Beginner (NASDAQ:UPST) saw its target price lowered by investment analysts JMP Securities from $315.00 to $245.00 in a report on Wednesday, reports The Fly. JMP Securities’ price target would point to a potential upside of 124.54% from the company’s previous close.
UPST has been the subject of a number of other reports. Piper Sandler raised her price target on Upstart shares from $223.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wedbush lowered its price target on Upstart shares from $160.00 to $110.00 and set a “neutral” rating on the stock in a Friday, January 21 research report. Morgan Stanley began covering Upstart shares in a research report on Thursday, December 9. They set an “equal weight” rating and a price target of $200.00 on the stock. Citigroup upgraded Upstart’s shares from a “neutral” rating to a “buy” rating and set a price target of $350.00 on the stock in a Friday, Dec. 3 research report. Finally, Zacks Investment Research downgraded Upstart shares from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 18. Two equity research analysts gave the stock a sell rating, three gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat, Upstart has an average rating of “Hold” and an average price target of $261.09.
UPST stock opened at $109.11 on Wednesday. Upstart has a 52-week low of $42.51 and a 52-week high of $401.49. The company has a market cap of $8.94 billion and a price-to-earnings ratio of 136.39. The company’s 50-day moving average is $124.32 and its two-hundred-day moving average is $212.52.
In other news, General Counsel Alison Nicoll sold 7,500 shares of Upstart in a trade that took place on Wednesday, November 24. The shares were sold at an average price of $203.73, for a total value of $1,527,975.00. The transaction was disclosed in a filing with the SEC, accessible via the SEC’s website. Additionally, CEO Dave Girouard sold 12,498 shares of Upstart in a trade that took place on Wednesday, December 1. The stock was sold at an average price of $202.45, for a total transaction of $2,530,220.10. The disclosure of this sale can be found here. Insiders sold a total of 1,619,701 shares of the company worth $307,745,784 in the past ninety days. Company insiders own 25.20% of the company’s shares.
Several institutional investors have recently increased or reduced their stake in UPST. Moors & Cabot Inc. bought a new position in Upstart stock in the third quarter worth about $25,000. Outfitter Financial LLC acquired a new stake in Upstart stock during the fourth quarter worth approximately $25,000. Allworth Financial LP acquired a new stake in shares of Upstart during the third quarter worth approximately $26,000. Bank Julius Baer & Co. Ltd Zurich acquired a new equity stake in Upstart during the fourth quarter worth approximately $26,000. Finally, Wagner Wealth Management LLC acquired a new equity stake in Upstart during the third quarter worth approximately $29,000. 51.49% of the shares are currently held by institutional investors and hedge funds.
Upstart Company Profile
Upstart Holdings, Inc operates a cloud-based artificial intelligence (AI) lending platform. The company’s platform aggregates consumer loan demand and connects it to its network of company-enabled AI banking partners. Its platform connects consumers, banks and institutional investors through a shared AI lending platform.
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