Brokerages Set Upstart Holdings, Inc. (NASDAQ:UPST) Price Target at $44.40

Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned a consensus rating of “Hold” from the sixteen ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $44.40.

Several analysts have issued reports on UPST shares. Truist Financial set a $40.00 price target on shares of Upstart in a research report on Wednesday, May 6th. BTIG Research reissued a “buy” rating and set a $43.00 price target on shares of Upstart in a report on Wednesday, August 5th. Morgan Stanley set a $35.00 price objective on shares of Upstart in a report on Thursday, May 7th. Weiss Ratings raised Upstart from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Finally, B. Riley Financial reduced their price target on shares of Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th.

Upstart Trading Down 0.0%

Upstart stock opened at $30.46 on Friday. The company has a market cap of $2.96 billion, a P/E ratio of 62.16, a price-to-earnings-growth ratio of 1.07 and a beta of 2.29. Upstart has a 1-year low of $23.97 and a 1-year high of $76.95. The company has a fifty day simple moving average of $30.79 and a 200 day simple moving average of $30.03.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The business had revenue of $364.71 million for the quarter, compared to the consensus estimate of $354.74 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 41.9% compared to the same quarter last year. On average, equities research analysts forecast that Upstart will post 0.72 EPS for the current year.

Insider Activity at Upstart

In related news, CFO Andrea Blankmeyer sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $29.33, for a total transaction of $87,990.00. Following the sale, the chief financial officer owned 152,208 shares in the company, valued at $4,464,260.64. The trade was a 1.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanjay Datta sold 8,945 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $28.09, for a total transaction of $251,265.05. Following the completion of the transaction, the insider owned 292,578 shares of the company’s stock, valued at approximately $8,218,516.02. This trade represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 47,652 shares of company stock valued at $1,424,230. 17.29% of the stock is owned by insiders.

Hedge Funds Weigh In On Upstart

A number of hedge funds have recently modified their holdings of the business. Bayforest Capital Ltd acquired a new position in shares of Upstart in the fourth quarter worth approximately $25,000. Quarry LP boosted its holdings in shares of Upstart by 749.2% during the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock worth $25,000 after buying an additional 442 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock worth $39,000 after buying an additional 439 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Upstart during the 4th quarter worth approximately $40,000. Finally, Bogart Wealth LLC acquired a new stake in shares of Upstart during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Upstart

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.