Fiducient Advisors LLC Purchases 7,000 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Fiducient Advisors LLC boosted its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 63.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,000 shares of the company’s stock after buying an additional 7,000 shares during the period. Fiducient Advisors LLC’s holdings in Upstart were worth $425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPST. Anfield Capital Management LLC acquired a new stake in shares of Upstart during the 2nd quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Upstart by 80.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock worth $47,000 after buying an additional 778 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Upstart by 259.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock worth $52,000 after buying an additional 1,590 shares in the last quarter. BOCHK Asset Management Ltd bought a new position in shares of Upstart during the 4th quarter worth approximately $61,000. Finally, Comerica Bank grew its position in Upstart by 144.0% in the first quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after acquiring an additional 1,365 shares during the period. Institutional investors own 63.01% of the company’s stock.

Upstart Price Performance

Shares of Upstart stock opened at $34.40 on Friday. The firm has a 50 day simple moving average of $31.76 and a 200 day simple moving average of $27.07. Upstart Holdings, Inc. has a fifty-two week low of $19.84 and a fifty-two week high of $49.62. The firm has a market cap of $3.08 billion, a P/E ratio of -16.70 and a beta of 2.03.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.22. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The company had revenue of $127.63 million during the quarter, compared to analysts’ expectations of $124.55 million. During the same period last year, the firm earned ($0.34) EPS. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts expect that Upstart Holdings, Inc. will post -2.39 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Sanjay Datta sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.80, for a total value of $27,800.00. Following the transaction, the chief financial officer now owns 374,398 shares of the company’s stock, valued at approximately $10,408,264.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Dave Girouard sold 3,361 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $38.35, for a total value of $128,894.35. Following the transaction, the chief executive officer now directly owns 61,512 shares in the company, valued at approximately $2,358,985.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Datta sold 1,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.80, for a total value of $27,800.00. Following the completion of the sale, the chief financial officer now owns 374,398 shares of the company’s stock, valued at approximately $10,408,264.40. The disclosure for this sale can be found here. In the last three months, insiders sold 157,959 shares of company stock valued at $5,938,419. 18.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays lifted their price objective on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Citigroup raised shares of Upstart from a “sell” rating to a “neutral” rating and lifted their price target for the company from $15.00 to $33.00 in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Wedbush reiterated an “underperform” rating and issued a $10.00 target price on shares of Upstart in a research note on Wednesday, August 7th. Finally, BTIG Research started coverage on Upstart in a report on Friday, June 7th. They issued a “sell” rating and a $14.00 target price on the stock. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Upstart has a consensus rating of “Hold” and a consensus target price of $26.75.

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.