Upstart (NASDAQ:UPST) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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

Upstart Price Performance

Upstart stock traded down $3.60 during trading hours on Tuesday, reaching $67.34. The company had a trading volume of 12,059,000 shares, compared to its average volume of 4,342,878. Upstart has a 12-month low of $20.60 and a 12-month high of $88.95. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of -34.89 and a beta of 2.25. The company has a 50-day moving average price of $67.60 and a 200 day moving average price of $54.09.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Needham & Company LLC upgraded Upstart from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Friday, December 13th. Wedbush boosted their price target on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and raised their price objective for the company from $56.00 to $87.00 in a research note on Friday, November 8th. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Finally, Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and raised their price target for the company from $31.00 to $85.00 in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.80.

Insider Buying and Selling

In related news, CEO Dave Girouard sold 41,667 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total value of $2,608,354.20. Following the completion of the transaction, the chief executive officer now directly owns 57,138 shares of the company’s stock, valued at $3,576,838.80. This represents a 42.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Paul Gu sold 65,000 shares of Upstart stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $66.58, for a total value of $4,327,700.00. Following the sale, the chief technology officer now directly owns 878,565 shares in the company, valued at approximately $58,494,857.70. The trade was a 6.89 % 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 valued at $24,056,862 over the last three months. 18.06% of the stock is owned by company insiders.

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.