Key Points
- Director Kerry Whorton Cooper sold 1,500 shares of Upstart on Dec. 12 at an average price of $50 for a total of $75,000, leaving them with 23,934 shares and a 5.90% decline in their ownership stake.
- Upstart recently reported quarterly EPS of $0.52 (above the $0.42 consensus) but revenue of $258.5M missed the $288.9M estimate, though revenue was up 70.9% year-over-year.
- The stock carries a market cap of $4.56B, a consensus analyst rating of “Hold” with a $60.50 target, and about 63.01% of shares are held by institutional investors.
Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) Director Kerry Whorton Cooper sold 1,500 shares of the firm's stock in a transaction on Friday, December 12th. The shares were sold at an average price of $50.00, for a total transaction of $75,000.00. Following the completion of the transaction, the director directly owned 23,934 shares of the company's stock, valued at $1,196,700. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Upstart Trading Up 1.9%
NASDAQ UPST opened at $46.91 on Wednesday. The firm has a market capitalization of $4.56 billion, a P/E ratio of 213.24 and a beta of 2.27. The firm's fifty day moving average price is $45.19 and its two-hundred day moving average price is $58.93. Upstart Holdings, Inc. has a 1 year low of $31.40 and a 1 year high of $96.43.
Upstart (NASDAQ:UPST - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.10. Upstart had a net margin of 3.33% and a return on equity of 3.68%. The company had revenue of $258.54 million during the quarter, compared to the consensus estimate of $288.94 million. During the same quarter last year, the firm posted ($0.07) EPS. The company's quarterly revenue was up 70.9% on a year-over-year basis. On average, research analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have commented on UPST shares. BTIG Research reiterated a "neutral" rating on shares of Upstart in a report on Wednesday, November 5th. Stephens reduced their price objective on Upstart from $55.00 to $40.00 and set an "equal weight" rating for the company in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Upstart in a research report on Monday. Piper Sandler dropped their price target on Upstart from $80.00 to $56.00 and set an "overweight" rating for the company in a report on Wednesday, November 5th. Finally, Morgan Stanley set a $45.00 price objective on Upstart in a report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.50.
Check Out Our Latest Research Report on Upstart
Institutional Trading of Upstart
A number of institutional investors have recently modified their holdings of the stock. Swiss Life Asset Management Ltd acquired a new stake in shares of Upstart during the 3rd quarter worth $200,000. Groupama Asset Managment bought a new stake in Upstart during the third quarter worth about $25,400,000. CIBC Bancorp USA Inc. acquired a new stake in Upstart during the third quarter worth about $456,000. EMC Capital Management grew its stake in Upstart by 14.5% during the third quarter. EMC Capital Management now owns 9,850 shares of the company's stock worth $500,000 after buying an additional 1,250 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Upstart in the 3rd quarter valued at about $997,000. 63.01% of the stock is currently owned by institutional investors.
Upstart Company Profile
(
Get Free Report)
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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