Symmetry Partners LLC Invests $314,000 in Upstart Holdings, Inc. (NASDAQ:UPST)

Symmetry Partners LLC acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,100 shares of the company’s stock, valued at approximately $314,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in Upstart by 3.1% during the fourth quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock valued at $339,000 after purchasing an additional 167 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Upstart by 24.2% during the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock worth $54,000 after purchasing an additional 172 shares during the period. Bailard Inc. increased its stake in shares of Upstart by 0.5% during the fourth quarter. Bailard Inc. now owns 38,759 shares of the company’s stock worth $2,386,000 after purchasing an additional 212 shares during the period. GAMMA Investing LLC increased its stake in Upstart by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after acquiring an additional 224 shares during the period. Finally, Orion Capital Management LLC increased its stake in Upstart by 5.1% during the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after acquiring an additional 270 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Upstart Price Performance

Upstart stock opened at $51.00 on Thursday. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $96.43. The business has a fifty day moving average price of $64.39 and a 200-day moving average price of $59.58. The firm has a market capitalization of $4.78 billion, a P/E ratio of -34.93 and a beta of 2.25.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. Sell-side analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UPST. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and lifted their price target for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Wedbush upped their price target on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and upped their price target for the company from $57.00 to $79.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group upped their target price on Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a research report on Wednesday, February 12th. Finally, Bank of America upped their price target on Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Upstart has a consensus rating of “Hold” and an average target price of $73.38.

Insider Buying and Selling

In other news, CFO Sanjay Datta sold 16,070 shares of Upstart stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $1,269,851.40. Following the transaction, the chief financial officer now owns 295,537 shares in the company, valued at approximately $23,353,333.74. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Natalia Mirgorodskaya sold 794 shares of Upstart stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $62,741.88. Following the completion of the transaction, the insider now owns 21,985 shares in the company, valued at approximately $1,737,254.70. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,062 shares of company stock worth $5,247,182. Corporate insiders own 18.06% 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.