Stratos Wealth Partners LTD. Buys 619 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Stratos Wealth Partners LTD. boosted its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,805 shares of the company’s stock after purchasing an additional 619 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Upstart were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its position in shares of Upstart by 18.0% during the first quarter. Guggenheim Capital LLC now owns 2,101 shares of the company’s stock worth $229,000 after purchasing an additional 320 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Upstart by 8.7% in the first quarter. Advisors Asset Management Inc. now owns 4,584 shares of the company’s stock worth $500,000 after acquiring an additional 365 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Upstart by 38.6% during the first quarter. Salem Investment Counselors Inc. now owns 1,455 shares of the company’s stock worth $159,000 after acquiring an additional 405 shares during the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of Upstart during the first quarter worth about $45,000. Finally, CWM LLC increased its holdings in shares of Upstart by 56.5% during the third quarter. CWM LLC now owns 1,169 shares of the company’s stock valued at $33,000 after acquiring an additional 422 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Upstart Trading Down 3.8 %

Shares of UPST stock opened at $23.82 on Friday. Upstart Holdings, Inc. has a twelve month low of $11.93 and a twelve month high of $72.58. The stock has a 50 day moving average of $26.72 and a 200 day moving average of $29.73.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.51) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.05. Upstart had a negative net margin of 46.76% and a negative return on equity of 35.47%. The business had revenue of $140.31 million for the quarter, compared to analysts’ expectations of $135.28 million. On average, equities research analysts forecast that Upstart Holdings, Inc. will post -2.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

UPST has been the topic of several research analyst reports. Bank of America initiated coverage on shares of Upstart in a research report on Thursday, April 4th. They set an “underperform” rating and a $22.00 target price on the stock. Mizuho raised their target price on Upstart from $19.00 to $23.00 and gave the stock an “underperform” rating in a research note on Thursday, January 18th. Piper Sandler reiterated a “neutral” rating and set a $28.00 price target on shares of Upstart in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. reduced their price objective on Upstart from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Wednesday, February 14th. Five analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.00.

Insider Buying and Selling at Upstart

In other news, insider Scott Darling sold 1,298 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $35.38, for a total transaction of $45,923.24. Following the sale, the insider now directly owns 169,527 shares of the company’s stock, valued at approximately $5,997,865.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Natalia Mirgorodskaya sold 1,919 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $24.30, for a total transaction of $46,631.70. Following the completion of the transaction, the insider now directly owns 28,246 shares of the company’s stock, valued at approximately $686,377.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott Darling sold 1,298 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $35.38, for a total value of $45,923.24. Following the transaction, the insider now owns 169,527 shares in the company, valued at approximately $5,997,865.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,777 shares of company stock valued at $1,895,669. Corporate insiders own 18.45% of the company’s stock.

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.