Upstart (NASDAQ:UPST) Hits New 1-Year Low – Here’s Why

Upstart Holdings, Inc. (NASDAQ:UPST)’s share price hit a new 52-week low on Thursday . The company traded as low as $29.60 and last traded at $30.0660, with a volume of 3561717 shares traded. The stock had previously closed at $31.53.

Wall Street Analyst Weigh In

Several brokerages have commented on UPST. Weiss Ratings restated a “sell (d+)” rating on shares of Upstart in a research report on Monday, December 29th. BTIG Research reaffirmed a “neutral” rating on shares of Upstart in a report on Wednesday, November 5th. Citizens Jmp reissued a “market underperform” rating and issued a $20.00 price objective on shares of Upstart in a research note on Friday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 target price on shares of Upstart in a research note on Wednesday, February 11th. Finally, Bank of America dropped their price target on Upstart from $81.00 to $71.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Upstart presently has a consensus rating of “Hold” and an average price target of $49.50.

Upstart Price Performance

The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 71.66, a P/E/G ratio of 0.83 and a beta of 2.38. The stock has a fifty day moving average of $43.67 and a two-hundred day moving average of $50.99.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $296.09 million for the quarter, compared to analyst estimates of $288.54 million. Upstart had a return on equity of 6.30% and a net margin of 5.13%.The business’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 EPS. On average, research analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Insider Buying and Selling

In other news, insider Natalia Mirgorodskaya sold 762 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $38.91, for a total value of $29,649.42. Following the transaction, the insider owned 26,398 shares in the company, valued at approximately $1,027,146.18. The trade was a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kerry Whorton Cooper sold 1,500 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $50.00, for a total transaction of $75,000.00. Following the completion of the sale, the director directly owned 23,934 shares in the company, valued at approximately $1,196,700. This represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 16.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cresset Asset Management LLC increased its stake in shares of Upstart by 3.3% in the 2nd quarter. Cresset Asset Management LLC now owns 5,241 shares of the company’s stock valued at $339,000 after acquiring an additional 169 shares in the last quarter. Jennison Associates LLC raised its holdings in Upstart by 1.8% during the second quarter. Jennison Associates LLC now owns 11,382 shares of the company’s stock worth $736,000 after buying an additional 205 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Upstart by 3.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the company’s stock valued at $386,000 after buying an additional 218 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings 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 valued at $69,000 after buying an additional 241 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Upstart by 5.3% during the second quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock worth $349,000 after acquiring an additional 272 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

About Upstart

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.