TCI Wealth Advisors Inc. Boosts Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

TCI Wealth Advisors Inc. lifted its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,883 shares of the company’s stock after purchasing an additional 3,091 shares during the period. TCI Wealth Advisors Inc.’s holdings in Upstart were worth $1,384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in Upstart in the fourth quarter valued at $25,000. CWM LLC increased its holdings in shares of Upstart by 56.5% in the 3rd 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 last quarter. Strs Ohio acquired a new stake in shares of Upstart during the 4th quarter worth about $57,000. DekaBank Deutsche Girozentrale purchased a new stake in Upstart during the third quarter worth approximately $51,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Upstart in the fourth quarter valued at approximately $76,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $33.84, for a total transaction of $33,840.00. Following the completion of the sale, the chief financial officer now owns 354,090 shares in the company, valued at approximately $11,982,405.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Upstart news, CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $33.84, for a total value of $33,840.00. Following the completion of the sale, the chief financial officer now directly owns 354,090 shares of the company’s stock, valued at approximately $11,982,405.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalia Mirgorodskaya sold 2,500 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $25.48, for a total value of $63,700.00. Following the sale, the insider now owns 29,165 shares in the company, valued at approximately $743,124.20. The disclosure for this sale can be found here. Insiders have sold 66,419 shares of company stock worth $1,750,272 over the last three months. 18.06% of the stock is currently owned by corporate insiders.

Upstart Price Performance

Shares of NASDAQ UPST traded up $0.64 during trading on Friday, hitting $24.15. 4,310,849 shares of the company were exchanged, compared to its average volume of 3,539,413. The firm’s fifty day moving average price is $24.76 and its 200 day moving average price is $29.21. Upstart Holdings, Inc. has a 1 year low of $12.01 and a 1 year high of $72.58. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -8.33 and a beta of 2.01.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data 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. Upstart had a negative return on equity of 35.47% and a negative net margin of 46.76%. The firm had revenue of $140.31 million during the quarter, compared to the consensus estimate of $135.28 million. On average, research analysts forecast that Upstart Holdings, Inc. will post -2.19 earnings per share for the current year.

Wall Street Analyst Weigh In

UPST has been the subject of several research analyst reports. JMP Securities restated a “market perform” rating on shares of Upstart in a report on Wednesday, April 17th. Piper Sandler restated a “neutral” rating and issued a $28.00 price objective on shares of Upstart in a research note on Tuesday, March 19th. Mizuho lifted their target price on Upstart from $19.00 to $23.00 and gave the stock an “underperform” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. decreased their target price on Upstart from $26.00 to $24.00 and set an “underweight” rating for the company in a research report on Wednesday, February 14th. Finally, Bank of America assumed coverage on Upstart in a research report on Thursday, April 4th. They set an “underperform” rating and a $22.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.00.

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.