Upstart’s (UPST) “Market Underperform” Rating Reiterated at Citizens Jmp

Citizens Jmp reaffirmed their market underperform rating on shares of Upstart (NASDAQ:UPST) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. Citizens Jmp currently has a $20.00 price target on the stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their price objective on Upstart from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Stephens decreased their price target on shares of Upstart from $55.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Piper Sandler cut their price objective on shares of Upstart from $80.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Bank of America decreased their target price on shares of Upstart from $81.00 to $71.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Finally, Morgan Stanley set a $45.00 price target on shares of Upstart in a research note on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.27.

Upstart Stock Up 1.6%

UPST opened at $30.68 on Friday. The stock has a market cap of $3.01 billion, a P/E ratio of 73.05, a P/E/G ratio of 0.52 and a beta of 2.38. Upstart has a 12 month low of $29.61 and a 12 month high of $89.64. The company has a fifty day simple moving average of $44.63 and a 200 day simple moving average of $51.82.

Upstart (NASDAQ:UPST) last posted its 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 return on equity of 6.30% and a net margin of 5.13%.The firm had revenue of $296.09 million during the quarter, compared to analysts’ expectations of $288.54 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The company’s revenue was up 35.2% on a year-over-year basis. On average, equities research analysts expect that Upstart will post -0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Natalia Mirgorodskaya sold 821 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $36.62, for a total transaction of $30,065.02. Following the transaction, the insider directly owned 27,160 shares of the company’s stock, valued at approximately $994,599.20. The trade was a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kerry Whorton Cooper sold 1,500 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $50.00, for a total value of $75,000.00. Following the completion of the sale, the director owned 23,934 shares in the company, valued at approximately $1,196,700. This trade represents a 5.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,707 shares of company stock valued at $633,080 over the last 90 days. 16.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of UPST. Morgan Stanley lifted its position in Upstart by 154.6% during the fourth quarter. Morgan Stanley now owns 4,206,615 shares of the company’s stock worth $183,955,000 after acquiring an additional 2,554,591 shares during the last quarter. Norges Bank acquired a new stake in Upstart during the 4th quarter worth approximately $49,915,000. Jericho Capital Asset Management L.P. lifted its holdings in Upstart by 22.6% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,480,809 shares of the company’s stock worth $227,625,000 after purchasing an additional 826,974 shares during the last quarter. Baillie Gifford & Co. bought a new stake in Upstart in the 4th quarter valued at $33,188,000. Finally, Mane Global Capital Management LP acquired a new position in Upstart in the 2nd quarter valued at $43,576,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Company Profile

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.