Upstart (UPST) Scheduled to Post Earnings on Tuesday

Upstart (NASDAQ:UPST) will announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.39) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.74) earnings per share for the quarter, beating the consensus estimate of ($0.80) by $0.06. The firm had revenue of $127.79 million during the quarter, compared to the consensus estimate of $124.82 million. Upstart had a negative return on equity of 27.89% and a negative net margin of 32.59%. On average, analysts expect Upstart to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Upstart Price Performance

UPST stock opened at $23.76 on Monday. The business has a 50-day moving average price of $24.85 and a 200 day moving average price of $26.07. The company has a market capitalization of $2.09 billion, a P/E ratio of -11.53 and a beta of 1.97. Upstart has a 1-year low of $19.84 and a 1-year high of $71.08.

Insider Activity at Upstart

In other Upstart news, CTO Paul Gu sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $29.52, for a total value of $2,361,600.00. Following the sale, the chief technology officer now owns 893,596 shares in the company, valued at approximately $26,378,953.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CTO Paul Gu sold 80,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $29.52, for a total transaction of $2,361,600.00. Following the transaction, the chief technology officer now owns 893,596 shares in the company, valued at approximately $26,378,953.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Datta sold 1,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $28.15, for a total value of $28,150.00. Following the transaction, the chief financial officer now owns 373,398 shares in the company, valued at approximately $10,511,153.70. The disclosure for this sale can be found here. Insiders have sold a total of 170,610 shares of company stock worth $4,704,553 over the last quarter. Insiders own 18.06% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on UPST shares. Wedbush restated an “underperform” rating and issued a $10.00 price objective on shares of Upstart in a report on Wednesday, May 8th. BTIG Research started coverage on shares of Upstart in a report on Friday, June 7th. They issued a “sell” rating and a $14.00 target price for the company. JMP Securities reiterated a “market perform” rating on shares of Upstart in a report on Wednesday, April 17th. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a report on Wednesday, May 8th. Finally, Mizuho upgraded shares of Upstart from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $17.00 to $31.00 in a report on Wednesday, July 31st. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.05.

About Upstart

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.