JMP Securities Begins Coverage on Upstart (NASDAQ:UPST)

Posted by on Jan 14th, 2021

JMP Securities started coverage on shares of Upstart (NASDAQ:UPST) in a research note published on Monday, AnalystRatings.net reports. The firm issued a market perform rating on the stock.

A number of other brokerages also recently commented on UPST. Jefferies Financial Group initiated coverage on shares of Upstart in a research report on Monday. They issued a buy rating and a $66.00 price objective for the company. Barclays initiated coverage on shares of Upstart in a research report on Monday. They issued an equal weight rating and a $58.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $59.33.

Shares of NASDAQ:UPST opened at $57.88 on Monday. Upstart has a 52 week low of $22.61 and a 52 week high of $69.48.

In other news, SVP Paul Gu sold 213,124 shares of Upstart stock in a transaction that occurred on Friday, December 18th. The shares were sold at an average price of $18.60, for a total transaction of $3,964,106.40. Following the completion of the sale, the senior vice president now directly owns 200,000 shares in the company, valued at approximately $3,720,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dave Girouard sold 1,000,000 shares of Upstart stock in a transaction that occurred on Friday, December 18th. The shares were sold at an average price of $18.60, for a total transaction of $18,600,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,283,124 shares of company stock valued at $23,866,106.

Upstart Company Profile

There is no company description available for Upstart Holdings Inc

Featured Story: Backdoor Roth IRA Conversion and Strategy

Analyst Recommendations for Upstart (NASDAQ:UPST)

Receive News & Ratings for Upstart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upstart and related companies with MarketBeat.com's FREE daily email newsletter.