Upstart Holdings, Inc. (NASDAQ:UPST) Shares Sold by Azora Capital LP

Azora Capital LP lowered its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 32.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 221,480 shares of the company's stock after selling 108,275 shares during the quarter. Azora Capital LP owned 0.24% of Upstart worth $13,637,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in shares of Upstart by 3.1% during the 4th quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company's stock worth $339,000 after purchasing an additional 167 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Upstart by 24.2% in the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company's stock valued at $54,000 after purchasing an additional 172 shares during the period. Bailard Inc. boosted its holdings in Upstart by 0.5% during the fourth quarter. Bailard Inc. now owns 38,759 shares of the company's stock worth $2,386,000 after buying an additional 212 shares in the last quarter. GAMMA Investing LLC grew its position in Upstart by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company's stock worth $83,000 after buying an additional 224 shares during the period. Finally, Ancora Advisors LLC increased its holdings in Upstart by 31.3% in the fourth quarter. Ancora Advisors LLC now owns 1,575 shares of the company's stock valued at $97,000 after buying an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup lifted their price objective on Upstart from $87.00 to $108.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Needham & Company LLC decreased their price objective on shares of Upstart from $108.00 to $70.00 and set a "buy" rating on the stock in a research report on Wednesday. The Goldman Sachs Group raised their price objective on shares of Upstart from $13.50 to $15.00 and gave the stock a "sell" rating in a research note on Wednesday, February 12th. Barclays reduced their target price on Upstart from $93.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, B. Riley raised Upstart from a "neutral" rating to a "buy" rating and increased their price objective for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $63.31.

Insider Activity

In other news, insider Natalia Mirgorodskaya sold 794 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $62,741.88. Following the completion of the sale, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dave Girouard sold 4,524 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total value of $357,441.24. Following the transaction, the chief executive officer now directly owns 52,614 shares in the company, valued at $4,157,032.14. This trade represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,395 shares of company stock valued at $2,638,828. Company insiders own 16.67% of the company's stock.

Upstart Price Performance

UPST stock traded down $4.96 during trading on Wednesday, reaching $46.44. 23,967,940 shares of the stock traded hands, compared to its average volume of 6,746,376. The business's 50 day moving average price is $46.81 and its 200-day moving average price is $60.33. The firm has a market capitalization of $4.42 billion, a PE ratio of -31.81 and a beta of 2.39. Upstart Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.11. The business had revenue of $213.37 million during the quarter, compared to analysts' expectations of $201.08 million. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. The company's revenue for the quarter was up 67.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) EPS. On average, equities research analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current 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.