Upstart (NASDAQ:UPST) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Upstart (NASDAQ:UPST) announced its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02, Zacks reports. Upstart had a negative net margin of 30.15% and a negative return on equity of 32.57%. Upstart updated its Q1 2025 guidance to EPS.

Upstart Stock Performance

Shares of UPST stock traded down $3.60 during midday trading on Tuesday, hitting $67.34. 12,059,000 shares of the company were exchanged, compared to its average volume of 4,342,878. Upstart has a 52 week low of $20.60 and a 52 week high of $88.95. The firm has a market capitalization of $6.14 billion, a P/E ratio of -34.89 and a beta of 2.25. The firm’s 50 day moving average price is $67.60 and its two-hundred day moving average price is $54.09.

Insider Transactions at Upstart

In other Upstart news, CTO Paul Gu sold 87,600 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $69.39, for a total transaction of $6,078,564.00. Following the sale, the chief technology officer now directly owns 863,065 shares in the company, valued at $59,888,080.35. This represents a 9.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total value of $2,608,354.20. Following the sale, the chief executive officer now owns 57,138 shares of the company’s stock, valued at $3,576,838.80. The trade was a 42.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 347,868 shares of company stock worth $24,056,862. Company insiders own 18.06% of the company’s stock.

Analyst Ratings Changes

UPST has been the topic of several analyst reports. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $31.00 to $85.00 in a report on Friday, November 8th. Needham & Company LLC upgraded Upstart from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Friday, December 13th. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. lowered shares of Upstart from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $45.00 to $57.00 in a report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $61.80.

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.