Key Points
- CEO insider buying: Upstart CEO Paul Gu purchased 50,000 shares at an average price of $25.55, investing approximately $1.28 million and increasing his direct stake by 62.5% to 130,000 shares.
- Stock and financial performance: UPST opened at $25.10, down 3.1%, and remains well below its 52-week high of $71.38. The company’s latest quarterly revenue rose 41.9% year over year to $364.71 million, though EPS of $0.16 fell short of estimates.
- Analyst outlook remains mixed: Eight analysts rate Upstart a Buy, seven a Hold, and two a Sell, resulting in a consensus Hold rating and an average price target of $43.75. Institutional investors and hedge funds own 63.01% of the company.
Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) CEO Paul Gu purchased 50,000 shares of the company's stock in a transaction on Thursday, September 10th. The stock was bought at an average cost of $25.55 per share, for a total transaction of $1,277,500.00. Following the acquisition, the chief executive officer directly owned 130,000 shares of the company's stock, valued at $3,321,500. This represents a 62.50% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Upstart Stock Down 3.1%
UPST opened at $25.10 on Friday. The firm has a market cap of $2.44 billion, a PE ratio of 51.22, a P/E/G ratio of 0.92 and a beta of 2.16. The business has a fifty day simple moving average of $29.60 and a 200-day simple moving average of $29.68. Upstart Holdings, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $71.38.
Upstart (NASDAQ:UPST - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The company had revenue of $364.71 million for the quarter, compared to analyst estimates of $354.74 million. During the same period last year, the firm earned $0.36 earnings per share. The firm's revenue for the quarter was up 41.9% on a year-over-year basis. On average, equities research analysts anticipate that Upstart Holdings, Inc. will post 0.72 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have issued reports on UPST. Jefferies Financial Group restated a "hold" rating and set a $30.00 price objective on shares of Upstart in a report on Tuesday, June 9th. Wall Street Zen raised shares of Upstart from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Needham & Company LLC lifted their target price 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. BTIG Research restated a "buy" rating and set a $43.00 price target on shares of Upstart in a report on Wednesday, August 5th. Finally, Loop Capital assumed coverage on shares of Upstart in a research report on Tuesday. They issued a "hold" rating and a $34.00 price target for the company. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $43.75.
Get Our Latest Analysis on Upstart
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Jericho Capital Asset Management L.P. lifted its stake in Upstart by 11.9% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 5,011,809 shares of the company's stock worth $219,166,000 after acquiring an additional 531,000 shares in the last quarter. Morgan Stanley grew its stake in Upstart by 154.6% during the 4th quarter. Morgan Stanley now owns 4,206,615 shares of the company's stock valued at $183,955,000 after acquiring an additional 2,554,591 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Upstart by 3,247.5% in the 2nd quarter. California State Teachers Retirement System now owns 3,370,739 shares of the company's stock valued at $119,425,000 after purchasing an additional 3,270,046 shares during the period. Geode Capital Management LLC increased its holdings in shares of Upstart by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 2,068,515 shares of the company's stock valued at $90,469,000 after purchasing an additional 26,734 shares during the period. Finally, Halter Ferguson Financial Inc. lifted its position in shares of Upstart by 253.3% in the first quarter. Halter Ferguson Financial Inc. now owns 1,467,360 shares of the company's stock worth $37,638,000 after purchasing an additional 1,052,039 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.
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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