Upstart Holdings, Inc. (NASDAQ:UPST) Receives Average Rating of “Hold” from Brokerages

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) have been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $61.80.

Several brokerages recently commented on UPST. Wedbush lifted their price objective on Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Needham & Company LLC raised shares of Upstart from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Friday, December 13th. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $95.00 in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. downgraded shares of Upstart from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $45.00 to $57.00 in a research report on Monday, December 2nd.

Insiders Place Their Bets

In other Upstart news, CTO Paul Gu sold 4,019 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $75.00, for a total transaction of $301,425.00. Following the completion of the transaction, the chief technology officer now owns 863,065 shares of the company’s stock, valued at $64,729,875. This represents a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $65.15, for a total value of $2,714,605.05. Following the completion of the sale, the chief executive officer now directly owns 61,512 shares in the company, valued at $4,007,506.80. This trade represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 477,868 shares of company stock worth $30,620,588. Corporate insiders own 18.06% of the company’s stock.

Hedge Funds Weigh In On Upstart

Several institutional investors have recently added to or reduced their stakes in UPST. GAMMA Investing LLC boosted its position in shares of Upstart by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock valued at $83,000 after acquiring an additional 224 shares during the last quarter. Tidal Investments LLC lifted its position in Upstart by 1,413.7% during the third quarter. Tidal Investments LLC now owns 333,463 shares of the company’s stock valued at $13,342,000 after purchasing an additional 311,434 shares during the last quarter. Synergy Financial Group LTD bought a new position in Upstart during the third quarter valued at $258,000. Orion Capital Management LLC increased its holdings in shares of Upstart by 5.1% in the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after buying an additional 270 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Upstart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock valued at $72,702,000 after buying an additional 29,482 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Trading Down 0.9 %

NASDAQ:UPST opened at $63.52 on Tuesday. The company has a market cap of $5.79 billion, a PE ratio of -32.91 and a beta of 2.26. The company has a 50 day simple moving average of $68.76 and a two-hundred day simple moving average of $47.31. Upstart has a 12 month low of $20.60 and a 12 month high of $88.95.

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.