On September 30, 2023, AE Wealth Management LLC announced a reduction in its position of shares of Upstart Holdings, Inc. by 22.8% during the second quarter. This information was disclosed in the company’s most recent filing with the Securities and Exchange Commission (SEC). After selling 4,867 shares during this period, AE Wealth Management LLC now owns 16,510 shares of Upstart’s stock. The total value of their holdings amounted to $591,000 at the end of the second quarter.
Upstart Holdings, Inc. recently released its quarterly earnings results on August 8th. The company reported earnings per share (EPS) of ($0.34) for the quarter, surpassing analysts’ consensus estimates of ($0.49) by $0.15. Additionally, Upstart generated revenue of $135.77 million during the same period, which exceeded analyst expectations of $133.91 million.
Despite these positive results, Upstart still faces challenges as it recorded a negative net margin of 49.54% and a negative return on equity of 38.15%. Moving forward, equities research analysts predict that Upstart Holdings, Inc.’s earnings per share for the current fiscal year will be -2.41.
Several research analysts have recently commented on Upstart’s stock performance and provided their price targets for it. Barclays raised their price target from $17.00 to $31.00 and assigned an “equal weight” rating to the company in their report published on August 14th. Needham & Company LLC initiated coverage on Upstart with a “hold” rating on Monday as well.
On August 22nd, JPMorgan Chase & Co also raised their price target from $23.00 to $28.00 but gave Upstart an “underweight” rating based on their evaluation. Compass Point followed suit on August 23rd, raising their price target from $8.00 to $9.00 and assigning a “sell” rating to the company. Lastly, B. Riley decreased their price target from $49.00 to $36.00 and classified the stock as “neutral” in a report published on September 21st.
Overall, Upstart Holdings, Inc. is rated as a “Hold” with an average price target of $25.92 by Bloomberg.com based on current analysis. It is important for investors to consider these ratings and price targets when evaluating the potential of Upstart in their investment portfolios.
Upstart Holdings, Inc.
Updated on: 04/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
7:00 AM (UTC)
Date:04 December, 2023
|Analyst / firm||Rating|
Loop Capital Markets
BOCOM International Holdings Company
Insight into Hedge Fund and Insider Activities at Upstart Holdings Inc.
On September 30, 2023, several hedge funds and institutional investors were observed buying and selling shares of Upstart, a financial technology company. WMG Financial Advisors LLC increased its stake in Upstart by 0.9% during the first quarter, acquiring an additional 760 shares worth $1,311,000. Tradition Wealth Management LLC saw a remarkable growth in their position in Upstart, with an increase of 981.6% during the same period, accumulating 3,465 shares valued at $61,000. Raymond James Financial Services Advisors Inc. also experienced an upward trajectory in their investments with a 32.8% rise in holdings during the first quarter, now owning 37,514 shares worth $596,000.
Additionally, Valeo Financial Advisors LLC showed notable growth in their interest in Upstart by increasing their stake by 10.2% during the first quarter and acquiring an additional 1,310 shares valued at $226,000. Resources Management Corp CT ADV exhibited an astonishing surge of 626,600.0% in their holdings of Upstart during the same period by purchasing an extra 31,330 shares worth $1,171,000.
It is noteworthy that approximately 42.50% of Upstart’s stock is owned by hedge funds and other institutional investors.
In regards to recent insider activities within Upstart Holdings Inc., Natalia Mirgorodskaya sold 1,421 shares of Upstart stock on August 24th at an average price of $33 per share for a total value of $46,893. Following this transaction,the insider now possesses a total of 37,318 shares valued at $1,231494.The filling was disclosed through the SEC website.
Moreover,on September 6th,the Chief Technology Officer,Cto Paul Gu sold five thousand stocks from the companies possession.He made record sales amounting to $175100 dollars selling each stock at $35.02.Following the sale transaction,the Cto currently possessing a total shares of 867,576 shares costing a valuation of $30,382,511.52.
Furthermore,the disclosure of the filling can be accessed on SEC website.In addition to this Natalia Mirgorodskaya went ahead to sell another 1,421 shares on August 24th for an average value of $33 per shares gaining a sum nearing $46,893 keeping her direct ownership of company’s whopping shares valued at approximately $1,231,494 over all transactions.
Over the past 90 days, insiders have sold a total of 82,263 shares with an approximate worth of $2,727,811.Currently18.45%of the company is owned by its own insiders.
Considering recent developments and activities within Upstart Holdings Inc., it is advisable for potential investors and market enthusiasts to review our latest research report on UPST for better understanding and informed decision making.
On Friday NASDAQ:UPST opened at $27.59.Stating that the company has a fifty day simple moving average of $38.86 and with its 200 day simple moving average being at $29.83 makes it more intriguing to potential investors.The market cap stands at an astounding value of $2.31 billion.One should also reflect on the PE ratio which currently stands atop -8.41.Additionally with beta results claiming 1.99.
The record prices indicate that UPST failed tumbling down its lowest point in span of twelve months by standing at price value of $11.93.Following this debacle comes their highest point in twelve month valuing up to 72.58 dollars