Upstart Holdings, Inc. (NASDAQ:UPST – Get Rating) traded up 3.9% on Wednesday . The stock traded as high as $23.92 and last traded at $23.92. 40,907 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 6,096,643 shares. The stock had previously closed at $23.03.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group cut Upstart from a "neutral" rating to a "sell" rating in a report on Sunday, July 10th. Stephens decreased their target price on Upstart from $28.00 to $23.00 and set an "underweight" rating for the company in a research report on Tuesday, August 9th. Atlantic Securities lowered Upstart from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $32.00 to $22.00 in a research report on Thursday, August 11th. Piper Sandler decreased their target price on Upstart from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, August 9th. Finally, Bank of America decreased their target price on Upstart from $41.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, July 8th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Upstart currently has a consensus rating of "Hold" and a consensus target price of $88.38.

Upstart Stock Performance

The firm has a market cap of $1.73 billion, a P/E ratio of 23.94 and a beta of 1.05. The stock has a fifty day simple moving average of $27.05 and a 200 day simple moving average of $53.17.

Institutional Trading of Upstart

A number of institutional investors and hedge funds have recently modified their holdings of UPST. SJS Investment Consulting Inc. purchased a new position in shares of Upstart in the 1st quarter worth $25,000. Bellwether Advisors LLC boosted its stake in shares of Upstart by 40,000.0% in the 2nd quarter. Bellwether Advisors LLC now owns 802 shares of the company's stock worth $25,000 after buying an additional 800 shares during the last quarter. Tyler Stone Wealth Management purchased a new position in shares of Upstart in the 4th quarter worth $26,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Upstart by 542.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 244 shares of the company's stock worth $27,000 after buying an additional 206 shares during the last quarter. Finally, Winch Advisory Services LLC purchased a new position in shares of Upstart in the 1st quarter worth $31,000. Institutional investors own 44.80% of the company's stock.

Upstart Company Profile

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Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.

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