C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases Shares of 3,810 Upstart Holdings, Inc. (NASDAQ:UPST)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,810 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors have also bought and sold shares of UPST. Atria Wealth Solutions Inc. boosted its position in shares of Upstart by 186.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 19,009 shares of the company’s stock worth $1,170,000 after purchasing an additional 12,378 shares in the last quarter. Truist Financial Corp boosted its position in shares of Upstart by 20.3% during the 4th quarter. Truist Financial Corp now owns 27,113 shares of the company’s stock worth $1,669,000 after purchasing an additional 4,567 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Upstart by 3.6% during the 4th quarter. Rhumbline Advisers now owns 112,147 shares of the company’s stock worth $6,905,000 after purchasing an additional 3,922 shares in the last quarter. Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 486 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new position in shares of Upstart during the 4th quarter worth about $234,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

UPST has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $105.00 in a research report on Wednesday, February 12th. Needham & Company LLC increased their price objective on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Barclays upped their target price on shares of Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Piper Sandler restated an “overweight” rating and issued a $105.00 target price (up previously from $85.00) on shares of Upstart in a report on Wednesday, February 12th. Two investment analysts have 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.com, the stock currently has an average rating of “Hold” and an average price target of $73.38.

Insider Transactions at Upstart

In other news, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the completion of the sale, the chief executive officer now owns 57,138 shares in the company, valued at $3,576,838.80. This trade represents a 42.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kerry Whorton Cooper sold 500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $74.59, for a total transaction of $37,295.00. Following the sale, the director now owns 17,961 shares of the company’s stock, valued at approximately $1,339,710.99. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 193,983 shares of company stock worth $13,598,414 in the last quarter. Insiders own 18.06% of the company’s stock.

Upstart Stock Performance

NASDAQ:UPST opened at $79.21 on Friday. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of -54.25 and a beta of 2.25. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $96.43. The firm has a 50-day moving average price of $68.61 and a two-hundred day moving average price of $56.80.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 26.22%. As a group, sell-side analysts forecast that Upstart Holdings, Inc. will post -0.51 earnings per share for the current year.

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.