Citigroup Cuts Upstart (NASDAQ:UPST) Price Target to $80.00

Upstart (NASDAQ:UPST) had its price objective trimmed by Citigroup from $100.00 to $80.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also commented on UPST. Needham & Company LLC dropped their price target on Upstart from $82.00 to $56.00 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Upstart from $88.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday. Stephens lowered their target price on Upstart from $55.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday. BTIG Research reaffirmed a “neutral” rating on shares of Upstart in a report on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on shares of Upstart from $78.00 to $54.00 and set a “sell” rating on the stock in a report on Monday, October 13th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $64.58.

Upstart Stock Up 2.3%

Shares of UPST stock opened at $38.60 on Wednesday. The company has a market capitalization of $3.76 billion, a P/E ratio of 175.46 and a beta of 2.26. Upstart has a 12-month low of $31.40 and a 12-month high of $96.43. The firm has a 50-day moving average price of $55.64 and a 200 day moving average price of $59.76.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.10. Upstart had a net margin of 3.33% and a return on equity of 3.68%. The firm had revenue of $277.11 million for the quarter, compared to analysts’ expectations of $288.94 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. The company’s quarterly revenue was up 70.9% compared to the same quarter last year. Upstart has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that Upstart will post -0.03 earnings per share for the current year.

Insider Activity at Upstart

In other news, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $64.93, for a total transaction of $2,705,438.31. Following the transaction, the chief executive officer owned 52,614 shares of the company’s stock, valued at $3,416,227.02. This represents a 44.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kerry Whorton Cooper sold 500 shares of Upstart stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total value of $34,605.00. Following the completion of the sale, the director owned 25,434 shares of the company’s stock, valued at approximately $1,760,287.14. The trade was a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 106,214 shares of company stock valued at $6,803,558 over the last quarter. 16.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Upstart

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new position in Upstart in the second quarter valued at approximately $34,000. Steward Partners Investment Advisory LLC raised its position in shares of Upstart by 72.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 864 shares of the company’s stock valued at $56,000 after acquiring an additional 362 shares during the last quarter. State of Wyoming bought a new stake in shares of Upstart during the 2nd quarter valued at $61,000. Cornerstone Planning Group LLC boosted its position in shares of Upstart by 9,454.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,051 shares of the company’s stock worth $49,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Upstart by 29.1% during the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after purchasing an additional 241 shares during the period. 63.01% of the stock is owned by institutional investors.

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.