Upstart Holdings, Inc. (NASDAQ:UPST) Receives $61.80 Average Price Target from Brokerages

Upstart Holdings, Inc. (NASDAQ:UPST) has been assigned an average rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $61.80.

A number of equities research analysts have commented on the company. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and increased their target price for the company from $31.00 to $85.00 in a research report on Friday, November 8th. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. Redburn Atlantic upgraded shares of Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Finally, Mizuho boosted their target price on shares of Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 20th.

Insider Buying and Selling at Upstart

In related news, Director Kerry Whorton Cooper sold 500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $74.59, for a total transaction of $37,295.00. Following the completion of the transaction, the director now owns 17,961 shares in the company, valued at approximately $1,339,710.99. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Datta sold 1,500 shares of Upstart stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $79.54, for a total transaction of $119,310.00. Following the completion of the sale, the chief financial officer now directly owns 331,093 shares in the company, valued at $26,335,137.22. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 479,368 shares of company stock valued at $30,682,523. Company insiders own 18.06% of the company’s stock.

Hedge Funds Weigh In On Upstart

Large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of Upstart by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after acquiring an additional 224 shares in the last quarter. Orion Capital Management LLC boosted its holdings in Upstart by 5.1% in the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock valued at $222,000 after purchasing an additional 270 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Upstart by 18.2% in the second quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock worth $63,000 after purchasing an additional 409 shares during the period. Principal Financial Group Inc. raised its position 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 worth $245,000 after buying an additional 422 shares in the last quarter. Finally, Inspire Advisors LLC boosted its stake in Upstart by 3.0% during the second quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock valued at $392,000 after buying an additional 480 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Stock Performance

UPST stock opened at $64.08 on Tuesday. Upstart has a 52-week low of $20.60 and a 52-week high of $88.95. The company has a market capitalization of $5.85 billion, a P/E ratio of -33.20 and a beta of 2.19. The company has a fifty day moving average price of $68.53 and a 200-day moving average price of $46.85.

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.