Upstart (NASDAQ:UPST) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Upstart (NASDAQ:UPST) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Other analysts also recently issued reports about the stock. Needham & Company LLC raised their target price on shares of Upstart from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Morgan Stanley set a $35.00 price target on shares of Upstart in a report on Thursday, May 7th. Citigroup lowered their price objective on shares of Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Truist Financial set a $40.00 price objective on shares of Upstart in a report on Wednesday, May 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Upstart in a research report on Tuesday, June 9th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Upstart has a consensus rating of “Hold” and a consensus target price of $44.40.

Upstart Price Performance

Shares of Upstart stock opened at $30.21 on Friday. Upstart has a 1 year low of $23.97 and a 1 year high of $76.95. The business has a 50-day moving average of $31.12 and a two-hundred day moving average of $31.10. The company has a market capitalization of $2.94 billion, a P/E ratio of 61.65, a price-to-earnings-growth ratio of 0.85 and a beta of 2.29.

Upstart (NASDAQ:UPST) last released its quarterly 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). 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 analyst estimates of $354.74 million. During the same period in the prior year, the business earned $0.36 EPS. The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. On average, equities analysts anticipate that Upstart will post 0.92 EPS for the current fiscal year.

Insider Transactions at Upstart

In other news, insider Sanjay Datta sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total value of $456,150.00. Following the sale, the insider owned 313,556 shares of the company’s stock, valued at $9,535,237.96. The trade was a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Paul Gu bought 50,000 shares of Upstart stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $27.50 per share, with a total value of $1,375,000.00. Following the acquisition, the chief executive officer directly owned 70,000 shares of the company’s stock, valued at $1,925,000. The trade was a 250.00% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 33,346 shares of company stock worth $991,672. Insiders own 17.29% of the company’s stock.

Institutional Investors Weigh In On Upstart

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealthfront Advisers LLC acquired a new position in shares of Upstart during the 2nd quarter worth about $226,000. Deutsche Bank AG bought a new position in shares of Upstart in the 2nd quarter valued at about $3,385,000. Perigon Wealth Management LLC acquired a new stake in shares of Upstart in the second quarter valued at about $931,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Upstart in the second quarter valued at about $296,000. Finally, Simplicity Wealth LLC bought a new stake in Upstart during the second quarter worth about $381,000. 63.01% of the stock is owned by institutional investors.

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.