Key Points
- Upstart insider Natalia Mirgorodskaya sold 974 shares on May 26 at an average price of $28.99, worth about $28,236. The sale was made under a pre-arranged Rule 10b5-1 plan, and she still held 37,374 shares afterward.
- Upstart’s latest earnings were mixed: the company posted a $0.07 loss per share, missing analyst expectations, but revenue came in at $308.21 million, above estimates and up 44.3% year over year.
- Analysts remain divided on UPST, with a consensus rating of “Hold” and an average target price of $45.79. The stock also faces added attention from a pending securities fraud class action while the company continues a $100 million share buyback program.
Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) insider Natalia Mirgorodskaya sold 974 shares of Upstart stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $28.99, for a total value of $28,236.26. Following the sale, the insider directly owned 37,374 shares of the company's stock, valued at approximately $1,083,472.26. The trade was a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Natalia Mirgorodskaya also recently made the following trade(s):
- On Wednesday, May 20th, Natalia Mirgorodskaya sold 526 shares of Upstart stock. The stock was sold at an average price of $28.77, for a total value of $15,133.02.
Upstart Price Performance
Shares of NASDAQ UPST opened at $30.72 on Thursday. The stock has a market capitalization of $2.94 billion, a PE ratio of 80.84, a P/E/G ratio of 0.82 and a beta of 2.26. The business has a fifty day moving average price of $28.95 and a two-hundred day moving average price of $36.13. Upstart Holdings, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $87.30.
Upstart (NASDAQ:UPST - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.46). The company had revenue of $308.21 million during the quarter, compared to analyst estimates of $301.30 million. Upstart had a net margin of 4.34% and a return on equity of 5.63%. Upstart's revenue was up 44.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. On average, equities analysts expect that Upstart Holdings, Inc. will post 0.92 EPS for the current year.
Upstart declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 19th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
UPST has been the subject of several analyst reports. Needham & Company LLC dropped their price objective on Upstart from $40.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, May 6th. Morgan Stanley set a $35.00 price objective on Upstart in a report on Thursday, May 7th. Truist Financial set a $40.00 price objective on Upstart in a report on Wednesday, May 6th. Zacks Research raised Upstart from a "strong sell" rating to a "hold" rating in a report on Monday, April 13th. Finally, Weiss Ratings cut Upstart from a "sell (d+)" rating to a "sell (d)" rating in a report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $45.79.
Check Out Our Latest Research Report on UPST
Hedge Funds Weigh In On Upstart
Several hedge funds and other institutional investors have recently modified their holdings of UPST. Clearstead Advisors LLC bought a new position in shares of Upstart in the 3rd quarter valued at $25,000. Bayforest Capital Ltd bought a new position in shares of Upstart in the 4th quarter valued at $25,000. Quarry LP increased its stake in shares of Upstart by 749.2% in the 3rd quarter. Quarry LP now owns 501 shares of the company's stock valued at $25,000 after purchasing an additional 442 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Upstart by 132.2% in 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 during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Upstart in the 4th quarter valued at $40,000. Institutional investors own 63.01% of the company's stock.
Key Headlines Impacting Upstart
Here are the key news stories impacting Upstart this week:
- Positive Sentiment: Insider Natalia Mirgorodskaya sold 974 shares under a pre-arranged Rule 10b5-1 plan, which reduces uncertainty around the trade and does not necessarily signal a change in outlook. Natalia Mirgorodskaya insider sale
- Neutral Sentiment: Several firms, including Berger Montague, Rosen Law Firm, and others, are reminding investors about the pending class action and lead-plaintiff deadline. These updates are largely procedural and mainly keep the lawsuit in the spotlight. Deadline approaching notice
- Negative Sentiment: The securities fraud class action itself is the key overhang, as investors accuse Upstart of breaking revenue-related promises and violating federal securities laws. That increases legal and headline risk for the stock. Securities fraud lawsuit
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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