Mizuho Lowers Upstart (NASDAQ:UPST) Price Target to $51.00

Upstart (NASDAQ:UPST) had its target price reduced by Mizuho from $66.00 to $51.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 105.89% from the company’s previous close.

Several other equities research analysts have also recently commented on UPST. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Upstart in a research report on Monday, December 29th. Truist Financial lowered their price objective on shares of Upstart from $59.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. BTIG Research upgraded Upstart from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, March 16th. Zacks Research cut Upstart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Upstart in a research report on Wednesday, March 11th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $48.00.

Upstart Price Performance

Shares of NASDAQ:UPST opened at $24.77 on Thursday. The stock’s 50-day moving average is $32.86 and its 200 day moving average is $43.44. The company has a market cap of $2.43 billion, a PE ratio of 58.98, a P/E/G ratio of 0.66 and a beta of 2.44. Upstart has a 1 year low of $24.43 and a 1 year high of $87.30.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $296.09 million for the quarter, compared to analyst estimates of $288.54 million. Upstart had a return on equity of 6.30% and a net margin of 5.13%.The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. Analysts expect that Upstart will post -0.03 EPS for the current fiscal year.

Upstart announced that its board has authorized a stock repurchase program on Thursday, February 19th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Upstart

In other Upstart news, CFO Sanjay Datta sold 7,982 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $29.86, for a total value of $238,342.52. Following the sale, the chief financial officer directly owned 276,688 shares of the company’s stock, valued at approximately $8,261,903.68. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 9,481 shares of company stock worth $282,201 in the last three months. 16.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Upstart

Several large investors have recently modified their holdings of UPST. AQR Capital Management LLC grew its position in Upstart by 89.5% during the 1st quarter. AQR Capital Management LLC now owns 96,706 shares of the company’s stock valued at $4,451,000 after purchasing an additional 45,664 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Upstart by 13.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,628 shares of the company’s stock worth $213,000 after buying an additional 563 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Upstart by 20.0% during the first quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock valued at $92,000 after buying an additional 333 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Upstart by 18.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,017 shares of the company’s stock valued at $7,964,000 after acquiring an additional 27,287 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Upstart in the 1st quarter worth approximately $208,000. Hedge funds and other institutional investors 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.