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,125 shares of company stock worth $1,985,361. 18.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Upstart

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in shares of Upstart in the 4th quarter valued at $25,000. Anfield Capital Management LLC acquired a new stake in Upstart in the 2nd quarter valued at $33,000. Benjamin F. Edwards & Company Inc. raised its position in Upstart by 80.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after purchasing an additional 778 shares during the period. Strs Ohio purchased a new stake in shares of Upstart in the fourth quarter worth about $57,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Upstart in the fourth quarter worth about $61,000. 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.