Research Analysts Issue Forecasts for Upstart Q4 Earnings

Upstart Holdings, Inc. (NASDAQ:UPST) – Equities research analysts at Wedbush reduced their Q4 2024 EPS estimates for Upstart in a research note issued to investors on Monday, November 25th. Wedbush analyst D. Chiaverini now forecasts that the company will post earnings of ($0.39) per share for the quarter, down from their prior estimate of ($0.38). Wedbush has a “Neutral” rating and a $60.00 price target on the stock. The consensus estimate for Upstart’s current full-year earnings is ($2.18) per share. Wedbush also issued estimates for Upstart’s Q1 2025 earnings at ($0.29) EPS, Q3 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.50) EPS.

UPST has been the subject of a number of other research reports. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the company from $56.00 to $87.00 in a report on Friday, November 8th. Mizuho increased their price objective on shares of Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $31.00 to $85.00 in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $45.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.83.

Upstart Trading Down 1.3 %

UPST stock opened at $78.51 on Wednesday. The company has a market cap of $7.16 billion, a price-to-earnings ratio of -40.68 and a beta of 1.97. Upstart has a 12 month low of $20.60 and a 12 month high of $86.07. The firm has a 50-day moving average of $53.10 and a two-hundred day moving average of $37.61.

Hedge Funds Weigh In On Upstart

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPST. Vanguard Group Inc. boosted its position in Upstart by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock valued at $191,698,000 after buying an additional 115,057 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Upstart by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,350 shares of the company’s stock valued at $1,139,000 after buying an additional 2,770 shares during the period. Comerica Bank boosted its position in Upstart by 144.0% in the 1st quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after buying an additional 1,365 shares during the period. EMC Capital Management boosted its position in Upstart by 16.2% in the 1st quarter. EMC Capital Management now owns 4,300 shares of the company’s stock valued at $109,000 after buying an additional 600 shares during the period. Finally, Cetera Advisors LLC boosted its position in Upstart by 66.6% in the 1st quarter. Cetera Advisors LLC now owns 17,258 shares of the company’s stock valued at $464,000 after buying an additional 6,899 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Activity at Upstart

In related news, insider Natalia Mirgorodskaya sold 1,511 shares of Upstart stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $69.85, for a total value of $105,543.35. Following the completion of the sale, the insider now owns 20,007 shares in the company, valued at approximately $1,397,488.95. This trade represents a 7.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the completion of the sale, the chief executive officer now owns 61,512 shares of the company’s stock, valued at $4,007,506.80. This trade represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 451,742 shares of company stock worth $24,719,949. Insiders own 18.06% of the company’s stock.

Upstart Company Profile

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.