Upstart (NASDAQ:UPST) Stock Price Down 6.4% – What’s Next?

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) traded down 6.4% on Monday . The company traded as low as $46.45 and last traded at $45.9760. 1,022,335 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 4,157,385 shares. The stock had previously closed at $49.12.

Analyst Ratings Changes

UPST has been the subject of several recent analyst reports. Bank of America decreased their target price on shares of Upstart from $81.00 to $71.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. JPMorgan Chase & Co. reduced their price objective on Upstart from $88.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Citigroup decreased their price objective on Upstart from $100.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Truist Financial started coverage on Upstart in a research note on Tuesday, January 6th. They set a “buy” rating and a $59.00 target price on the stock. Finally, Stephens reduced their price target on Upstart from $55.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.36.

Upstart Stock Performance

The stock has a market capitalization of $4.52 billion, a P/E ratio of 211.15 and a beta of 2.28. The business has a 50 day simple moving average of $44.38 and a 200-day simple moving average of $57.56.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. Upstart had a return on equity of 3.68% and a net margin of 3.33%.The business had revenue of $258.54 million during the quarter, compared to analyst estimates of $288.94 million. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. The company’s revenue was up 70.9% on a year-over-year basis. Equities research analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling at Upstart

In other news, CFO Sanjay Datta sold 13,624 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $36.58, for a total transaction of $498,365.92. Following the completion of the sale, the chief financial officer owned 284,280 shares in the company, valued at approximately $10,398,962.40. This represents a 4.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kerry Whorton Cooper sold 1,500 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $50.00, for a total value of $75,000.00. Following the sale, the director directly owned 23,934 shares of the company’s stock, valued at approximately $1,196,700. This represents a 5.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,707 shares of company stock valued at $633,080 in the last ninety days. Company insiders own 16.67% of the company’s stock.

Hedge Funds Weigh In On Upstart

A number of hedge funds and other institutional investors have recently modified their holdings of UPST. CoreCap Advisors LLC increased its stake in Upstart by 14,710.0% in the 4th quarter. CoreCap Advisors LLC now owns 1,481 shares of the company’s stock worth $65,000 after purchasing an additional 1,471 shares in the last quarter. Traynor Capital Management Inc. purchased a new stake in Upstart during the fourth quarter valued at about $261,000. Holos Integrated Wealth LLC acquired a new position in shares of Upstart in the fourth quarter worth about $94,000. Swiss Life Asset Management Ltd acquired a new position in shares of Upstart in the third quarter worth about $200,000. Finally, Groupama Asset Managment purchased a new position in shares of Upstart in the third quarter worth approximately $25,400,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Company Profile

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.