Quantinno Capital Management LP Has $4.80 Million Stake in Upstart Holdings, Inc. (NASDAQ:UPST)

Quantinno Capital Management LP lowered its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,023 shares of the company’s stock after selling 921 shares during the quarter. Quantinno Capital Management LP owned 0.09% of Upstart worth $4,804,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Blair William & Co. IL acquired a new stake in shares of Upstart during the fourth quarter worth about $222,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Upstart during the fourth quarter worth about $2,057,000. Vanguard Group Inc. raised its position in shares of Upstart by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 7,793,452 shares of the company’s stock worth $479,843,000 after purchasing an additional 369,640 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Upstart during the fourth quarter worth about $271,000. Finally, Mandatum Life Insurance Co Ltd acquired a new stake in shares of Upstart during the fourth quarter worth about $372,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Stock Up 1.5%

UPST stock opened at $48.08 on Friday. The business has a 50 day moving average price of $46.10 and a two-hundred day moving average price of $60.33. The company has a market cap of $4.57 billion, a price-to-earnings ratio of -32.93 and a beta of 2.39. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $96.43.

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

Insider Buying and Selling at Upstart

In other news, insider Natalia Mirgorodskaya sold 794 shares of Upstart stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $62,741.88. Following the completion of the transaction, the insider now directly owns 21,985 shares in the company, valued at approximately $1,737,254.70. The trade was a 3.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Paul Gu sold 12,007 shares of Upstart stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $948,793.14. Following the transaction, the chief technology officer now owns 1,006,599 shares of the company’s stock, valued at $79,541,452.98. This represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,395 shares of company stock worth $2,638,828 over the last ninety days. 16.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UPST. Bank of America raised Upstart from an “underperform” rating to a “neutral” rating and set a $53.00 price target on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $57.00 to $79.00 in a report on Wednesday, February 12th. Barclays increased their price objective on Upstart from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Morgan Stanley decreased their price objective on Upstart from $70.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group increased their price objective on Upstart from $15.00 to $16.50 and gave the stock a “sell” rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.