Raymond James Financial Services Advisors Inc. Has $773,000 Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Raymond James Financial Services Advisors Inc. increased its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPSTGet Rating) by 20.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,205 shares of the company’s stock after buying an additional 6,215 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Upstart were worth $773,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bellwether Advisors LLC raised its stake in Upstart by 40,000.0% during the 2nd quarter. Bellwether Advisors LLC now owns 802 shares of the company’s stock worth $25,000 after buying an additional 800 shares during the period. Activest Wealth Management acquired a new stake in shares of Upstart in the 3rd quarter valued at about $28,000. GPS Wealth Strategies Group LLC raised its stake in shares of Upstart by 366.6% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,353 shares of the company’s stock valued at $43,000 after purchasing an additional 1,063 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of Upstart in the 1st quarter valued at about $45,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Upstart by 58.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,818 shares of the company’s stock valued at $59,000 after purchasing an additional 673 shares during the period. Institutional investors and hedge funds own 37.43% of the company’s stock.

Upstart Stock Up 11.0 %

Shares of NASDAQ:UPST opened at $17.29 on Monday. Upstart Holdings, Inc. has a 12-month low of $12.01 and a 12-month high of $161.00. The stock has a market cap of $1.42 billion, a PE ratio of -172.90 and a beta of 1.32. The business has a 50 day moving average of $16.31 and a 200-day moving average of $22.05.

Upstart (NASDAQ:UPSTGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.23). Upstart had a return on equity of 0.70% and a net margin of 0.55%. The firm had revenue of $157.23 million for the quarter, compared to the consensus estimate of $171.67 million. Equities research analysts expect that Upstart Holdings, Inc. will post -1.63 earnings per share for the current year.

Insider Transactions at Upstart

In other news, Director Kerry Whorton Cooper sold 2,000 shares of Upstart stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $20.92, for a total value of $41,840.00. Following the completion of the sale, the director now directly owns 768 shares in the company, valued at $16,066.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Sanjay Datta sold 3,200 shares of Upstart stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $18.55, for a total value of $59,360.00. Following the completion of the sale, the chief financial officer now directly owns 53,508 shares in the company, valued at $992,573.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kerry Whorton Cooper sold 2,000 shares of Upstart stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $20.92, for a total transaction of $41,840.00. Following the completion of the sale, the director now owns 768 shares of the company’s stock, valued at $16,066.56. The disclosure for this sale can be found here. Insiders sold a total of 34,293 shares of company stock worth $577,988 over the last quarter. Company insiders own 18.87% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Jefferies Financial Group dropped their price target on Upstart from $25.00 to $20.00 in a research note on Wednesday, November 9th. Bank of America cut Upstart from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $34.00 to $15.00 in a report on Thursday, November 10th. Mizuho raised their price objective on Upstart to $14.00 and gave the company an “underperform” rating in a report on Monday, December 12th. Citigroup decreased their price objective on Upstart from $33.00 to $17.00 and set a “neutral” rating for the company in a report on Friday. Finally, Barclays decreased their price objective on Upstart to $17.00 in a report on Tuesday, November 15th. Seven analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Upstart presently has an average rating of “Hold” and an average price target of $55.21.

Upstart Profile

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Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.

Further Reading

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Institutional Ownership by Quarter for Upstart (NASDAQ:UPST)

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