Versor Investments LP Acquires Shares in Upstart Holdings, Inc. (NASDAQ:UPST)

Versor Investments LP has recently taken a new position in Upstart Holdings, Inc. (NASDAQ:UPST), as indicated in its latest disclosure to the SEC. During the fourth quarter, the institutional investor purchased 10,400 shares of Upstart, amounting to an approximate value of $640,000.

• Upstart’s Momentum is Just Beginning: Now is the Time to Invest

Other large investors have also made changes to their holdings in Upstart recently. For example, GAMMA Investing LLC increased its stake by 19.9% during the fourth quarter and now holds 1,348 shares worth $83,000 after acquiring an additional 224 shares. Similarly, Orion Capital Management LLC raised its holdings by 5.1% during the third quarter, now owning 5,560 shares valued at $222,000 after buying an extra 270 shares. KBC Group NV grew its stake by 17.8% in the fourth quarter, bringing its total to 3,088 shares worth $190,000 after adding 467 shares. In the same period, Blue Trust Inc. saw a significant boost of 49.1% in its holdings, now owning 1,475 shares valued at $91,000. Lastly, Ieq Capital LLC raised its position by 10.9% in the fourth quarter, now holding 7,213 shares worth $444,000 after purchasing an additional 707 shares. Notably, hedge funds and institutional investors currently account for 63.01% of Upstart’s stock.

Recent Insider Trading

In related news, insider Natalia Mirgorodskaya sold 794 shares on February 20, realizing about $62,741.88 from the sale at an average price of $79.02. Following this transaction, she retains 21,985 shares valued at roughly $1,737,254.70, marking a 3.49% decrease in her ownership. This transaction was reported in a filing with the SEC. Additionally, CEO Dave Girouard sold 41,667 shares on January 15, garnering a total of $2,608,354.20 at an average price of $62.60. After this sale, he now owns 57,138 shares valued at $3,576,838.80, which represents a 42.17% reduction in his stake. In total, insiders have sold 167,181 shares valued at $11,664,466 over the past three months. Currently, insiders own 18.06% of Upstart’s stock.

Analysts' Perspectives

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Analysts from several research firms have shared their insights on Upstart. Wedbush raised their price target for Upstart shares from $60.00 to $75.00, maintaining a "neutral" rating as of December 2. The Goldman Sachs Group has also increased its price target from $13.50 to $15.00 and assigned a "sell" rating as per their report on February 12. Meanwhile, BTIG Research upgraded its rating from "sell" to "neutral" on November 11. Furthermore, Bank of America raised its price target from $33.00 to $39.00 while keeping an "underperform" rating in their February 12 report. Additionally, JPMorgan Chase & Co. upgraded Upstart from an "underweight" to a "neutral" rating, lifting their price target from $57.00 to $79.00 in their February 12 analysis. In total, two research analysts have recommended selling, seven have a hold rating, and five have rated the company as a buy. According to MarketBeat, the consensus rating for Upstart is currently labeled as "Hold" with a target price of $73.38.

Performance of Upstart Stock

As of Friday, Upstart's stock opened at $66.67. The company has experienced a 12-month low of $20.60 and a high of $96.43. With a market capitalization of $6.25 billion, it has a P/E ratio of -45.66 and a beta of 2.25. Upstart’s 50-day and 200-day moving averages stand at $67.63 and $58.37, respectively. The latest earnings report, released on February 11, showed that Upstart posted earnings per share (EPS) of ($0.02), exceeding the consensus estimate of ($0.04) by $0.02. The company’s net margin stands at a negative 20.20%, coupled with a negative return on equity of 25.87%. Analysts collectively project that Upstart Holdings, Inc. will report an EPS of -0.03 for the current year.

About Upstart Holdings, Inc.

Upstart Holdings, Inc., along with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform offers various financial products, including personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans. This platform connects consumers seeking loans to banks and credit unions.

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Discover What Other Hedge Funds Hold in UPST - Stay updated with the latest SEC 13F filings and insider trading information regarding Upstart Holdings, Inc. (NASDAQ:UPST).

This analysis was constructed to provide quick and accurate reporting on the recent movements concerning Upstart Holdings, Inc., including its stock performance and changes among major shareholders.

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