EAM Investors LLC Takes $5.27 Million Position in Upstart Holdings, Inc. (NASDAQ:UPST)

EAM Investors LLC purchased a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 85,556 shares of the company’s stock, valued at approximately $5,268,000. Upstart accounts for approximately 0.8% of EAM Investors LLC’s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in Upstart in the fourth quarter worth about $31,000. Farther Finance Advisors LLC raised its holdings in shares of Upstart by 24.2% in the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock worth $54,000 after buying an additional 172 shares during the period. GAMMA Investing LLC lifted its stake in shares of 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 last quarter. Blue Trust Inc. boosted its holdings in Upstart by 49.1% during the 4th quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock valued at $91,000 after acquiring an additional 486 shares during the period. Finally, R Squared Ltd bought a new position in Upstart in the 4th quarter valued at $96,000. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UPST has been the subject of several research analyst reports. Bank of America lifted their target price on Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 12th. Citigroup lifted their price objective on shares of Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Barclays dropped their target price on shares of Upstart from $93.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and raised their target price for the stock from $49.00 to $105.00 in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group boosted their price target on Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $69.46.

Insider Activity at Upstart

In other news, CTO Paul Gu sold 12,007 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $948,793.14. Following the transaction, the chief technology officer now owns 1,006,599 shares in the company, valued at $79,541,452.98. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Natalia Mirgorodskaya sold 794 shares of Upstart stock in a transaction that occurred on Thursday, February 20th. The stock was 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 owns 21,985 shares of the company’s stock, valued at $1,737,254.70. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,395 shares of company stock valued at $2,638,828 over the last 90 days. Insiders own 18.06% of the company’s stock.

Upstart Trading Up 1.2 %

Shares of NASDAQ:UPST opened at $40.45 on Wednesday. The company has a market capitalization of $3.79 billion, a PE ratio of -27.71 and a beta of 2.39. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $96.43. The business’s fifty day simple moving average is $56.22 and its 200-day simple moving average is $60.37.

Upstart (NASDAQ:UPST) last announced its 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 net margin of 20.20% and a negative return on equity of 25.87%. Research analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

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.