Originally published on Best Stocks Category: best stocks to buy now The target price that Wedbush analysts have set for Upstart (NASDAQ: UPST) has dropped from $15.00 to $10.00, as stated in a report that The Fly published. The findings of the research study were made public on Wednesday. The price that Wedbush has determined is acceptable for the stock to trade at to meet its objective is 36.67 percent lower than where it is currently trading.Recent reports about the company have also been provided by a variety of research professionals from a variety of different fields. Mizuho started providing coverage of Upstart on Tuesday, October 25, in the form of a research study. The market researchers have given the company a rating of “underperform,” They anticipate that the share price will reach $17.00 shortly. Stephens published a research note on Tuesday, August 9, in which they rated the stock as “underweight” and decreased their target price for Upstart from $28.00 to $23.00. In a research note published on August 11, Atlantic Securities lowered their target price for Upstart from $32.00 to $22.00, downgrading the company from “neutral” to “underweight.” On Tuesday, August 9, Piper Jaffray released a research report that lowered their target price on Upstart from $25.00 to $24.00 and gave the stock a “neutral” overall rating. The research note that Piper Sandler has written can be seen here. Barclays gave the company a rating of “equal weight” in a research note published on August 15.Additionally, they increased their price objective for Upstart from $25 to $37, which was also included in the research note. The performance of the company was discussed in the report. There are currently six research analysts who advocate selling the stock, five research analysts who advocate holding onto the stock, and two industry experts who advocate purchasing the stock. The company is currently rated as having a “Hold” status, and the average price objective is set at $59.36, as indicated by the data provided by Bloomberg.On Wednesday, the NASDAQ: UPST closed at $15.79, representing a $3.25 loss. The total number of shares of the company’s stock traded was 158,695, which is significantly lower than the average volume of the company, which is 6,211,611. The company’s market capitalization is calculated to be $1.28 billion, based on the stock’s price-to-earnings ratio of 17.96 and its beta value of 1.26, respectively. The stock’s simple moving average over the past 50 days is $23.16; its simple moving average over the past 200 days is, respectively, $34.21. Over the past 52 weeks, the share price of Upstart has fluctuated between $17.58 and $338.50.Upstart (NASDAQ: UPST) disclosed the most recent results of its financial operations on Monday, August 8. The company reported earnings per share (EPS) for the quarter at $0.36, which was $0.03 lower than the consensus expectation of $0.33. In addition to having a net margin of 8.48%, the business known as Upstart had a return on equity of 11.50%. The company’s quarterly sales came in at $228 million, significantly lower than the market experts’ forecast of $235.30 million. In the same period the year before, the business generated a profit of $0.39 for each outstanding share. In comparison to the same period the previous year, the company’s quarterly revenue increased by 17.6%. According to the forecasts of equity research analysts, Upstart will report a loss of $0.71 per share during the current financial year.In recent months, the company’s stock market has been the focus of activity from several major investors, who have been buying and selling shares. During the second quarter, GPS Wealth Strategies Group LLC was able to amass an additional 366.6% worth of Upstart stock than it had previously. During the period in question, GPS Wealth Strategies Group LLC acquired an additional 1,063 shares of the company’s stock, bringing their total holdings to 1,353 shares of the corporation’s stock with a value of $43,000. This was accomplished by purchasing additional shares through a series of transactions. A subsidiary of the Swiss National Bank known as Zurich Cantonalbank increased the percentage of ownership it held in Upstart by 23.4% during the first three months of 2018. Bank Nationale de Suisse (Zürich Kantonalbank) Zurich Cantonalbank is now the owner of 3,450 shares in the company, which have a value of $376,000, after purchasing an additional 655 shares during the period in question. This brings the total number of shares owned by the Bank Nationale de Suisse (Zurich Kantonalbank) to 3,450. Over the first three months of 2018, Intersect Capital LLC achieved a 36.2% increase in the percentage of equity it held in Upstart. After making an additional 500-share purchase during the relevant period, Intersect Capital LLC is now the owner of 1,880 shares with a combined value of $205,000. These shares were acquired during the period in question. The North Carolina State Treasurer’s Office increased the amount of Upstart stock owned by 15.2% during the second quarter of the fiscal year. The current value of the shares held by the Treasurer of the State of North Carolina is $982,000; This brings the total number of shares held by the Treasurer to 31,043, which includes the addition of 4,101 new shares. Last but not least, during the first three months of this year, GSA Capital Partners LLP opened a new position in Upstart with an investment value of $228,000. Institutional investors and hedge funds hold the total number of shares outstanding in the company to the tune of 44.80%.An artificial intelligence (AI) lending platform operated in the United States by Upstart Holdings, Inc. and its affiliated companies and hosted in the cloud is one of those platforms. The aggregated demand for consumer loans hosted on the platform is connected to the company’s network of bank partners, each of which is equipped with artificial intelligence (AI). The year 2012 marked the beginning of operations for the business, which currently operates out of San Mateo, within the boundaries of California.