Upstart Holdings, Inc. (NASDAQ:UPST) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 12,752.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,699 shares of the company’s stock after purchasing an additional 2,678 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Upstart were worth $124,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UPST. Jones Financial Companies Lllp grew its holdings in Upstart by 3.1% in the 4th quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock valued at $339,000 after buying an additional 167 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Upstart by 24.2% in the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after purchasing an additional 172 shares during the period. Bailard Inc. increased its position in Upstart by 0.5% during the fourth quarter. Bailard Inc. now owns 38,759 shares of the company’s stock worth $2,386,000 after purchasing an additional 212 shares during the last quarter. Crestline Management LP increased its position in Upstart by 3.8% during the fourth quarter. Crestline Management LP now owns 10,004 shares of the company’s stock worth $616,000 after purchasing an additional 364 shares during the last quarter. Finally, Ancora Advisors LLC raised its stake in Upstart by 31.3% during the fourth quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $97,000 after purchasing an additional 375 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

UPST has been the subject of several analyst reports. Bank of America raised shares of Upstart from an “underperform” rating to a “neutral” rating and set a $53.00 price target for the company in a research note on Tuesday, April 29th. Piper Sandler lowered their price objective on Upstart from $105.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. The Goldman Sachs Group lifted their target price on Upstart from $15.00 to $16.50 and gave the company a “sell” rating in a research report on Thursday, May 8th. Citigroup increased their price target on Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of Upstart in a report on Monday, May 19th. One 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $67.96.

Insider Activity

In related news, CFO Sanjay Datta sold 13,512 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $46.97, for a total value of $634,658.64. Following the completion of the transaction, the chief financial officer now directly owns 311,356 shares of the company’s stock, valued at $14,624,391.32. This trade represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,340 shares of Upstart stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $44.19, for a total value of $59,214.60. Following the transaction, the insider now directly owns 24,623 shares of the company’s stock, valued at approximately $1,088,090.37. This represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,116 shares of company stock worth $753,211 in the last 90 days. 16.67% of the stock is currently owned by corporate insiders.

Upstart Stock Performance

Shares of Upstart stock opened at $54.33 on Friday. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $96.43. The business has a 50-day simple moving average of $45.52 and a 200-day simple moving average of $58.74. The company has a market cap of $5.17 billion, a PE ratio of -37.21 and a beta of 2.29.

Upstart (NASDAQ:UPST) last announced its earnings results 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 business had revenue of $213.37 million for the quarter, compared to analysts’ expectations of $201.08 million. During the same period in the previous year, the company posted ($0.31) EPS. The company’s quarterly revenue was up 67.0% on a year-over-year basis. On average, sell-side analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

About Upstart

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.