Wealthcare Advisory Partners LLC Invests $219,000 in Upstart Holdings, Inc. (NASDAQ:UPST)

Wealthcare Advisory Partners LLC purchased a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,552 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. raised its stake in shares of Upstart by 12.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 11,721 shares of the company’s stock valued at $722,000 after purchasing an additional 1,303 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Upstart in the fourth quarter valued at about $313,000. GAMMA Investing LLC raised its stake in Upstart by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock valued at $83,000 after buying an additional 224 shares in the last quarter. Tidal Investments LLC lifted its holdings in Upstart by 1,413.7% during the 3rd quarter. Tidal Investments LLC now owns 333,463 shares of the company’s stock worth $13,342,000 after buying an additional 311,434 shares during the last quarter. Finally, Synergy Financial Group LTD acquired a new position in shares of Upstart in the 3rd quarter worth approximately $258,000. 63.01% of the stock is currently owned by institutional investors.

Insider Activity at Upstart

In other news, CTO Paul Gu sold 87,600 shares of Upstart stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $69.39, for a total transaction of $6,078,564.00. Following the transaction, the chief technology officer now directly owns 863,065 shares in the company, valued at approximately $59,888,080.35. This trade represents a 9.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kerry Whorton Cooper sold 500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $74.59, for a total value of $37,295.00. Following the completion of the sale, the director now owns 17,961 shares of the company’s stock, valued at approximately $1,339,710.99. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 392,535 shares of company stock worth $26,968,327 over the last ninety days. 18.06% of the stock is currently owned by corporate insiders.

Upstart Trading Up 2.4 %

Shares of NASDAQ:UPST opened at $65.55 on Thursday. The firm’s 50 day moving average is $69.39 and its two-hundred day moving average is $50.34. The firm has a market capitalization of $5.98 billion, a P/E ratio of -33.96 and a beta of 2.26. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $88.95.

Upstart (NASDAQ:UPST) last posted its earnings results on Thursday, November 7th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.31). Upstart had a negative net margin of 30.15% and a negative return on equity of 32.57%. The business had revenue of $162.14 million during the quarter, compared to analyst estimates of $149.94 million. During the same quarter in the prior year, the business earned ($0.48) earnings per share. Analysts predict that Upstart Holdings, Inc. will post -2.18 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on UPST. Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $85.00 in a report on Friday, November 8th. Wedbush lifted their price target on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. lowered shares of Upstart from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $45.00 to $57.00 in a research note on Monday, December 2nd. Finally, Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and raised their target price for the stock from $56.00 to $87.00 in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Upstart presently has an average rating of “Hold” and an average price target of $61.80.

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.