Weekly Investment Analysts’ Ratings Changes for Upstart (UPST)

Several analysts have recently updated their ratings and price targets for Upstart (NASDAQ: UPST):

• 11/11/2024 – Upstart was upgraded by analysts at BTIG Research from a “sell” rating to a “neutral” rating.
• 11/8/2024 – Upstart was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $85.00 price target on the stock, up previously from $31.00.
• 11/8/2024 – Upstart had its price target raised by analysts at Wedbush from $45.00 to $60.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Upstart was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $45.00 price target on the stock, up previously from $30.00.
• 11/8/2024 – Upstart was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $87.00 price target on the stock, up previously from $56.00.
• 10/14/2024 – Upstart was upgraded by analysts at Wedbush from an “underperform” rating to a “neutral” rating. They now have a $45.00 price target on the stock, up previously from $10.00.

Upstart Trading Down 0.1 %

NASDAQ:UPST traded down $0.08 during trading hours on Wednesday, reaching $78.43. The company had a trading volume of 5,319,858 shares, compared to its average volume of 6,891,025. The firm’s 50 day moving average price is $53.10 and its 200-day moving average price is $37.61. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of -40.64 and a beta of 1.97. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $86.07.

Insiders Place Their Bets

In other Upstart news, insider Scott Darling sold 84,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $50.02, for a total transaction of $4,201,680.00. Following the transaction, the insider now directly owns 152,043 shares in the company, valued at $7,605,190.86. This trade represents a 35.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Paul Gu sold 21,214 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $75.03, for a total transaction of $1,591,686.42. Following the transaction, the chief technology officer now owns 863,065 shares in the company, valued at approximately $64,755,766.95. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 451,742 shares of company stock worth $24,719,949 over the last three months. 18.06% of the stock is currently owned by company insiders.

Institutional Trading of Upstart

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Upstart by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock worth $191,698,000 after acquiring an additional 115,057 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Upstart by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,350 shares of the company’s stock valued at $1,139,000 after acquiring an additional 2,770 shares in the last quarter. Comerica Bank raised its stake in Upstart by 144.0% in the 1st quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after purchasing an additional 1,365 shares during the last quarter. EMC Capital Management boosted its stake in Upstart by 16.2% during the 1st quarter. EMC Capital Management now owns 4,300 shares of the company’s stock worth $109,000 after purchasing an additional 600 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of Upstart by 66.6% during the first quarter. Cetera Advisors LLC now owns 17,258 shares of the company’s stock worth $464,000 after buying an additional 6,899 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.