Blue Trust Inc. Has $40,000 Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Blue Trust Inc. boosted its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 125.3% in the third quarter, Holdings Channel reports. The firm owned 989 shares of the company’s stock after purchasing an additional 550 shares during the period. Blue Trust Inc.’s holdings in Upstart were worth $40,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Anfield Capital Management LLC bought a new stake in shares of Upstart in the second quarter worth $33,000. Indiana Trust & Investment Management Co acquired a new position in shares of Upstart in the third quarter valued at about $43,000. GAMMA Investing LLC lifted its holdings in shares of Upstart by 259.0% in the second quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock worth $52,000 after acquiring an additional 1,590 shares during the last quarter. Comerica Bank lifted its holdings in shares of Upstart by 144.0% in the first quarter. Comerica Bank now owns 2,313 shares of the company’s stock worth $62,000 after acquiring an additional 1,365 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Upstart by 18.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock valued at $63,000 after buying an additional 409 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

UPST has been the subject of several recent analyst reports. Mizuho raised their price objective on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday, August 20th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Barclays boosted their price objective on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Finally, Wedbush upgraded Upstart from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $10.00 to $45.00 in a report on Monday, October 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.50.

Upstart Stock Performance

Shares of NASDAQ:UPST opened at $48.48 on Friday. Upstart Holdings, Inc. has a 52-week low of $19.84 and a 52-week high of $57.40. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of -20.72 and a beta of 2.01. The stock’s 50-day simple moving average is $43.11 and its two-hundred day simple moving average is $32.17.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.22. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The business had revenue of $127.63 million for the quarter, compared to the consensus estimate of $124.55 million. During the same quarter in the previous year, the company posted ($0.34) EPS. The company’s revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts forecast that Upstart Holdings, Inc. will post -2.39 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Sanjay Datta sold 1,500 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $53.81, for a total transaction of $80,715.00. Following the completion of the transaction, the chief financial officer now owns 335,593 shares in the company, valued at $18,058,259.33. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Natalia Mirgorodskaya sold 1,264 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.36, for a total value of $48,487.04. Following the transaction, the insider now directly owns 24,557 shares of the company’s stock, valued at approximately $942,006.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Datta sold 1,500 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $53.81, for a total value of $80,715.00. Following the completion of the sale, the chief financial officer now owns 335,593 shares in the company, valued at $18,058,259.33. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,959 shares of company stock valued at $13,745,155. 18.06% of the stock is currently owned by insiders.

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.