Barclays Forecasts Strong Price Appreciation for Upstart (NASDAQ:UPST) Stock

Upstart (NASDAQ:UPST) had its target price increased by Barclays from $80.00 to $93.00 in a report published on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts also recently commented on UPST. Wedbush boosted their price objective on shares of Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $105.00 in a report on Wednesday, February 12th. Citigroup boosted their price objective on shares of Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Bank of America boosted their price objective on shares of Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $57.00 to $79.00 in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $73.38.

Upstart Stock Performance

NASDAQ UPST opened at $79.21 on Tuesday. The firm has a market cap of $7.42 billion, a PE ratio of -54.25 and a beta of 2.25. Upstart has a one year low of $20.60 and a one year high of $96.43. The firm’s fifty day moving average is $68.61 and its two-hundred day moving average is $56.80.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 26.22%. Research analysts predict that Upstart will post -0.51 earnings per share for the current year.

Insider Buying and Selling at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 1,411 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $77.36, for a total transaction of $109,154.96. Following the sale, the insider now directly owns 18,596 shares of the company’s stock, valued at approximately $1,438,586.56. This represents a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Paul Gu sold 58,786 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $75.93, for a total transaction of $4,463,620.98. Following the sale, the chief technology officer now directly owns 863,065 shares in the company, valued at $65,532,525.45. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 193,983 shares of company stock worth $13,598,414 in the last ninety days. 18.06% of the stock is owned by insiders.

Institutional Trading of Upstart

Large investors have recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in shares of Upstart in the 4th quarter worth about $31,000. Virtus Fund Advisers LLC acquired a new stake in shares of Upstart in the 4th quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Upstart in the 3rd quarter worth about $35,000. Farther Finance Advisors LLC increased its holdings in shares of Upstart by 24.2% in the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock worth $54,000 after acquiring an additional 172 shares during the period. Finally, BNP Paribas acquired a new stake in shares of Upstart in the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.