Counterpoint Mutual Funds LLC Invests $637,000 in Upstart Holdings, Inc. (NASDAQ:UPST)

Counterpoint Mutual Funds LLC purchased a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,339 shares of the company’s stock, valued at approximately $637,000.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Upstart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock valued at $72,702,000 after purchasing an additional 29,482 shares in the last quarter. Fred Alger Management LLC boosted its position in Upstart by 153.2% in the third quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after buying an additional 754,416 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Upstart by 63.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock worth $29,031,000 after buying an additional 282,481 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Upstart by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 657,118 shares of the company’s stock worth $40,459,000 after buying an additional 14,242 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Upstart by 689.5% in the third quarter. Two Sigma Advisers LP now owns 589,000 shares of the company’s stock valued at $23,566,000 after acquiring an additional 514,400 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UPST. Barclays increased their price target on Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Needham & Company LLC lifted their price target on Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $105.00 in a report on Wednesday, February 12th. Bank of America boosted their target price on shares of Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 12th. Finally, Wedbush increased their price target on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Two investment analysts have 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 data from MarketBeat, Upstart currently has a consensus rating of “Hold” and a consensus price target of $73.38.

Insiders Place Their Bets

In other Upstart news, CEO Dave Girouard sold 4,524 shares of Upstart stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.01, for a total value of $357,441.24. Following the transaction, the chief executive officer now owns 52,614 shares of the company’s stock, valued at approximately $4,157,032.14. The trade was a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Natalia Mirgorodskaya sold 794 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $62,741.88. Following the completion of the transaction, the insider now owns 21,985 shares of the company’s stock, valued at $1,737,254.70. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,062 shares of company stock worth $5,247,182. Company insiders own 18.06% of the company’s stock.

Upstart Stock Up 4.8 %

UPST stock opened at $48.54 on Monday. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $96.43. The company has a market cap of $4.55 billion, a P/E ratio of -33.25 and a beta of 2.25. The business’s fifty day moving average is $65.08 and its 200-day moving average is $59.55.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. Research analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

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.