Valeo Financial Advisors LLC Sells 4,951 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Valeo Financial Advisors LLC reduced its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 40.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,431 shares of the company’s stock after selling 4,951 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Upstart were worth $304,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in shares of Upstart by 805.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 21,710 shares of the company’s stock valued at $887,000 after purchasing an additional 19,313 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Upstart by 0.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,018,354 shares of the company’s stock worth $41,610,000 after buying an additional 5,875 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Upstart by 5.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 11,805 shares of the company’s stock worth $482,000 after buying an additional 619 shares during the period. Prime Capital Investment Advisors LLC boosted its position in Upstart by 23.4% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 10,755 shares of the company’s stock valued at $439,000 after acquiring an additional 2,038 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Upstart by 3,532.7% in the 4th quarter. International Assets Investment Management LLC now owns 329,740 shares of the company’s stock valued at $13,473,000 after acquiring an additional 320,663 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Upstart from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Wednesday, February 14th. Bank of America started coverage on shares of Upstart in a research report on Thursday, April 4th. They set an “underperform” rating and a $22.00 price target for the company. Piper Sandler reaffirmed a “neutral” rating and issued a $28.00 price objective on shares of Upstart in a research report on Tuesday, March 19th. Finally, Mizuho increased their target price on shares of Upstart from $19.00 to $23.00 and gave the company an “underperform” rating in a research report on Thursday, January 18th. Five analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Upstart presently has an average rating of “Hold” and a consensus price target of $26.00.

Upstart Price Performance

Shares of UPST opened at $21.94 on Tuesday. The firm has a market capitalization of $1.93 billion, a PE ratio of -7.57 and a beta of 1.94. The company’s fifty day moving average price is $26.52 and its 200-day moving average price is $29.71. Upstart Holdings, Inc. has a 1-year low of $11.93 and a 1-year high of $72.58.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.05. Upstart had a negative return on equity of 35.47% and a negative net margin of 46.76%. The business had revenue of $140.31 million for the quarter, compared to the consensus estimate of $135.28 million. As a group, research analysts anticipate that Upstart Holdings, Inc. will post -2.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Paul Gu sold 60,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $26.31, for a total value of $1,578,600.00. Following the sale, the chief technology officer now directly owns 893,596 shares of the company’s stock, valued at approximately $23,510,510.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Upstart news, CTO Paul Gu sold 60,000 shares of Upstart stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $26.31, for a total transaction of $1,578,600.00. Following the completion of the transaction, the chief technology officer now owns 893,596 shares in the company, valued at approximately $23,510,510.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Datta sold 1,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $27.50, for a total value of $27,500.00. Following the completion of the transaction, the chief financial officer now directly owns 400,536 shares of the company’s stock, valued at approximately $11,014,740. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,777 shares of company stock valued at $1,864,629. 18.06% of the stock is owned by insiders.

Upstart 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.