Upstart (NASDAQ:UPST) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Upstart (NASDAQ:UPST) had its target price boosted by The Goldman Sachs Group from $13.50 to $15.00 in a report published on Wednesday morning,Benzinga reports. They currently have a sell rating on the stock.

UPST has been the topic of a number of other research reports. Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $95.00 in a research report on Tuesday, December 3rd. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Wedbush increased their price target on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Bank of America lifted their price objective on shares of Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research report on Wednesday. Finally, Needham & Company LLC increased their price objective on shares of Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Upstart has a consensus rating of “Hold” and a consensus price target of $67.08.

Upstart Price Performance

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

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 30.15% and a negative return on equity of 32.57%. As a group, equities analysts expect that Upstart will post -2.18 earnings per share for the current year.

Insider Activity at Upstart

In other news, CTO Paul Gu sold 65,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $66.58, for a total transaction of $4,327,700.00. Following the completion of the sale, the chief technology officer now directly owns 878,565 shares in the company, valued at approximately $58,494,857.70. This represents a 6.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total value of $2,608,354.20. Following 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 347,868 shares of company stock worth $24,056,862. Corporate insiders own 18.06% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rakuten Securities Inc. bought a new position in Upstart in the 4th quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Upstart in the third quarter valued at approximately $35,000. BNP Paribas bought a new position in Upstart in the third quarter valued at approximately $37,000. Blue Trust Inc. raised its position in Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares in the last quarter. Finally, Hollencrest Capital Management bought a new stake in Upstart during the third quarter worth $40,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Upstart

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.