Upstart (NASDAQ:UPST) Trading 3.4% Higher

Upstart Holdings, Inc. (NASDAQ:UPSTGet Rating)’s stock price traded up 3.4% during trading on Tuesday . The stock traded as high as $85.14 and last traded at $84.53. 35,192 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 10,807,888 shares. The stock had previously closed at $81.72.

Several equities research analysts recently commented on the company. Wedbush cut Upstart from a “neutral” rating to an “underperform” rating and cut their price target for the company from $110.00 to $75.00 in a report on Tuesday, March 22nd. Zacks Investment Research upgraded Upstart from a “sell” rating to a “hold” rating in a research report on Thursday, February 24th. Stephens started coverage on Upstart in a research report on Thursday, March 31st. They set an “equal weight” rating and a $124.00 price target for the company. Barclays lowered their price target on Upstart from $285.00 to $180.00 in a research report on Thursday, February 17th. Finally, Piper Sandler raised their price target on Upstart from $223.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Upstart has an average rating of “Buy” and an average target price of $217.21.

The stock has a market capitalization of $7.39 billion, a PE ratio of 61.57 and a beta of -0.58. The stock has a fifty day moving average of $113.92 and a 200-day moving average of $173.75.

Upstart (NASDAQ:UPSTGet Rating) last released its earnings results on Tuesday, February 15th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.43. The firm had revenue of $304.85 million during the quarter, compared to analyst estimates of $262.01 million. Upstart had a return on equity of 21.33% and a net margin of 15.96%. Equities analysts expect that Upstart Holdings, Inc. will post 1.04 earnings per share for the current fiscal year.

In other Upstart news, CEO Dave Girouard sold 83,333 shares of the firm’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $108.39, for a total value of $9,032,463.87. Following the sale, the chief executive officer now directly owns 87,114 shares in the company, valued at $9,442,286.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Alison Nicoll sold 7,500 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $146.64, for a total value of $1,099,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 256,874 shares of company stock valued at $28,400,789. 25.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Winch Advisory Services LLC increased its position in shares of Upstart by 77.8% during the third quarter. Winch Advisory Services LLC now owns 144 shares of the company’s stock worth $46,000 after purchasing an additional 63 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Upstart by 3.1% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,276 shares of the company’s stock worth $720,000 after buying an additional 69 shares during the last quarter. Sandy Spring Bank grew its holdings in shares of Upstart by 131.6% during the third quarter. Sandy Spring Bank now owns 132 shares of the company’s stock worth $42,000 after buying an additional 75 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Upstart by 1.6% during the third quarter. Arizona State Retirement System now owns 5,237 shares of the company’s stock worth $1,657,000 after buying an additional 80 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in shares of Upstart during the third quarter worth about $26,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Upstart Company Profile (NASDAQ:UPST)

Upstart Holdings, Inc operates a cloud- based artificial intelligence (AI) lending platform in the United States. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform.

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