Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have received an average rating of “Reduce” from eleven ratings firms, according to a report by MarketBeat.com. Among the analysts covering the company, three have recommended selling the stock, seven have suggested holding it, and one has issued a buy recommendation. The average 1-year target price among these analysts is $31.50.
Several research reports have been published on Upstart. Piper Sandler raised their target price from $28.00 to $31.00 and gave the company a “neutral” rating. JPMorgan Chase & Co. increased their target price from $27.00 to $30.00 and rated the stock as “underweight.” Barclays raised their target price from $25.00 to $35.00 and gave the company an “equal weight” rating. Needham & Company LLC reiterated a “hold” rating on Upstart’s shares. Mizuho raised their target price from $33.00 to $48.00 and rated the stock as “outperform.”
Institutional investors and hedge funds have recently bought and sold shares of Upstart. Anfield Capital Management LLC acquired a new stake in the company during the second quarter, valued at approximately $33,000. Indiana Trust & Investment Management Co also acquired a new stake in the third quarter, valued at around $43,000. Benjamin F. Edwards & Company Inc. increased its stake in Upstart by 80.6% during the first quarter. GAMMA Investing LLC also lifted its stake by 259.0% during the second quarter. Finally, Comerica Bank raised its stake by 144.0% during the first quarter. Currently, institutional investors and hedge funds own 63.01% of Upstart’s stock.
Upstart’s shares opened at $54.38 on Thursday. The stock has a 1-year low of $19.84 and a 1-year high of $57.40. With a market capitalization of $4.87 billion, Upstart has a price-to-earnings ratio of -23.24 and a beta of 2.01. The company’s 50-day moving average stands at $39.94, while the 200-day moving average is $30.04.
In its most recent quarterly earnings report, Upstart beat analysts’ consensus estimates by reporting earnings per share of ($0.17), surpassing the expected ($0.39) by $0.22. The company had a negative net margin of 38.05% and a negative return on equity of 32.01%. Upstart generated $127.63 million in revenue during the quarter, slightly exceeding analyst estimates of $124.55 million. However, the firm’s revenue for the quarter was down 6.0% compared to the same period last year. Analysts anticipate that Upstart will post -2.39 earnings per share for the current fiscal year.
Upstart Holdings, Inc. operates a cloud-based artificial intelligence lending platform in the United States. The platform connects consumer loan demand to banks and credit unions, offering personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans.