AGF Management Ltd. Acquires Shares of 93,126 Upstart Holdings, Inc. (NASDAQ:UPST)

AGF Management Ltd. bought a new stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 93,126 shares of the company's stock, valued at approximately $5,734,000. AGF Management Ltd. owned 0.10% of Upstart at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UPST. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Upstart during the 3rd quarter valued at $35,000. BNP Paribas bought a new stake in shares of Upstart during the 3rd quarter valued at $37,000. Prospera Private Wealth LLC bought a new stake in shares of Upstart during the 3rd quarter valued at $47,000. GAMMA Investing LLC raised its stake in shares of Upstart by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company's stock valued at $83,000 after purchasing an additional 224 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Upstart by 49.1% during the 4th quarter. Blue Trust Inc. now owns 1,475 shares of the company's stock valued at $91,000 after purchasing an additional 486 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UPST shares. Needham & Company LLC boosted their price objective on Upstart from $100.00 to $108.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. B. Riley upgraded Upstart from a "neutral" rating to a "buy" rating and upped their target price for the stock from $49.00 to $105.00 in a research note on Wednesday, February 12th. Bank of America upped their target price on Upstart from $33.00 to $39.00 and gave the stock an "underperform" rating in a research note on Wednesday, February 12th. Piper Sandler restated an "overweight" rating and issued a $105.00 target price (up from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. Finally, Morgan Stanley upgraded Upstart from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $12.00 to $70.00 in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $73.38.

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Upstart Stock Performance

UPST traded down $3.35 on Thursday, hitting $46.31. 4,545,612 shares of the company were exchanged, compared to its average volume of 6,359,988. The firm has a fifty day simple moving average of $65.39 and a two-hundred day simple moving average of $59.28. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $96.43. The stock has a market capitalization of $4.34 billion, a PE ratio of -31.72 and a beta of 2.25.

Upstart (NASDAQ:UPST - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. On average, equities analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Insider Transactions at Upstart

In other news, insider Natalia Mirgorodskaya sold 794 shares of Upstart stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $62,741.88. Following the sale, the insider now directly owns 21,985 shares in the company, valued at approximately $1,737,254.70. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total value of $2,608,354.20. Following the completion of the transaction, the chief executive officer now owns 57,138 shares of the company's stock, valued at approximately $3,576,838.80. The trade was a 42.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,062 shares of company stock worth $5,247,182. 18.06% of the stock is currently owned by insiders.

Upstart Company Profile

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.