C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,810 shares of the company’s stock, valued at approximately $235,000.

Other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Upstart in the third quarter valued at approximately $35,000. BNP Paribas acquired a new stake in Upstart in the third quarter valued at approximately $37,000. Hollencrest Capital Management acquired a new stake in Upstart in the third quarter valued at approximately $40,000. Blue Trust Inc. boosted its stake in Upstart by 125.3% in the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after acquiring an additional 550 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Upstart in the third quarter valued at approximately $47,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Upstart

In other Upstart news, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total value of $2,608,354.20. Following the completion of the transaction, the chief executive officer now owns 57,138 shares of the company’s stock, valued at approximately $3,576,838.80. The trade was a 42.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Natalia Mirgorodskaya sold 1,411 shares of Upstart stock in a transaction on Monday, November 25th. The shares were sold at an average price of $77.36, for a total transaction of $109,154.96. Following the completion of the transaction, the insider now directly owns 18,596 shares of the company’s stock, valued at $1,438,586.56. The trade was a 7.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 241,201 shares of company stock worth $17,003,724 over the last three months. Company insiders own 18.06% of the company’s stock.

Upstart Price Performance

NASDAQ UPST opened at $82.42 on Friday. The company has a market capitalization of $7.52 billion, a PE ratio of -42.70 and a beta of 2.25. The company has a fifty day moving average of $68.10 and a 200 day moving average of $55.22. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $96.43.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 30.15% and a negative return on equity of 32.57%. Research analysts expect that Upstart Holdings, Inc. will post -2.18 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on UPST shares. Needham & Company LLC raised their target price on shares of Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush raised their target price 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. Morgan Stanley upgraded shares of Upstart from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $12.00 to $70.00 in a research note on Friday. Bank of America lifted their price objective on shares of Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price objective on shares of Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $68.92.

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.