Upstart (UPST) to Release Earnings on Tuesday

Upstart (NASDAQ:UPST) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Upstart to post earnings of ($0.38) per share for the quarter. Upstart has set its Q1 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, February 13th. The company reported ($0.51) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.05. Upstart had a negative return on equity of 35.47% and a negative net margin of 46.76%. The company had revenue of $140.31 million during the quarter, compared to analyst estimates of $135.28 million. On average, analysts expect Upstart to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Upstart Price Performance

NASDAQ:UPST opened at $23.04 on Tuesday. Upstart has a 12-month low of $11.93 and a 12-month high of $72.58. The business has a 50 day simple moving average of $24.89 and a 200 day simple moving average of $29.35. The firm has a market capitalization of $2.02 billion, a P/E ratio of -7.94 and a beta of 1.94.

Analyst Ratings Changes

A number of analysts recently weighed in on UPST shares. Mizuho increased their price objective on shares of Upstart from $19.00 to $23.00 and gave the stock an “underperform” rating in a report on Thursday, January 18th. JMP Securities reaffirmed a “market perform” rating on shares of Upstart in a report on Wednesday, April 17th. Bank of America began coverage on Upstart in a report on Thursday, April 4th. They issued an “underperform” rating and a $22.00 price objective for the company. Piper Sandler reiterated a “neutral” rating and set a $28.00 price target on shares of Upstart in a research report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. lowered their price target on Upstart from $26.00 to $24.00 and set an “underweight” rating on the stock in a report on Wednesday, February 14th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Upstart has an average rating of “Hold” and a consensus price target of $26.00.

Insider Buying and Selling at Upstart

In related news, insider Natalia Mirgorodskaya sold 1,919 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.30, for a total value of $46,631.70. Following the sale, the insider now directly owns 28,246 shares in the company, valued at approximately $686,377.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Paul Gu sold 60,000 shares of Upstart stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $26.31, for a total value of $1,578,600.00. Following the transaction, the chief technology officer now owns 893,596 shares of the company’s stock, valued at approximately $23,510,510.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalia Mirgorodskaya sold 1,919 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.30, for a total transaction of $46,631.70. Following the sale, the insider now directly owns 28,246 shares of the company’s stock, valued at $686,377.80. The disclosure for this sale can be found here. In the last three months, insiders sold 66,419 shares of company stock valued at $1,750,272. 18.06% of the stock is owned by 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.