Upstart Holdings, Inc. (NASDAQ:UPST) Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC grew its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,623 shares of the company’s stock after buying an additional 480 shares during the period. Inspire Advisors LLC’s holdings in Upstart were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of UPST. Magnetar Financial LLC lifted its holdings in shares of Upstart by 1,106.7% in the first quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after purchasing an additional 89,219 shares in the last quarter. Norges Bank acquired a new position in shares of Upstart during the 4th quarter valued at about $19,017,000. Vanguard Group Inc. raised its stake in shares of Upstart by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 7,013,918 shares of the company’s stock valued at $286,589,000 after acquiring an additional 157,719 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in Upstart by 273.8% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 41,115 shares of the company’s stock worth $969,000 after purchasing an additional 30,115 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Upstart during the first quarter worth approximately $1,358,000. 63.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Upstart

In other news, CEO Dave Girouard sold 3,361 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $38.35, for a total value of $128,894.35. Following the transaction, the chief executive officer now owns 61,512 shares of the company’s stock, valued at approximately $2,358,985.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Dave Girouard sold 3,361 shares of Upstart stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $38.35, for a total transaction of $128,894.35. Following the transaction, the chief executive officer now owns 61,512 shares of the company’s stock, valued at approximately $2,358,985.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Datta sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $34.85, for a total transaction of $52,275.00. Following the completion of the sale, the chief financial officer now directly owns 344,593 shares of the company’s stock, valued at approximately $12,009,066.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 159,459 shares of company stock valued at $5,990,694. 18.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on UPST. Piper Sandler upped their price objective on shares of Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. BTIG Research started coverage on Upstart in a research report on Friday, June 7th. They issued a “sell” rating and a $14.00 price target on the stock. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Barclays raised their target price on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Finally, Citigroup upgraded Upstart from a “sell” rating to a “neutral” rating and upped their price target for the stock from $15.00 to $33.00 in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.75.

Upstart Trading Up 5.4 %

UPST opened at $38.03 on Friday. Upstart Holdings, Inc. has a 1-year low of $19.84 and a 1-year high of $49.62. The stock has a market capitalization of $3.40 billion, a PE ratio of -18.46 and a beta of 2.03. The firm has a 50-day moving average price of $33.02 and a two-hundred day moving average price of $27.44.

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

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.