Upstart (NASDAQ:UPST) Announces Earnings Results

Upstart (NASDAQ:UPST) posted its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02, Zacks reports. Upstart had a negative return on equity of 32.57% and a negative net margin of 30.15%. Upstart updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Upstart Stock Up 31.8 %

Shares of NASDAQ:UPST opened at $88.77 on Thursday. The company has a 50-day moving average price of $67.78 and a 200 day moving average price of $54.62. Upstart has a 12 month low of $20.60 and a 12 month high of $90.44.

Insider Buying and Selling at Upstart

In other news, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the completion of the sale, the chief executive officer now directly owns 57,138 shares in the company, valued at approximately $3,576,838.80. This trade represents a 42.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kerry Whorton Cooper sold 500 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $74.59, for a total transaction of $37,295.00. Following the sale, the director now directly owns 17,961 shares of the company’s stock, valued at $1,339,710.99. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 347,868 shares of company stock worth $24,056,862 over the last ninety days. Company insiders own 18.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on UPST. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and raised their target price for the stock from $56.00 to $87.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $57.00 to $79.00 in a research report on Wednesday. Bank of America upped their target price on shares of Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a report on Wednesday. Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and raised their price target for the company from $37.00 to $95.00 in a report on Tuesday, December 3rd. Finally, BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Upstart presently has a consensus rating of “Hold” and a consensus target price of $67.08.

Upstart Company Profile

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.