Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) Director Kerry Whorton Cooper sold 500 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $46.92, for a total transaction of $23,460.00. Following the completion of the sale, the director now directly owns 25,934 shares of the company's stock, valued at approximately $1,216,823.28. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Upstart Trading Down 0.6%
Upstart stock opened at $50.66 on Thursday. The stock has a fifty day moving average price of $45.24 and a 200 day moving average price of $59.06. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $96.43. The firm has a market capitalization of $4.82 billion, a P/E ratio of -34.70 and a beta of 2.29.
Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.11. The business had revenue of $213.37 million during the quarter, compared to the consensus estimate of $201.08 million. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. The business's revenue for the quarter was up 67.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.31) EPS. As a group, equities analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current year.
Institutional Investors Weigh In On Upstart
Large investors have recently modified their holdings of the stock. Rakuten Securities Inc. purchased a new position in Upstart in the 4th quarter worth approximately $31,000. Virtus Fund Advisers LLC purchased a new stake in shares of Upstart during the fourth quarter valued at approximately $32,000. Farther Finance Advisors LLC lifted its position in shares of Upstart by 24.2% during the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company's stock worth $54,000 after purchasing an additional 172 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of Upstart in the fourth quarter valued at $62,000. Finally, GAMMA Investing LLC grew its holdings in Upstart by 23.3% during the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company's stock valued at $77,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $70.00 target price on shares of Upstart in a research report on Monday, May 19th. Bank of America upgraded shares of Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 price target on the stock in a research note on Tuesday, April 29th. B. Riley raised Upstart from a "neutral" rating to a "buy" rating and increased their price objective for the company from $49.00 to $105.00 in a report on Wednesday, February 12th. Barclays upped their price target on Upstart from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Finally, The Goldman Sachs Group boosted their target price on Upstart from $15.00 to $16.50 and gave the stock a "sell" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $63.81.
Check Out Our Latest Stock Report on Upstart
Upstart Company Profile
(
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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.
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