Proficio Capital Partners LLC acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 32,263 shares of the company's stock, valued at approximately $1,986,000.
Other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Upstart during the 3rd quarter worth $35,000. BNP Paribas acquired a new position in Upstart during the 3rd quarter worth $37,000. Hollencrest Capital Management acquired a new position in Upstart during the 3rd quarter worth $40,000. Prospera Private Wealth LLC acquired a new position in Upstart during the 3rd quarter worth $47,000. Finally, Quest Partners LLC lifted its holdings in Upstart by 1,424.8% during the 3rd quarter. Quest Partners LLC now owns 1,723 shares of the company's stock worth $69,000 after buying an additional 1,610 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.
Upstart Price Performance
UPST stock traded down $1.79 during trading hours on Friday, reaching $53.69. 6,383,562 shares of the stock were exchanged, compared to its average volume of 6,334,956. The firm's 50-day moving average is $66.53 and its 200-day moving average is $59.22. The company has a market cap of $5.03 billion, a price-to-earnings ratio of -36.77 and a beta of 2.25. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $96.43.
Upstart (NASDAQ:UPST - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. As a group, equities research analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. BTIG Research raised Upstart from a "sell" rating to a "neutral" rating in a report on Monday, November 11th. Morgan Stanley raised Upstart from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $12.00 to $70.00 in a research note on Friday, February 14th. Citigroup increased their price target on Upstart from $87.00 to $108.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Bank of America increased their price target on Upstart from $33.00 to $39.00 and gave the company an "underperform" rating in a research note on Wednesday, February 12th. Finally, Barclays increased their price target on Upstart from $80.00 to $93.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $73.38.
Check Out Our Latest Analysis on Upstart
Insider Activity
In related news, CEO Dave Girouard sold 4,524 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.01, for a total value of $357,441.24. Following the completion of the sale, the chief executive officer now directly owns 52,614 shares in the company, valued at approximately $4,157,032.14. This trade represents a 7.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Natalia Mirgorodskaya sold 794 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $62,741.88. Following the completion of the sale, the insider now owns 21,985 shares of the company's stock, valued at $1,737,254.70. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,062 shares of company stock worth $5,247,182 in the last quarter. Corporate insiders own 18.06% of the company's stock.
Upstart Company Profile
(
Free Report)
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.
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