Upstart (NASDAQ:UPST) Reaches New 1-Year High at $359.00

Upstart Holdings, Inc. (NASDAQ:UPST) shares reached a new 52-week high on Thursday . The company traded as high as $359.00 and last traded at $359.00, with a volume of 64058 shares traded. The stock had previously closed at $344.89.

A number of equities research analysts recently weighed in on UPST shares. JMP Securities upped their price target on Upstart from $205.00 to $327.00 and gave the stock a “market outperform” rating in a report on Friday, September 17th. Citigroup cut Upstart from a “buy” rating to a “neutral” rating and set a $350.00 price target on the stock. in a report on Monday, September 20th. Barclays increased their target price on Upstart from $230.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, September 20th. The Goldman Sachs Group began coverage on Upstart in a report on Monday, July 12th. They set a “buy” rating and a $147.00 target price on the stock. Finally, Zacks Investment Research upgraded Upstart from a “hold” rating to a “buy” rating and set a $325.00 target price on the stock in a report on Thursday, October 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $218.64.

The firm has a 50-day moving average of $255.59 and a two-hundred day moving average of $169.44.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, August 10th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.37. The firm had revenue of $193.95 million during the quarter, compared to analysts’ expectations of $157.75 million. The firm’s quarterly revenue was up 1017.7% on a year-over-year basis. Analysts predict that Upstart Holdings, Inc. will post 0.87 EPS for the current year.

In other news, insider Natalia Mirgorodskaya sold 16,351 shares of the firm’s stock in a transaction dated Thursday, August 12th. The stock was sold at an average price of $167.62, for a total transaction of $2,740,754.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Gu sold 155,000 shares of the firm’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $201.88, for a total value of $31,291,400.00. The disclosure for this sale can be found here. Insiders sold 2,111,464 shares of company stock worth $449,147,257 over the last three months. 25.20% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. SOA Wealth Advisors LLC. grew its stake in Upstart by 16.4% in the third quarter. SOA Wealth Advisors LLC. now owns 320 shares of the company’s stock worth $101,000 after purchasing an additional 45 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in Upstart in the third quarter worth about $30,000. West Oak Capital LLC acquired a new position in Upstart in the third quarter worth about $32,000. Bedel Financial Consulting Inc. grew its stake in Upstart by 66.7% in the third quarter. Bedel Financial Consulting Inc. now owns 250 shares of the company’s stock worth $79,000 after purchasing an additional 100 shares in the last quarter. Finally, Carroll Financial Associates Inc. bought a new position in Upstart in the third quarter worth about $31,000. Institutional investors and hedge funds own 49.24% of the company’s stock.

Upstart Company Profile (NASDAQ:UPST)

Upstart Holdings, Inc operates a cloud- based artificial intelligence (AI) lending platform. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform.

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