Sherbrooke Park Advisers LLC Invests $413,000 in Upstart Holdings, Inc. (NASDAQ:UPST)

Sherbrooke Park Advisers LLC acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,701 shares of the company's stock, valued at approximately $413,000.

A number of other institutional investors have also recently added to or reduced their stakes in UPST. Rakuten Securities Inc. acquired a new stake in Upstart in the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its stake in Upstart by 24.2% during the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company's stock worth $54,000 after acquiring an additional 172 shares during the period. Blue Trust Inc. grew its holdings in shares of Upstart by 49.1% during the fourth quarter. Blue Trust Inc. now owns 1,475 shares of the company's stock valued at $91,000 after purchasing an additional 486 shares during the last quarter. R Squared Ltd acquired a new stake in Upstart in the fourth quarter worth $96,000. Finally, Ancora Advisors LLC lifted its stake 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 during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Upstart Stock Down 5.8%

Shares of NASDAQ UPST traded down $2.72 during mid-day trading on Wednesday, hitting $43.92. 5,497,346 shares of the company traded hands, compared to its average volume of 6,730,334. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $96.43. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of -30.08 and a beta of 2.39. The business has a 50 day moving average of $46.06 and a two-hundred day moving average of $60.31.

Upstart (NASDAQ:UPST - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.11. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. The company had revenue of $213.37 million during the quarter, compared to analyst estimates of $201.08 million. During the same period in the prior year, the firm earned ($0.31) earnings per share. The business's quarterly revenue was up 67.0% on a year-over-year basis. As a group, research analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America upgraded shares of Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 price target for the company in a research report on Tuesday, April 29th. Piper Sandler decreased their target price on shares of Upstart from $105.00 to $69.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. upgraded Upstart from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. Barclays raised their target price on Upstart from $42.00 to $47.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, The Goldman Sachs Group boosted their price target on Upstart from $15.00 to $16.50 and gave the stock a "sell" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $63.81.

Insider Buying and Selling

In related news, CTO Paul Gu sold 12,007 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 $948,793.14. Following the completion of the sale, the chief technology officer now directly owns 1,006,599 shares of the company's stock, valued at approximately $79,541,452.98. This represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Natalia Mirgorodskaya sold 794 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $62,741.88. Following the completion of the transaction, the insider now owns 21,985 shares in the company, valued at $1,737,254.70. This represents a 3.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,395 shares of company stock valued at $2,638,828. Company insiders own 16.67% of the company's stock.

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.