Upstart (NASDAQ:UPST) Receives Market Underperform Rating from Citizens Jmp

Citizens Jmp reaffirmed their market underperform rating on shares of Upstart (NASDAQ:UPST) in a research report sent to investors on Friday, Marketbeat.com reports. They currently have a $20.00 price target on the stock.

Several other analysts have also issued reports on the stock. Stephens reduced their price objective on shares of Upstart from $55.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Morgan Stanley set a $45.00 price target on shares of Upstart in a research note on Wednesday, November 5th. Bank of America lowered their price objective 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Upstart in a research report on Monday, December 29th. Finally, Truist Financial lowered their price target on Upstart from $59.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $51.27.

Upstart Price Performance

Upstart stock opened at $30.68 on Friday. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 73.05, a price-to-earnings-growth ratio of 0.51 and a beta of 2.38. The firm has a 50 day simple moving average of $44.63 and a 200-day simple moving average of $52.24. Upstart has a 1-year low of $29.61 and a 1-year high of $89.64.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $296.09 million during the quarter, compared to analyst estimates of $288.54 million. Upstart had a return on equity of 6.30% and a net margin of 5.13%.The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share. Equities analysts expect that Upstart will post -0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Natalia Mirgorodskaya sold 762 shares of Upstart stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $38.91, for a total value of $29,649.42. Following the completion of the transaction, the insider directly owned 26,398 shares in the company, valued at approximately $1,027,146.18. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kerry Whorton Cooper sold 1,500 shares of the company’s stock in a transaction dated 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 owned 23,934 shares in the company, valued at approximately $1,196,700. This trade represents a 5.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,707 shares of company stock worth $633,080. Corporate insiders own 16.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its holdings in Upstart by 1,116.8% during the 2nd quarter. Prudential Financial Inc. now owns 89,675 shares of the company’s stock worth $5,800,000 after buying an additional 82,305 shares during the last quarter. Sierra Summit Advisors LLC acquired a new stake in shares of Upstart during the 2nd quarter worth about $991,000. Tableaux LLC purchased a new stake in Upstart during the second quarter worth approximately $2,587,000. Sepio Capital LP boosted its holdings in Upstart by 42.0% in the second quarter. Sepio Capital LP now owns 256,102 shares of the company’s stock valued at $16,565,000 after purchasing an additional 75,802 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in Upstart by 31.0% in the second quarter. Hillsdale Investment Management Inc. now owns 89,440 shares of the company’s stock valued at $5,785,000 after purchasing an additional 21,140 shares during the last quarter. 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.