Dimensional Fund Advisors LP Has $1.05 Million Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Dimensional Fund Advisors LP reduced its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 32.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,067 shares of the company’s stock after selling 8,188 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Upstart were worth $1,051,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in Upstart by 3.1% in the fourth quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock valued at $339,000 after buying an additional 167 shares during the period. Farther Finance Advisors LLC lifted its stake in Upstart by 24.2% in the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after buying an additional 172 shares during the period. Bailard Inc. lifted its stake in Upstart by 0.5% in the fourth quarter. Bailard Inc. now owns 38,759 shares of the company’s stock valued at $2,386,000 after buying an additional 212 shares during the period. KBC Group NV lifted its stake in Upstart by 17.8% in the fourth quarter. KBC Group NV now owns 3,088 shares of the company’s stock valued at $190,000 after buying an additional 467 shares during the period. Finally, Blue Trust Inc. lifted its stake in Upstart by 49.1% in the fourth quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock valued at $91,000 after buying an additional 486 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Upstart Trading Down 7.7%

UPST stock opened at $47.39 on Friday. The firm has a market capitalization of $4.51 billion, a PE ratio of -32.46 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 business’s 50 day simple moving average is $46.07 and its 200 day simple moving average is $60.28.

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

Wall Street Analysts Forecast Growth

UPST has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on Upstart from $15.00 to $16.50 and gave the stock a “sell” rating in a research report on Thursday, May 8th. Citigroup raised their price target on Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. 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. Finally, Needham & Company LLC dropped their price target on Upstart from $108.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.81.

Insider Buying and Selling at Upstart

In other news, CEO Dave Girouard sold 4,524 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total transaction of $357,441.24. Following the sale, the chief executive officer now directly owns 52,614 shares of the company’s stock, valued at approximately $4,157,032.14. This represents a 7.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sanjay Datta sold 16,070 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $1,269,851.40. Following the sale, the chief financial officer now owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,395 shares of company stock valued at $2,638,828 in the last ninety days. 16.67% of the stock is currently owned by corporate insiders.

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.