Anfield Capital Management LLC Invests $33,000 in Upstart Holdings, Inc. (NASDAQ:UPST)

Anfield Capital Management LLC purchased a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,416 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors also recently modified their holdings of the business. Magnetar Financial LLC grew its stake in Upstart by 1,106.7% during the first quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after acquiring an additional 89,219 shares in the last quarter. Norges Bank bought a new position in shares of Upstart in the fourth quarter worth $19,017,000. Vanguard Group Inc. raised its position in shares of Upstart by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 7,013,918 shares of the company’s stock worth $286,589,000 after buying an additional 157,719 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its stake in Upstart by 273.8% during the second quarter. Baader Bank Aktiengesellschaft now owns 41,115 shares of the company’s stock valued at $969,000 after buying an additional 30,115 shares during the period. Finally, Apollon Wealth Management LLC grew its position in Upstart by 30.4% during the fourth quarter. Apollon Wealth Management LLC now owns 12,590 shares of the company’s stock worth $514,000 after buying an additional 2,938 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Upstart

In other news, insider Scott Darling sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $25.44, for a total transaction of $76,320.00. Following the transaction, the insider now owns 196,993 shares of the company’s stock, valued at approximately $5,011,501.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Upstart news, insider Scott Darling sold 3,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $25.44, for a total value of $76,320.00. Following the sale, the insider now owns 196,993 shares in the company, valued at $5,011,501.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Natalia Mirgorodskaya sold 2,080 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $40.02, for a total transaction of $83,241.60. Following the completion of the sale, the insider now directly owns 22,477 shares of the company’s stock, valued at $899,529.54. The disclosure for this sale can be found here. Insiders have sold a total of 69,205 shares of company stock valued at $2,044,893 over the last 90 days. 18.06% of the stock is owned by corporate insiders.

Upstart Stock Performance

Shares of UPST stock opened at $42.50 on Friday. The company’s fifty day moving average price is $30.33 and its 200-day moving average price is $26.68. Upstart Holdings, Inc. has a one year low of $19.84 and a one year high of $49.62.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.22. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. The firm had revenue of $127.63 million for the quarter, compared to analysts’ expectations of $124.55 million. During the same quarter last year, the business posted ($0.34) earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts predict that Upstart Holdings, Inc. will post -2.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UPST has been the subject of several research analyst reports. BTIG Research assumed coverage on Upstart in a research note on Friday, June 7th. They set a “sell” rating and a $14.00 price target for the company. Barclays increased their price objective on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Needham & Company LLC restated a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Mizuho upgraded shares of Upstart from an “underperform” rating to an “outperform” rating and increased their price target for the stock from $17.00 to $31.00 in a research note on Wednesday, July 31st. Finally, Wedbush restated an “underperform” rating and set a $10.00 price target on shares of Upstart in a report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.75.

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.