Nisa Investment Advisors LLC Acquires 19,313 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Nisa Investment Advisors LLC boosted its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 805.7% during the fourth quarter, Holdings Channel reports. The fund owned 21,710 shares of the company’s stock after acquiring an additional 19,313 shares during the period. Nisa Investment Advisors LLC’s holdings in Upstart were worth $887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC bought a new position in Upstart in the 1st quarter worth approximately $45,000. IFP Advisors Inc raised its position in shares of Upstart by 4,153.3% during the second quarter. IFP Advisors Inc now owns 638 shares of the company’s stock worth $26,000 after acquiring an additional 623 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Upstart during the second quarter worth $26,000. Comerica Bank acquired a new position in shares of Upstart during the third quarter valued at $27,000. Finally, Covestor Ltd boosted its holdings in Upstart by 3,345.2% in the first quarter. Covestor Ltd now owns 1,068 shares of the company’s stock valued at $117,000 after acquiring an additional 1,037 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

UPST has been the topic of several recent research reports. Piper Sandler reaffirmed a “neutral” rating and issued a $28.00 target price on shares of Upstart in a research note on Tuesday, March 19th. Mizuho increased their price objective on shares of Upstart from $19.00 to $23.00 and gave the company an “underperform” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. lowered their target price on shares of Upstart from $26.00 to $24.00 and set an “underweight” rating for the company in a report on Wednesday, February 14th. Finally, 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 for the company. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Upstart currently has a consensus rating of “Hold” and an average target price of $26.00.

Insider Buying and Selling

In other news, insider Scott Darling sold 1,298 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was 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 in the company, valued at $5,997,865.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Upstart news, CTO Paul Gu sold 60,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $26.31, for a total value of $1,578,600.00. Following the completion of the sale, the chief technology officer now directly owns 893,596 shares in the company, valued at $23,510,510.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Darling sold 1,298 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $35.38, for a total value of $45,923.24. Following the completion of 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. Insiders sold a total of 69,777 shares of company stock worth $1,864,629 in the last three months. 18.06% of the stock is owned by corporate insiders.

Upstart Stock Performance

Shares of UPST stock opened at $21.94 on Tuesday. Upstart Holdings, Inc. has a 12-month low of $11.93 and a 12-month high of $72.58. The firm has a 50 day moving average price of $26.52 and a two-hundred day moving average price of $29.71.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, February 13th. The company reported ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.05. Upstart had a negative return on equity of 35.47% and a negative net margin of 46.76%. The company had revenue of $140.31 million during the quarter, compared to the consensus estimate of $135.28 million. As a group, equities analysts anticipate that Upstart Holdings, Inc. will post -2.19 EPS for the current year.

Upstart 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.