Nisa Investment Advisors LLC Has $693,000 Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Nisa Investment Advisors LLC lessened its stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 45.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,251 shares of the company's stock after selling 9,294 shares during the quarter. Nisa Investment Advisors LLC's holdings in Upstart were worth $693,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UPST. Mandatum Life Insurance Co Ltd bought a new stake in Upstart in the fourth quarter worth approximately $372,000. Merit Financial Group LLC bought a new stake in Upstart in the fourth quarter worth approximately $271,000. Wealthcare Advisory Partners LLC bought a new stake in Upstart in the fourth quarter worth approximately $219,000. Harbor Capital Advisors Inc. grew its position in Upstart by 12.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 11,721 shares of the company's stock worth $722,000 after acquiring an additional 1,303 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Upstart in the fourth quarter worth approximately $313,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Upstart Stock Performance

Shares of UPST stock traded down $2.57 during mid-day trading on Friday, reaching $64.75. The company's stock had a trading volume of 2,986,081 shares, compared to its average volume of 3,755,176. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $88.95. The company has a market cap of $5.91 billion, a P/E ratio of -33.55 and a beta of 2.26. The firm's 50-day moving average is $68.89 and its two-hundred day moving average is $52.29.

Upstart (NASDAQ:UPST - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.31). The business had revenue of $162.14 million during the quarter, compared to analyst estimates of $149.94 million. Upstart had a negative net margin of 30.15% and a negative return on equity of 32.57%. During the same quarter in the prior year, the company posted ($0.48) EPS. Sell-side analysts anticipate that Upstart Holdings, Inc. will post -2.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on UPST shares. Piper Sandler raised shares of Upstart from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $31.00 to $85.00 in a research report on Friday, November 8th. Redburn Atlantic raised shares of Upstart from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $37.00 to $95.00 in a report on Tuesday, December 3rd. Citigroup raised shares of Upstart from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $56.00 to $87.00 in a report on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of Upstart from a "neutral" rating to an "underweight" rating and upped their price objective for the stock from $45.00 to $57.00 in a report on Monday, December 2nd. Finally, BTIG Research raised shares of Upstart from a "sell" rating to a "neutral" rating in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $61.80.

Insider Buying and Selling

In other news, CEO Dave Girouard sold 41,667 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $65.15, for a total value of $2,714,605.05. Following the transaction, the chief executive officer now owns 61,512 shares of the company's stock, valued at approximately $4,007,506.80. This trade represents a 40.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Datta sold 1,500 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $79.54, for a total transaction of $119,310.00. Following the completion of the transaction, the chief financial officer now directly owns 331,093 shares in the company, valued at $26,335,137.22. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 391,035 shares of company stock worth $26,890,777 in the last quarter. 18.06% of the stock is owned by corporate 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.