Jackson Creek Investment Advisors LLC Buys Shares of 19,049 Upstart Holdings, Inc. (NASDAQ:UPST)

Jackson Creek Investment Advisors LLC bought a new stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,049 shares of the company's stock, valued at approximately $877,000.

Other large investors also recently bought and sold shares of the company. Blair William & Co. IL acquired a new stake in Upstart in the fourth quarter valued at $222,000. Vanguard Group Inc. boosted its stake in shares of Upstart by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 7,793,452 shares of the company's stock valued at $479,843,000 after acquiring an additional 369,640 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Upstart during the first quarter valued at $550,000. Cerity Partners LLC acquired a new stake in shares of Upstart during the fourth quarter valued at $209,000. Finally, Symmetry Partners LLC acquired a new stake in shares of Upstart during the fourth quarter valued at $314,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Upstart Price Performance

Shares of UPST traded up $0.06 during midday trading on Friday, reaching $77.64. The stock had a trading volume of 836,022 shares, compared to its average volume of 6,125,943. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $96.43. The firm's 50 day moving average price is $58.76 and its 200-day moving average price is $57.24. The company has a market capitalization of $7.39 billion, a P/E ratio of -103.67 and a beta of 2.37.

Upstart (NASDAQ:UPST - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.11. Upstart had a negative return on equity of 15.27% and a negative net margin of 9.20%. The business had revenue of $213.37 million for the quarter, compared to the consensus estimate of $201.08 million. During the same quarter in the previous year, the company posted ($0.31) earnings per share. Upstart's revenue for the quarter was up 67.0% compared to the same quarter last year. On average, equities analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Insider Activity

In other Upstart news, CFO Sanjay Datta sold 13,512 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $46.97, for a total value of $634,658.64. Following the transaction, the chief financial officer owned 311,356 shares in the company, valued at $14,624,391.32. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $75.07, for a total value of $3,127,941.69. Following the completion of the transaction, the chief executive officer owned 52,614 shares in the company, valued at $3,949,732.98. This trade represents a 44.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,650 shares of company stock worth $9,665,841. 16.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UPST has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 price objective on shares of Upstart in a research note on Monday, May 19th. Bank of America upgraded Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 target price on the stock in a research report on Tuesday, April 29th. Barclays raised their target price on Upstart from $42.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Morgan Stanley lowered their price objective on Upstart from $70.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. Finally, Stephens initiated coverage on Upstart in a research note on Thursday, June 12th. They set an "equal weight" rating and a $55.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $71.62.

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.

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