Synergy Financial Group LTD Sells 651 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Synergy Financial Group LTD decreased its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 10.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,793 shares of the company’s stock after selling 651 shares during the period. Synergy Financial Group LTD’s holdings in Upstart were worth $357,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Upstart by 125.3% in the third 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. Sequoia Financial Advisors LLC bought a new stake in Upstart during the 3rd quarter worth about $235,000. International Assets Investment Management LLC boosted its stake in shares of Upstart by 4,087.8% during the 3rd quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock worth $9,333,000 after buying an additional 227,688 shares during the last quarter. Bristlecone Advisors LLC bought a new position in shares of Upstart in the 3rd quarter valued at about $258,000. Finally, TCI Wealth Advisors Inc. increased its position in shares of Upstart by 6.5% in the third quarter. TCI Wealth Advisors Inc. now owns 44,756 shares of the company’s stock valued at $1,791,000 after acquiring an additional 2,732 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity at Upstart

In other Upstart news, Director Kerry Whorton Cooper sold 500 shares of Upstart stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $74.59, for a total value of $37,295.00. Following the completion of the transaction, the director now directly owns 17,961 shares of the company’s stock, valued at $1,339,710.99. The trade was a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalia Mirgorodskaya sold 794 shares of the stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 167,181 shares of company stock worth $11,664,466. Corporate insiders own 18.06% of the company’s stock.

Upstart Stock Down 1.8 %

Shares of NASDAQ:UPST opened at $70.50 on Tuesday. The stock has a market cap of $6.61 billion, a PE ratio of -48.29 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. The business has a 50 day moving average of $68.09 and a 200-day moving average of $57.79.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating 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%. Equities research analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Analyst Ratings Changes

UPST has been the subject of a number of analyst reports. Barclays raised 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. Morgan Stanley upgraded shares of Upstart from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $12.00 to $70.00 in a report on Friday, February 14th. Piper Sandler reiterated an “overweight” rating and issued a $105.00 price target (up previously from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Finally, Wedbush upped their target price on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.38.

Upstart 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.