Upstart Holdings, Inc. (NASDAQ:UPST) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,013,918 shares of the company’s stock after purchasing an additional 157,719 shares during the period. Vanguard Group Inc. owned approximately 8.12% of Upstart worth $286,589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of UPST. GAMMA Investing LLC acquired a new position in shares of Upstart in the 4th quarter valued at $25,000. Strs Ohio purchased a new stake in shares of Upstart in the 4th quarter valued at $57,000. ICA Group Wealth Management LLC purchased a new stake in shares of Upstart in the 4th quarter valued at $61,000. BOCHK Asset Management Ltd purchased a new stake in shares of Upstart in the 4th quarter valued at $61,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Upstart in the 4th quarter valued at $76,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UPST. Mizuho cut their price objective on Upstart from $23.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, May 9th. JMP Securities reiterated a “market perform” rating on shares of Upstart in a report on Wednesday, April 17th. BTIG Research assumed coverage on Upstart in a report on Friday, June 7th. They set a “sell” rating and a $14.00 price target on the stock. Bank of America assumed coverage on Upstart in a report on Thursday, April 4th. They set an “underperform” rating and a $22.00 price target on the stock. Finally, Piper Sandler restated a “neutral” rating and set a $28.00 price target on shares of Upstart in a report on Tuesday, March 19th. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, Upstart presently has an average rating of “Hold” and an average target price of $21.65.

Upstart Stock Performance

UPST opened at $23.59 on Friday. Upstart Holdings, Inc. has a one year low of $19.84 and a one year high of $72.58. The company has a market cap of $2.07 billion, a P/E ratio of -11.45 and a beta of 2.01. The business’s 50-day simple moving average is $24.04 and its 200-day simple moving average is $28.50.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.74) EPS for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.06. Upstart had a negative return on equity of 27.89% and a negative net margin of 32.59%. The business had revenue of $127.79 million for the quarter, compared to the consensus estimate of $124.82 million. As a group, analysts predict that Upstart Holdings, Inc. will post -2.67 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Natalia Mirgorodskaya sold 1,188 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $25.61, for a total value of $30,424.68. Following the completion of the sale, the insider now directly owns 27,977 shares of the company’s stock, valued at approximately $716,490.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Sanjay Datta sold 1,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $25.49, for a total value of $25,490.00. Following the completion of the sale, the chief financial officer now directly owns 380,398 shares of the company’s stock, valued at approximately $9,696,345.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Natalia Mirgorodskaya sold 1,188 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $25.61, for a total value of $30,424.68. Following the completion of the sale, the insider now directly owns 27,977 shares of the company’s stock, valued at $716,490.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,610 shares of company stock worth $5,476,953. 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.