Key Points
- Upstart insider Natalia Mirgorodskaya sold 913 shares at an average price of $30.03, totaling $27,417.39. The transaction, made under a Rule 10b5-1 plan, reduced her ownership by 2.48% to 35,875 shares.
- Upstart reported quarterly revenue of $364.71 million, up 41.9% year over year and above estimates, but earnings per share of $0.16 fell short of the $0.18 consensus.
- Analysts maintain a consensus “Hold” rating with a $44.40 price target, while UPST recently traded at $30.46 and has a market capitalization of approximately $2.96 billion.
Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) insider Natalia Mirgorodskaya sold 913 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total transaction of $27,417.39. Following the sale, the insider directly owned 35,875 shares of the company's stock, valued at approximately $1,077,326.25. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Natalia Mirgorodskaya also recently made the following trade(s):
- On Thursday, August 20th, Natalia Mirgorodskaya sold 586 shares of Upstart stock. The shares were sold at an average price of $28.09, for a total transaction of $16,460.74.
Upstart Stock Performance
UPST stock opened at $30.46 on Friday. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $76.95. The company's fifty day moving average price is $30.79 and its 200-day moving average price is $30.03. The company has a market capitalization of $2.96 billion, a PE ratio of 62.16, a price-to-earnings-growth ratio of 1.07 and a beta of 2.29.
Upstart (NASDAQ:UPST - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The company had revenue of $364.71 million for the quarter, compared to the consensus estimate of $354.74 million. Upstart had a return on equity of 7.13% and a net margin of 4.84%.Upstart's revenue was up 41.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 EPS. On average, research analysts predict that Upstart Holdings, Inc. will post 0.72 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently weighed in on UPST. Wall Street Zen upgraded Upstart from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Truist Financial set a $40.00 target price on Upstart in a research report on Wednesday, May 6th. Citigroup dropped their price target on Upstart from $80.00 to $61.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Piper Sandler increased their target price on Upstart from $46.00 to $51.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Finally, Needham & Company LLC boosted their price target on shares of Upstart from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $44.40.
Get Our Latest Stock Report on UPST
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in UPST. Cresset Asset Management LLC increased its stake in Upstart by 3.3% during the second quarter. Cresset Asset Management LLC now owns 5,241 shares of the company's stock worth $339,000 after acquiring an additional 169 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Upstart by 29.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company's stock valued at $69,000 after purchasing an additional 241 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Upstart by 5.3% in the 2nd quarter. Advisory Services Network LLC now owns 5,399 shares of the company's stock worth $349,000 after purchasing an additional 272 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Upstart by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 76,368 shares of the company's stock worth $4,939,000 after purchasing an additional 332 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Upstart by 20.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company's stock valued at $92,000 after purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.
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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