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Needham analysts upgrades a Buy rating for Upstart Holdings Inc (UPST)

Upstart Holdings Inc’s filing revealed that its Officer Girouard Dave acquired Company’s shares for reported $3.47 million on Dec 16 ’24. In the deal valued at $83.28 per share,41,667 shares were bought.

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Then, Gu Paul sold 40,226 shares, generating $3,035,318 in total proceeds. Upon selling the shares at $75.46, the Chief Technology Offier now owns 863,065 shares.

Before that, Gu Paul sold 28,155 shares. Upstart Holdings Inc shares valued at $2,113,326 were divested by the Chief Technology Offier at a price of $75.06 per share. As a result of the transaction, Gu Paul now holds 863,065 shares, worth roughly $72.42 million.

Needham upgraded its Upstart Holdings Inc [UPST] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “a Buy”. JP Morgan also remained covering UPST and has decreased its forecast on December 02, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. BTIG Research revised its rating on November 11, 2024. It rated UPST as “a Neutral” which previously was an “a Sell”.

Price Performance Review of UPST

On Monday, Upstart Holdings Inc [NASDAQ:UPST] saw its stock fall -0.65% to $83.91. Over the last five days, the stock has gained 9.84%. Upstart Holdings Inc shares have risen nearly 105.36% since the year began. Nevertheless, the stocks have risen 85.48% over the past one year. While a 52-week high of $88.95 was reached on 12/13/24, a 52-week low of $20.60 was recorded on 08/05/24. SMA at 50 days reached $62.78, while 200 days put it at $37.17.

Levels Of Support And Resistance For UPST Stock

The 24-hour chart illustrates a support level at 81.59, which if violated will result in even more drops to 79.28. On the upside, there is a resistance level at 85.85. A further resistance level may holdings at 87.80. The Relative Strength Index (RSI) on the 14-day chart is 65.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.84%. Stochastics %K at 70.74% indicates the stock is a holding.

How much short interest is there in Upstart Holdings Inc?

A steep rise in short interest was recorded in Upstart Holdings Inc stocks on 2024-11-29, dropping by -0.91 million shares to a total of 21.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 22.48 million shares. There was a decline of -4.2%, which implies that there is a negative sentiment for the stock.

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