Versor Investments LP Takes Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Versor Investments LP bought a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,400 shares of the company’s stock, valued at approximately $640,000.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased 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 buying an additional 224 shares during the period. Orion Capital Management LLC grew its holdings in Upstart by 5.1% during the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after acquiring an additional 270 shares in the last quarter. KBC Group NV grew its holdings in Upstart by 17.8% during the 4th quarter. KBC Group NV now owns 3,088 shares of the company’s stock worth $190,000 after acquiring an additional 467 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Upstart by 49.1% in the 4th quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock valued at $91,000 after buying an additional 486 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in shares of Upstart by 10.9% in the 4th quarter. Ieq Capital LLC now owns 7,213 shares of the company’s stock valued at $444,000 after buying an additional 707 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Natalia Mirgorodskaya sold 794 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $62,741.88. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, 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 transaction, the chief executive officer now owns 57,138 shares in the company, valued at $3,576,838.80. The trade was a 42.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 167,181 shares of company stock valued at $11,664,466. Insiders own 18.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on UPST. Wedbush upped their price target on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. The Goldman Sachs Group upped 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. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Bank of America increased their price target on shares of Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and increased their price target for the company from $57.00 to $79.00 in a report 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 company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.38.

Upstart Price Performance

Upstart stock opened at $66.67 on Friday. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $96.43. The stock has a market capitalization of $6.25 billion, a P/E ratio of -45.66 and a beta of 2.25. The firm’s 50-day moving average is $67.63 and its two-hundred day moving average is $58.37.

Upstart (NASDAQ:UPST) last released its 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 25.87%. As a group, analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS 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.