Quantinno Capital Management LP Has $4.80 Million Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Quantinno Capital Management LP reduced its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 78,023 shares of the company’s stock after selling 921 shares during the quarter. Quantinno Capital Management LP’s holdings in Upstart were worth $4,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in Upstart during the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its holdings in Upstart by 24.2% during the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock worth $54,000 after purchasing an additional 172 shares during the last quarter. Blue Trust Inc. lifted its holdings in 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 during the last quarter. R Squared Ltd acquired a new position in Upstart in the 4th quarter valued at $96,000. Finally, Ancora Advisors LLC raised its holdings in Upstart by 31.3% in the 4th quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock valued at $97,000 after acquiring an additional 375 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on UPST. The Goldman Sachs Group lifted their price objective on Upstart from $15.00 to $16.50 and gave the company a “sell” rating in a report on Thursday, May 8th. Barclays lifted their price objective on Upstart from $42.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $49.00 to $105.00 in a report on Wednesday, February 12th. Bank of America raised Upstart from an “underperform” rating to a “neutral” rating and set a $53.00 price objective for the company in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $57.00 to $79.00 in a report on Wednesday, February 12th. One equities research analyst has 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 data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.81.

Insider Buying and Selling

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

Upstart Stock Performance

Upstart stock opened at $48.08 on Friday. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $96.43. The stock has a market capitalization of $4.57 billion, a P/E ratio of -32.93 and a beta of 2.39. The stock has a fifty day moving average of $46.10 and a 200-day moving average of $60.33.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.11. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. The company had revenue of $213.37 million during the quarter, compared to analysts’ expectations of $201.08 million. During the same quarter in the previous year, the firm earned ($0.31) EPS. Upstart’s revenue was up 67.0% on a year-over-year basis. On average, research analysts forecast 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.