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

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $57.56.

Several equities analysts recently commented on UPST shares. Citigroup raised Upstart from a “neutral” rating to a “buy” rating and increased their target price for the company from $56.00 to $87.00 in a report on Friday, November 8th. Mizuho raised their target price on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. cut Upstart from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $45.00 to $57.00 in a research note on Monday, December 2nd. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Finally, Redburn Atlantic upgraded shares of Upstart from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $95.00 in a report on Tuesday, December 3rd.

Upstart Trading Down 3.1 %

Shares of NASDAQ:UPST opened at $74.02 on Friday. Upstart has a 52 week low of $20.60 and a 52 week high of $86.07. The company’s 50 day moving average is $59.54 and its two-hundred day moving average is $40.74. The company has a market cap of $6.75 billion, a PE ratio of -39.58 and a beta of 2.18.

Insider Activity

In other news, CTO Paul Gu sold 4,019 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $75.00, for a total transaction of $301,425.00. Following the completion of the sale, the chief technology officer now owns 863,065 shares in the company, valued at $64,729,875. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Datta sold 1,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $34.42, for a total value of $51,630.00. Following the sale, the chief financial officer now directly owns 343,093 shares of the company’s stock, valued at approximately $11,809,261.06. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 534,868 shares of company stock valued at $32,864,764. Insiders own 18.06% of the company’s stock.

Hedge Funds Weigh In On Upstart

A number of large investors have recently bought and sold shares of the company. Orion Capital Management LLC increased its stake in shares of Upstart by 5.1% during the third quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after acquiring an additional 270 shares during the period. Atomi Financial Group Inc. raised its stake in shares of Upstart by 0.7% during the 2nd quarter. Atomi Financial Group Inc. now owns 59,009 shares of the company’s stock worth $1,392,000 after buying an additional 406 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Upstart by 18.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock valued at $63,000 after buying an additional 409 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Upstart by 4.2% in the second quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock valued at $245,000 after buying an additional 422 shares in the last quarter. Finally, Inspire Advisors LLC grew its holdings in Upstart by 3.0% during the second quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock worth $392,000 after acquiring an additional 480 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.