Upstart (UPST) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Upstart (NASDAQ: UPST) in the last few weeks:

• 12/13/2024 – Upstart was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating. They now have a $100.00 price target on the stock.
• 12/3/2024 – Upstart was upgraded by analysts at Redburn Atlantic from a “neutral” rating to a “buy” rating. They now have a $95.00 price target on the stock, up previously from $37.00.
• 12/2/2024 – Upstart was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $57.00 price target on the stock, up previously from $45.00.
• 12/2/2024 – Upstart had its price target raised by analysts at Wedbush from $60.00 to $75.00. They now have a “neutral” rating on the stock.
• 11/11/2024 – Upstart was upgraded by analysts at BTIG Research from a “sell” rating to a “neutral” rating.
• 11/8/2024 – Upstart was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $85.00 price target on the stock, up previously from $31.00.
• 11/8/2024 – Upstart had its price target raised by analysts at Wedbush from $45.00 to $60.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Upstart was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $45.00 price target on the stock, up previously from $30.00.
• 11/8/2024 – Upstart was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $87.00 price target on the stock, up previously from $56.00.

Upstart Trading Down 1.1 %

Shares of UPST opened at $82.99 on Wednesday. The firm has a market cap of $7.57 billion, a PE ratio of -43.00 and a beta of 2.19. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $88.95. The stock has a fifty day moving average price of $64.34 and a 200-day moving average price of $43.12.

Insider Buying and Selling at Upstart

In other news, CFO Sanjay Datta sold 1,500 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $79.54, for a total value of $119,310.00. Following the transaction, the chief financial officer now directly owns 331,093 shares of the company’s stock, valued at approximately $26,335,137.22. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Darling sold 6,200 shares of Upstart stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $39.67, for a total value of $245,954.00. Following the sale, the insider now directly owns 161,043 shares of the company’s stock, valued at $6,388,575.81. This trade represents a 3.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 533,368 shares of company stock worth $32,813,134. 18.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Upstart

A number of institutional investors have recently bought and sold shares of UPST. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Upstart in the third quarter valued at $35,000. BNP Paribas purchased a new stake in shares of Upstart in the third quarter worth about $37,000. Blue Trust Inc. boosted its stake in shares of Upstart by 125.3% in the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after buying an additional 550 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Upstart during the third quarter worth about $40,000. Finally, Indiana Trust & Investment Management Co purchased a new position in Upstart during the third quarter valued at approximately $43,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.