Deutsche Bank AG Has $5.39 Million Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Deutsche Bank AG grew its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,590 shares of the company’s stock after buying an additional 916 shares during the period. Deutsche Bank AG’s holdings in Upstart were worth $5,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UPST. Rakuten Securities Inc. acquired a new position in shares of Upstart in the fourth quarter valued at about $31,000. Farther Finance Advisors LLC boosted its holdings in Upstart by 24.2% in the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after purchasing an additional 172 shares during the period. Blue Trust Inc. grew its position in shares of Upstart by 49.1% during the 4th quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock worth $91,000 after purchasing an additional 486 shares in the last quarter. R Squared Ltd bought a new position in shares of Upstart during the fourth quarter worth approximately $96,000. Finally, Ancora Advisors LLC raised its position in shares of Upstart by 31.3% in the fourth quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock valued at $97,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Trading Up 1.5%

UPST opened at $48.08 on Monday. The company has a market cap of $4.57 billion, a P/E ratio of -32.93 and a beta of 2.39. The company’s 50 day moving average is $46.10 and its 200-day moving average is $60.41. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $96.43.

Upstart (NASDAQ:UPST) last issued its 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 for the quarter, compared to analyst estimates of $201.08 million. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. The company’s quarterly revenue was up 67.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.31) earnings per share. On average, equities analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Insider Activity

In other news, CEO Dave Girouard sold 4,524 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.01, for a total transaction of $357,441.24. Following the completion of the transaction, the chief executive officer now owns 52,614 shares of the company’s stock, valued at approximately $4,157,032.14. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 sale, the insider now owns 21,985 shares of the company’s stock, valued at $1,737,254.70. The trade was a 3.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,395 shares of company stock worth $2,638,828. Insiders own 16.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UPST shares. Bank of America upgraded Upstart from an “underperform” rating to a “neutral” rating and set a $53.00 price target for the company in a research note on Tuesday, April 29th. Piper Sandler reduced their target price on Upstart from $105.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. Barclays raised their price target on Upstart from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. The Goldman Sachs Group upped their price objective on shares of Upstart from $15.00 to $16.50 and gave the stock a “sell” rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC decreased their target price on shares of Upstart from $108.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $63.81.

About Upstart

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.