Sherbrooke Park Advisers LLC Acquires Shares of 6,701 Upstart Holdings, Inc. (NASDAQ:UPST)

Sherbrooke Park Advisers LLC acquired a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,701 shares of the company’s stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors have also made changes to their positions in UPST. Wealth Enhancement Advisory Services LLC bought a new position in shares of Upstart during the 4th quarter valued at about $313,000. Wealthcare Advisory Partners LLC bought a new position in shares of Upstart during the 4th quarter valued at about $219,000. Merit Financial Group LLC bought a new position in shares of Upstart during the 4th quarter valued at about $271,000. Mandatum Life Insurance Co Ltd bought a new position in shares of Upstart during the 4th quarter valued at about $372,000. Finally, Blue Trust Inc. lifted its holdings in shares of Upstart by 49.1% in the 4th quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock valued at $91,000 after acquiring an additional 486 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Upstart Price Performance

Shares of NASDAQ UPST opened at $48.08 on Friday. The company has a market cap of $4.57 billion, a P/E ratio of -32.93 and a beta of 2.39. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $96.43. The firm has a 50-day simple moving average of $46.10 and a two-hundred day simple moving average of $60.33.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.11. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. The business had revenue of $213.37 million for the quarter, compared to analyst estimates of $201.08 million. During the same period last year, the company posted ($0.31) earnings per share. The company’s quarterly revenue was up 67.0% compared to the same quarter last year. As a group, equities research analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Insider Activity

In other news, insider Natalia Mirgorodskaya sold 794 shares of Upstart stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $62,741.88. Following the completion of the sale, the insider now owns 21,985 shares of the company’s stock, valued at approximately $1,737,254.70. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sanjay Datta sold 16,070 shares of Upstart stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the sale, the chief financial officer now directly owns 295,537 shares of the company’s stock, valued at $23,353,333.74. This represents a 5.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,395 shares of company stock valued at $2,638,828. Corporate insiders own 16.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UPST shares. Citigroup increased their price target on shares of Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Piper Sandler lowered their price target on shares of Upstart from $105.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. Bank of America raised shares of Upstart from an “underperform” rating to a “neutral” rating and set a $53.00 price target for the company in a report on Tuesday, April 29th. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their price target for the company from $49.00 to $105.00 in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group increased their price target on shares of Upstart from $15.00 to $16.50 and gave the company a “sell” rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Upstart presently has a consensus rating of “Hold” and an average price target of $63.81.

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.