Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) insider Sanjay Datta sold 15,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total value of $456,150.00. Following the sale, the insider owned 313,556 shares of the company's stock, valued at approximately $9,535,237.96. The trade was a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Sanjay Datta also recently made the following trade(s):
- On Wednesday, May 20th, Sanjay Datta sold 7,985 shares of Upstart stock. The stock was sold at an average price of $28.77, for a total value of $229,728.45.
- On Friday, May 15th, Sanjay Datta sold 1,817 shares of Upstart stock. The stock was sold at an average price of $29.56, for a total value of $53,710.52.
Upstart Trading Up 4.9%
Shares of Upstart stock opened at $31.79 on Friday. The business has a 50-day moving average price of $30.19 and a two-hundred day moving average price of $35.66. Upstart Holdings, Inc. has a 1-year low of $23.97 and a 1-year high of $87.30. The company has a market cap of $3.04 billion, a P/E ratio of 83.66, a PEG ratio of 0.80 and a beta of 2.26.
Upstart (NASDAQ:UPST - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.46). Upstart had a return on equity of 5.63% and a net margin of 4.34%.The business had revenue of $308.21 million for the quarter, compared to analyst estimates of $301.30 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The business's revenue was up 44.3% on a year-over-year basis. Equities research analysts forecast that Upstart Holdings, Inc. will post 0.92 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 purchase up to 3.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.
Institutional Trading of Upstart
Several large investors have recently made changes to their positions in UPST. AQR Capital Management LLC grew its stake in shares of Upstart by 89.5% in the 1st quarter. AQR Capital Management LLC now owns 96,706 shares of the company's stock valued at $4,451,000 after buying an additional 45,664 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Upstart by 13.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,628 shares of the company's stock valued at $213,000 after buying an additional 563 shares during the period. NewEdge Advisors LLC grew its stake in shares of Upstart by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company's stock valued at $92,000 after buying an additional 333 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 buying an additional 27,287 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Upstart in the 1st quarter valued at about $208,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Morgan Stanley set a $35.00 price target on Upstart in a report on Thursday, May 7th. Citigroup restated a "market underperform" rating on shares of Upstart in a research note on Thursday. Zacks Research upgraded Upstart from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. B. Riley Financial reduced their target price on Upstart from $66.00 to $54.00 and set a "buy" rating for the company in a research note on Wednesday, May 6th. Finally, Needham & Company LLC reduced their target price on Upstart from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Upstart presently has a consensus rating of "Hold" and a consensus price target of $44.73.
Read Our Latest Analysis on UPST
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.
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