Upstart (NASDAQ:UPST) updated its fourth quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.500-$0.520 for the period, compared to the Thomson Reuters consensus estimate of $0.200. The company issued revenue guidance of $255 million-$265 million, compared to the consensus revenue estimate of $226.57 million.
Several analysts recently issued reports on the stock. Bank of America lowered shares of Upstart from a neutral rating to an underperform rating and set a $300.00 price objective on the stock. in a report on Monday, October 18th. Barclays boosted their price objective on shares of Upstart from $230.00 to $345.00 and gave the company an overweight rating in a report on Monday, September 20th. Citigroup lowered shares of Upstart from a buy rating to a neutral rating and set a $350.00 price objective on the stock. in a report on Monday, September 20th. Jefferies Financial Group lowered shares of Upstart from a buy rating to a hold rating and boosted their price objective for the company from $160.00 to $330.00 in a report on Tuesday, October 26th. Finally, Atlantic Securities assumed coverage on shares of Upstart in a report on Monday, September 6th. They issued an overweight rating and a $290.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Upstart presently has a consensus rating of Hold and a consensus price target of $256.55.
NASDAQ UPST traded up $10.24 during trading on Thursday, hitting $207.60. The stock had a trading volume of 4,316,971 shares, compared to its average volume of 4,004,600. The company has a market capitalization of $17.01 billion and a PE ratio of 259.50. The firm has a 50 day moving average price of $306.79 and a 200 day moving average price of $208.66. Upstart has a twelve month low of $22.61 and a twelve month high of $401.49.
In related news, CEO Dave Girouard sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $225.43, for a total transaction of $28,178,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Natalia Mirgorodskaya sold 278 shares of the business’s stock in a transaction that occurred on Tuesday, November 23rd. The stock was sold at an average price of $198.52, for a total value of $55,188.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,536,774 shares of company stock valued at $388,605,145. Corporate insiders own 25.20% of the company’s stock.
A hedge fund recently bought a new stake in Upstart stock. Dimensional Fund Advisors LP acquired a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,283 shares of the company’s stock, valued at approximately $1,039,000. 48.11% of the stock is currently owned by institutional investors and hedge funds.
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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