Key Points
- Insider sale: Director Natalia Mirgorodskaya sold 866 Upstart shares on Feb. 25 at an average price of $28.79 for $24,932, reducing her stake by 3.31% to 25,289 shares (about $728k).
- Earnings beat: Upstart reported $0.17 EPS vs. $0.15 expected and revenue of $296.1M (up 35.2% year-over-year), though analysts expect -$0.03 EPS for the current year.
- $100 million buyback: The board authorized a $100M repurchase plan (up to ~3.2% of shares), a move typically interpreted as management signaling the stock may be undervalued.
Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) insider Natalia Mirgorodskaya sold 866 shares of the company's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $28.79, for a total transaction of $24,932.14. Following the completion of the transaction, the insider owned 25,289 shares of the company's stock, valued at approximately $728,070.31. The trade was a 3.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Natalia Mirgorodskaya also recently made the following trade(s):
- On Friday, February 20th, Natalia Mirgorodskaya sold 633 shares of Upstart stock. The stock was sold at an average price of $29.90, for a total transaction of $18,926.70.
Upstart Price Performance
NASDAQ UPST opened at $27.23 on Friday. The company has a fifty day moving average of $41.06 and a two-hundred day moving average of $49.01. Upstart Holdings, Inc. has a 1 year low of $26.80 and a 1 year high of $87.30. The company has a market capitalization of $2.67 billion, a PE ratio of 64.83, a P/E/G ratio of 0.77 and a beta of 2.38.
Upstart (NASDAQ:UPST - Get Free Report) last posted its earnings results on Tuesday, February 10th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $296.09 million during the quarter, compared to the consensus estimate of $288.54 million. Upstart had a return on equity of 6.30% and a net margin of 5.13%.The business's quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. On average, research analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.
Upstart announced that its Board of Directors has authorized a share buyback plan on Thursday, February 19th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management 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 target price on shares of Upstart in a report on Wednesday, November 5th. Needham & Company LLC reissued a "buy" rating and set a $56.00 price target on shares of Upstart in a report on Wednesday, February 11th. Zacks Research cut Upstart from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 17th. Finally, Piper Sandler reduced their price objective on shares of Upstart from $80.00 to $56.00 and set an "overweight" rating for the company in a research note on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $49.50.
Check Out Our Latest Stock Report on UPST
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of UPST. Clearstead Advisors LLC purchased a new position in shares of Upstart during the 3rd quarter worth about $25,000. Bayforest Capital Ltd purchased a new position in shares of Upstart in the fourth quarter valued at $25,000. Quarry LP grew its stake in shares of Upstart by 749.2% during the third quarter. Quarry LP now owns 501 shares of the company's stock valued at $25,000 after acquiring an additional 442 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company's stock valued at $39,000 after purchasing an additional 439 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Upstart during the fourth quarter worth approximately $40,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.
About Upstart
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
