Inspire Advisors LLC Sells 263 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Inspire Advisors LLC decreased its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,197 shares of the company’s stock after selling 263 shares during the quarter. Inspire Advisors LLC’s holdings in Upstart were worth $443,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Upstart in the third quarter valued at about $35,000. BNP Paribas bought a new position in shares of Upstart during the 3rd quarter valued at approximately $37,000. Prospera Private Wealth LLC purchased a new stake in Upstart in the 3rd quarter worth approximately $47,000. GAMMA Investing LLC raised its stake in Upstart by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after acquiring an additional 224 shares during the period. Finally, Blue Trust Inc. raised its stake in Upstart by 49.1% during the 4th quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock worth $91,000 after acquiring an additional 486 shares during the period. Institutional investors own 63.01% of the company’s stock.

Insider Activity

In related news, 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 transaction of $62,741.88. Following the sale, the insider now owns 21,985 shares in the company, valued at approximately $1,737,254.70. This represents a 3.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Paul Gu sold 12,007 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $948,793.14. Following the sale, the chief technology officer now owns 1,006,599 shares in the company, valued at $79,541,452.98. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,062 shares of company stock worth $5,247,182. 18.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on UPST shares. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $57.00 to $79.00 in a research note on Wednesday, February 12th. Piper Sandler restated an “overweight” rating and set a $105.00 target price (up previously from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. Barclays raised their target price on shares of Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. Redburn Atlantic upgraded shares of Upstart from a “neutral” rating to a “buy” rating and raised their target price for the stock from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC raised their target price on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $73.38.

Upstart Stock Performance

NASDAQ UPST opened at $49.66 on Thursday. The company has a market capitalization of $4.65 billion, a P/E ratio of -34.01 and a beta of 2.25. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $96.43. The stock has a 50 day moving average price of $65.68 and a 200-day moving average price of $59.37.

Upstart (NASDAQ:UPST) last posted its earnings results 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%. As a group, equities analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

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.