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BTIG Research initates Upstart Holdings Inc (UPST) rating to a Sell

Upstart Holdings Inc’s filing revealed that its Chief Financial Officer Datta Sanjay unloaded Company’s shares for reported $24000.0 on Jun 10 ’24. In the deal valued at $24.00 per share,1,000 shares were sold. As a result of this transaction, Datta Sanjay now holds 379,398 shares worth roughly $8.49 million.

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Then, Gu Paul sold 15,000 shares, generating $378,002 in total proceeds. Upon selling the shares at $25.20, the Chief Technology Offier now owns 894,629 shares.

Before that, Darling Scott sold 3,000 shares. Upstart Holdings Inc shares valued at $76,334 were divested by the Chief Legal Officer at a price of $25.44 per share. As a result of the transaction, Darling Scott now holds 196,993 shares, worth roughly $4.41 million.

BTIG Research initiated its Upstart Holdings Inc [UPST] rating to a Sell in a research note published on June 07, 2024; the price target was $14. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who increased its forecast for the stock in early June from “a Sell” to “a Neutral”. BofA Securities began covering UPST with “an Underperform” recommendation on April 04, 2024. Needham started covering the stock on September 25, 2023. It rated UPST as “a Hold”.

Price Performance Review of UPST

On Monday, Upstart Holdings Inc [NASDAQ:UPST] saw its stock unchanged to $22.39. Over the last five days, the stock has lost -6.00%. Upstart Holdings Inc shares have fallen nearly -45.20% since the year began. Nevertheless, the stocks have fallen -40.61% over the past one year. While a 52-week high of $72.58 was reached on 01/02/24, a 52-week low of $19.84 was recorded on 05/08/24. SMA at 50 days reached $24.21, while 200 days put it at $28.41. A total of 4.21 million shares were traded, compared to the trading of 8.04 million shares in the previous session.

Levels Of Support And Resistance For UPST Stock

The 24-hour chart illustrates a support level at 21.84, which if violated will result in even more drops to 21.30. On the upside, there is a resistance level at 22.86. A further resistance level may holdings at 23.34. The Relative Strength Index (RSI) on the 14-day chart is 41.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.62%. Stochastics %K at 8.19% indicates the stock is a buying.

The most recent change occurred on July 27, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $49 price target.

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