Upstart’s (UPST) Buy Rating Reiterated at BTIG Research

BTIG Research reiterated their buy rating on shares of Upstart (NASDAQ:UPST) in a research note published on Wednesday,Benzinga reports. BTIG Research currently has a $43.00 price target on the stock.

Several other analysts have also recently issued reports on UPST. Zacks Research raised shares of Upstart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Needham & Company LLC raised their target price on shares of Upstart from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Morgan Stanley set a $35.00 target price on Upstart in a report on Thursday, May 7th. Mizuho set a $45.00 price target on Upstart in a research report on Friday, May 8th. Finally, B. Riley Financial cut their price target on Upstart from $66.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Upstart has a consensus rating of “Hold” and an average target price of $44.40.

Upstart Stock Up 4.6%

Shares of UPST opened at $31.09 on Wednesday. Upstart has a 52-week low of $23.97 and a 52-week high of $76.95. The firm’s fifty day moving average is $31.19 and its two-hundred day moving average is $31.32. The stock has a market cap of $3.03 billion, a PE ratio of 63.45, a price-to-earnings-growth ratio of 0.81 and a beta of 2.29.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The business had revenue of $364.71 million during the quarter, compared to analyst estimates of $354.74 million. Upstart had a net margin of 4.84% and a return on equity of 7.13%. Upstart’s quarterly revenue was up 41.9% on a year-over-year basis. During the same quarter last year, the company earned $0.36 earnings per share. As a group, research analysts anticipate that Upstart will post 0.92 earnings per share for the current year.

Insider Activity at Upstart

In other news, CFO Andrea Blankmeyer sold 7,044 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $29.63, for a total value of $208,713.72. Following the transaction, the chief financial officer directly owned 162,383 shares in the company, valued at approximately $4,811,408.29. This represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanjay Datta sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total transaction of $456,150.00. Following the transaction, the insider directly owned 313,556 shares of the company’s stock, valued at $9,535,237.96. The trade was a 4.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 33,346 shares of company stock valued at $991,672. 17.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Upstart

A number of institutional investors have recently modified their holdings of UPST. Bayforest Capital Ltd purchased a new stake in shares of Upstart in the 4th quarter valued at $25,000. Quarry LP boosted its holdings in Upstart by 749.2% during the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after acquiring an additional 442 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after acquiring an additional 439 shares during the period. Empowered Funds LLC acquired a new position in Upstart in the 4th quarter valued at about $40,000. Finally, Bogart Wealth LLC acquired a new position in Upstart in the 4th quarter valued at about $44,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.