Atria Wealth Solutions Inc. Has $1.17 Million Stake in Upstart Holdings, Inc. (NASDAQ:UPST)

Atria Wealth Solutions Inc. raised its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 186.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,009 shares of the company’s stock after purchasing an additional 12,378 shares during the period. Atria Wealth Solutions Inc.’s holdings in Upstart were worth $1,170,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Upstart in the 3rd quarter worth approximately $35,000. BNP Paribas purchased a new position in shares of Upstart in the 3rd quarter worth approximately $37,000. Hollencrest Capital Management purchased a new position in shares of Upstart in the 3rd quarter worth approximately $40,000. Blue Trust Inc. boosted its stake in shares of Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after buying an additional 550 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in shares of Upstart in the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on UPST shares. B. Riley upgraded Upstart from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $105.00 in a research note on Wednesday, February 12th. Citigroup upped their price objective on Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $57.00 to $79.00 in a research note on Wednesday, February 12th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group upped their price objective on Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $73.38.

Upstart Price Performance

Shares of UPST stock opened at $70.50 on Tuesday. The company’s fifty day simple moving average is $68.09 and its two-hundred day simple moving average is $57.79. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $96.43. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of -48.29 and a beta of 2.25.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. Equities research analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Insider Transactions at Upstart

In other news, Director Kerry Whorton Cooper sold 500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $74.59, for a total value of $37,295.00. Following the transaction, the director now owns 17,961 shares of the company’s stock, valued at approximately $1,339,710.99. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Natalia Mirgorodskaya sold 794 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value 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. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,181 shares of company stock valued at $11,664,466. 18.06% of the stock is currently owned by company 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.