J.W. Cole Advisors Inc. Acquires Shares of 11,425 Upstart Holdings, Inc. (NASDAQ:UPST)

J.W. Cole Advisors Inc. acquired a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,425 shares of the company’s stock, valued at approximately $467,000.

A number of other hedge funds have also recently modified their holdings of the company. CWM LLC increased its position in shares of Upstart by 56.5% in the third quarter. CWM LLC now owns 1,169 shares of the company’s stock valued at $33,000 after acquiring an additional 422 shares during the period. New York State Common Retirement Fund increased its position in shares of Upstart by 1.8% in the third quarter. New York State Common Retirement Fund now owns 30,588 shares of the company’s stock valued at $873,000 after acquiring an additional 535 shares during the period. Compagnie Lombard Odier SCmA increased its position in shares of Upstart by 33.3% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,200 shares of the company’s stock valued at $63,000 after acquiring an additional 550 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of Upstart by 5.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 11,805 shares of the company’s stock valued at $482,000 after acquiring an additional 619 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Upstart by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 248,090 shares of the company’s stock valued at $7,080,000 after purchasing an additional 763 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insiders Place Their Bets

In other Upstart news, insider Natalia Mirgorodskaya sold 1,919 shares of Upstart stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.30, for a total value of $46,631.70. Following the completion of the transaction, the insider now directly owns 28,246 shares of the company’s stock, valued at $686,377.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Upstart news, insider Natalia Mirgorodskaya sold 1,919 shares of Upstart stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.30, for a total value of $46,631.70. Following the completion of the transaction, the insider now directly owns 28,246 shares of the company’s stock, valued at $686,377.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Darling sold 1,298 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $35.38, for a total transaction of $45,923.24. Following the transaction, the insider now directly owns 169,527 shares of the company’s stock, valued at $5,997,865.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,777 shares of company stock valued at $1,830,919. Insiders own 18.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UPST. JPMorgan Chase & Co. cut their target price on shares of Upstart from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 14th. Mizuho lifted their target price on shares of Upstart from $19.00 to $23.00 and gave the company an “underperform” rating in a research note on Thursday, January 18th. Bank of America began coverage on shares of Upstart in a research note on Thursday, April 4th. They set an “underperform” rating and a $22.00 target price on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $28.00 target price on shares of Upstart in a research note on Tuesday, March 19th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Upstart in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Upstart presently has an average rating of “Hold” and a consensus price target of $26.00.

Upstart Price Performance

NASDAQ:UPST opened at $22.94 on Wednesday. Upstart Holdings, Inc. has a one year low of $11.93 and a one year high of $72.58. The company’s 50-day simple moving average is $25.16 and its 200 day simple moving average is $29.50.

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

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.