Twin Peaks Wealth Advisors LLC Invests $213,000 in Upstart Holdings, Inc. (NASDAQ:UPST)

Twin Peaks Wealth Advisors LLC purchased a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,333 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds have also made changes to their positions in UPST. Anfield Capital Management LLC acquired a new position in Upstart in the 2nd quarter valued at approximately $33,000. Blue Trust Inc. raised its stake in shares of Upstart by 125.3% during the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after purchasing an additional 550 shares in the last quarter. Indiana Trust & Investment Management Co bought a new stake in shares of Upstart in the 3rd quarter valued at approximately $43,000. GAMMA Investing LLC increased its holdings in Upstart by 259.0% in the second quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock worth $52,000 after buying an additional 1,590 shares during the last quarter. Finally, Comerica Bank grew its position in Upstart by 144.0% in the first quarter. Comerica Bank now owns 2,313 shares of the company’s stock worth $62,000 after acquiring an additional 1,365 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Trading Up 2.9 %

UPST traded up $1.48 on Wednesday, hitting $51.90. 1,131,184 shares of the stock traded hands, compared to its average volume of 6,634,159. The business has a fifty day moving average price of $42.59 and a two-hundred day moving average price of $31.73. The firm has a market capitalization of $4.65 billion, a PE ratio of -21.55 and a beta of 2.01. Upstart Holdings, Inc. has a 52 week low of $19.84 and a 52 week high of $57.40.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.22. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. The firm had revenue of $127.63 million for the quarter, compared to analyst estimates of $124.55 million. During the same quarter in the previous year, the firm posted ($0.34) EPS. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts forecast that Upstart Holdings, Inc. will post -2.39 EPS for the current fiscal year.

Insider Transactions at Upstart

In other Upstart news, CFO Sanjay Datta sold 1,500 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $53.81, for a total value of $80,715.00. Following the transaction, the chief financial officer now directly owns 335,593 shares in the company, valued at approximately $18,058,259.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $53.81, for a total value of $80,715.00. Following the transaction, the chief financial officer now owns 335,593 shares of the company’s stock, valued at approximately $18,058,259.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,264 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $38.36, for a total transaction of $48,487.04. Following the sale, the insider now directly owns 24,557 shares of the company’s stock, valued at approximately $942,006.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 312,459 shares of company stock valued at $13,667,605. 18.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UPST has been the subject of several analyst reports. Barclays lifted their price objective on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Mizuho boosted their target price on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Citigroup raised shares of Upstart from a “sell” rating to a “neutral” rating and lifted their price target for the company from $15.00 to $33.00 in a research report on Wednesday, August 7th. Wedbush upgraded shares of Upstart from an “underperform” rating to a “neutral” rating and raised their target price for the company from $10.00 to $45.00 in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Upstart has an average rating of “Hold” and an average price target of $31.50.

About Upstart

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.