Aigen Investment Management LP Takes Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Aigen Investment Management LP bought a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) in the fourth quarter, Holdings Channel.com reports. The firm bought 16,234 shares of the company’s stock, valued at approximately $1,000,000.

A number of other hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp raised its position in shares of Upstart by 3.1% in the fourth quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock valued at $339,000 after buying an additional 167 shares during the last quarter. Bailard Inc. raised its position in shares of Upstart by 0.5% in the fourth quarter. Bailard Inc. now owns 38,759 shares of the company’s stock valued at $2,386,000 after buying an additional 212 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Upstart by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock valued at $83,000 after buying an additional 224 shares during the last quarter. Orion Capital Management LLC grew its holdings in shares of Upstart by 5.1% in the third quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock valued at $222,000 after purchasing an additional 270 shares during the period. Finally, KBC Group NV grew its holdings in shares of Upstart by 17.8% in the fourth quarter. KBC Group NV now owns 3,088 shares of the company’s stock valued at $190,000 after purchasing an additional 467 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPST has been the subject of a number of analyst reports. Wedbush upped their price objective on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. The Goldman Sachs Group upped their price objective on shares of Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a report on Wednesday, February 12th. Needham & Company LLC upped their price objective on shares of Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Piper Sandler reissued an “overweight” rating and issued a $105.00 price objective (up previously from $85.00) on shares of Upstart in a report on Wednesday, February 12th. Finally, Bank of America upped their price objective on shares of Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $73.38.

Insider Activity

In related news, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 57,138 shares of the company’s stock, valued at $3,576,838.80. This trade represents a 42.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalia Mirgorodskaya sold 794 shares of the firm’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 sale, the insider now directly owns 21,985 shares in the company, valued at approximately $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 quarter, insiders sold 75,062 shares of company stock valued at $5,247,182. 18.06% of the stock is currently owned by company insiders.

Upstart Price Performance

Shares of UPST stock opened at $59.93 on Thursday. The firm has a market cap of $5.62 billion, a PE ratio of -41.05 and a beta of 2.25. The company has a 50-day moving average of $67.15 and a two-hundred day moving average of $59.01. 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 quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. Sell-side analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal 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.