Key Points
- Sanjay Datta, Upstart's CFO, sold 7,982 shares on Feb. 20 at an average price of $29.86 for about $238,342, cutting his ownership by 2.8% to 276,688 shares (≈$8.26M).
- The Board authorized a $100 million share buyback on Feb. 19, permitting repurchases of roughly 3.2% of outstanding shares.
- Upstart beat the quarter's estimates with $0.17 EPS (vs. $0.15 expected) and $296.1M revenue, up 35.2% YoY, though analysts' consensus remains a Hold with an average target of $49.50.
Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) insider Natalia Mirgorodskaya sold 633 shares of Upstart stock in a transaction on Friday, February 20th. The stock was sold at an average price of $29.90, for a total transaction of $18,926.70. Following the sale, the insider owned 26,155 shares in the company, valued at $782,034.50. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Upstart Stock Performance
UPST opened at $28.14 on Wednesday. The business's 50-day simple moving average is $42.15 and its 200-day simple moving average is $49.55. The stock has a market capitalization of $2.76 billion, a P/E ratio of 67.00, a price-to-earnings-growth ratio of 0.71 and a beta of 2.38. Upstart Holdings, Inc. has a one year low of $26.80 and a one year high of $87.30.
Upstart (NASDAQ:UPST - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.02. The company had revenue of $296.09 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, equities research analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.
Upstart announced that its Board of Directors has authorized a share buyback program on Thursday, February 19th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. The Goldman Sachs Group raised Upstart from a "sell" rating to a "neutral" rating and lowered their price target for the stock from $44.00 to $35.00 in a report on Friday, February 13th. Morgan Stanley set a $45.00 price objective on shares of Upstart in a research note on Wednesday, November 5th. BTIG Research restated a "neutral" rating on shares of Upstart in a research note on Wednesday, November 5th. Compass Point upgraded shares of Upstart from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $20.00 to $30.00 in a research note on Tuesday, February 17th. Finally, Zacks Research downgraded shares of Upstart from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, Upstart presently has an average rating of "Hold" and an average target price of $49.50.
Read Our Latest Research Report on UPST
Institutional Trading of Upstart
Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in Upstart by 89.5% during the first quarter. AQR Capital Management LLC now owns 96,706 shares of the company's stock worth $4,451,000 after buying an additional 45,664 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Upstart by 13.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,628 shares of the company's stock worth $213,000 after acquiring an additional 563 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Upstart by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company's stock worth $92,000 after acquiring an additional 333 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Upstart by 18.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,017 shares of the company's stock valued at $7,964,000 after purchasing an additional 27,287 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Upstart in the 1st quarter valued at approximately $208,000. Hedge funds and other institutional investors own 63.01% of the company's stock.
Upstart Company Profile
(
Get Free Report)
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.
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