Wedbush Predicts Upstart’s Q4 Earnings (NASDAQ:UPST)

Upstart Holdings, Inc. (NASDAQ:UPST) – Analysts at Wedbush dropped their Q4 2024 earnings estimates for Upstart in a report released on Monday, November 25th. Wedbush analyst D. Chiaverini now anticipates that the company will post earnings of ($0.39) per share for the quarter, down from their previous forecast of ($0.38). Wedbush currently has a “Neutral” rating and a $60.00 price target on the stock. The consensus estimate for Upstart’s current full-year earnings is ($2.18) per share. Wedbush also issued estimates for Upstart’s Q1 2025 earnings at ($0.29) EPS, Q3 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.50) EPS.

A number of other research firms also recently weighed in on UPST. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $85.00 in a research report on Friday, November 8th. Barclays boosted their price target on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $30.00 to $45.00 in a report on Friday, November 8th. Mizuho lifted their price target on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $46.83.

Upstart Stock Performance

Shares of NASDAQ:UPST opened at $78.43 on Wednesday. Upstart has a 52-week low of $20.60 and a 52-week high of $86.07. The firm has a market capitalization of $7.16 billion, a P/E ratio of -40.64 and a beta of 1.97. The stock has a 50 day moving average price of $53.91 and a 200-day moving average price of $37.90.

Insider Transactions at Upstart

In other Upstart news, insider Scott Darling sold 1,300 shares of Upstart stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $40.01, for a total transaction of $52,013.00. Following the transaction, the insider now owns 161,043 shares of the company’s stock, valued at $6,443,330.43. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the completion of the sale, the chief executive officer now directly owns 61,512 shares of the company’s stock, valued at approximately $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. Insiders have sold 502,939 shares of company stock worth $28,887,725 in the last quarter. Company insiders own 18.06% of the company’s stock.

Institutional Investors Weigh In On Upstart

Institutional investors and hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new position in Upstart during the third quarter valued at approximately $334,000. Tyler Stone Wealth Management raised its holdings in shares of Upstart by 94.1% during the 3rd quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock worth $2,222,000 after acquiring an additional 26,917 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Upstart by 63.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock valued at $29,031,000 after acquiring an additional 282,481 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in shares of Upstart in the third quarter valued at $828,000. Finally, LifePro Asset Management bought a new stake in Upstart in the third quarter worth $2,008,000. Institutional investors own 63.01% of the company’s stock.

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.