Truist Financial Cuts Upstart (NASDAQ:UPST) Price Target to $49.00

Upstart (NASDAQ:UPST) had its price objective reduced by Truist Financial from $59.00 to $49.00 in a research note published on Wednesday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other brokerages have also recently issued reports on UPST. BTIG Research restated a “neutral” rating on shares of Upstart in a research report on Wednesday, November 5th. Bank of America reduced their price objective on Upstart from $81.00 to $71.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Citigroup decreased their price objective on Upstart from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Stephens dropped their target price on Upstart from $55.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Upstart in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.27.

Upstart Stock Performance

NASDAQ UPST opened at $30.68 on Wednesday. The stock has a 50 day moving average price of $44.63 and a 200-day moving average price of $52.24. Upstart has a one year low of $29.61 and a one year high of $89.64. The company has a market capitalization of $3.01 billion, a P/E ratio of 73.05, a P/E/G ratio of 0.51 and a beta of 2.38.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Upstart had a net margin of 5.13% and a return on equity of 6.30%. The company had revenue of $296.09 million for the quarter, compared to the consensus estimate of $288.54 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Upstart’s revenue was up 35.2% on a year-over-year basis. As a group, equities analysts predict that Upstart will post -0.03 EPS for the current fiscal year.

Insider Activity at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 821 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $36.62, for a total value of $30,065.02. Following the transaction, the insider owned 27,160 shares of the company’s stock, valued at $994,599.20. This represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sanjay Datta sold 13,624 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $36.58, for a total value of $498,365.92. Following the completion of the sale, the chief financial officer owned 284,280 shares in the company, valued at approximately $10,398,962.40. The trade was a 4.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,707 shares of company stock worth $633,080 in the last quarter. 16.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC lifted its holdings in Upstart by 81.2% during the 4th quarter. Kestra Advisory Services LLC now owns 27,805 shares of the company’s stock valued at $1,216,000 after buying an additional 12,462 shares in the last quarter. Fairbanks Capital Management Inc. increased its position in shares of Upstart by 18.5% during the fourth quarter. Fairbanks Capital Management Inc. now owns 12,800 shares of the company’s stock worth $560,000 after acquiring an additional 2,000 shares during the period. Inspire Advisors LLC raised its stake in shares of Upstart by 21.5% during the fourth quarter. Inspire Advisors LLC now owns 7,742 shares of the company’s stock valued at $339,000 after acquiring an additional 1,370 shares in the last quarter. PCM Encore LLC bought a new stake in shares of Upstart during the fourth quarter valued at approximately $291,000. Finally, Morgan Stanley boosted its holdings in shares of Upstart by 154.6% in the fourth quarter. Morgan Stanley now owns 4,206,615 shares of the company’s stock valued at $183,955,000 after purchasing an additional 2,554,591 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Upstart

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.