EAM Investors LLC Makes New $5.27 Million Investment in Upstart Holdings, Inc. (NASDAQ:UPST)

EAM Investors LLC bought a new stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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 portfolio, making the stock its 25th biggest holding. EAM Investors LLC owned 0.09% of Upstart as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in Upstart by 886.0% during the fourth quarter. Invesco Ltd. now owns 709,684 shares of the company's stock worth $43,695,000 after buying an additional 637,706 shares in the last quarter. Norges Bank acquired a new stake in shares of Upstart during the 4th quarter valued at approximately $25,158,000. Vanguard Group Inc. boosted its stake in shares of Upstart by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 7,793,452 shares of the company's stock worth $479,843,000 after acquiring an additional 369,640 shares in the last quarter. Tidal Investments LLC increased its stake in Upstart by 1,413.7% in the 3rd quarter. Tidal Investments LLC now owns 333,463 shares of the company's stock valued at $13,342,000 after purchasing an additional 311,434 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Upstart by 28.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,379,900 shares of the company's stock worth $84,960,000 after purchasing an additional 308,200 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Upstart

In other Upstart news, CTO Paul Gu sold 12,007 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $948,793.14. Following the sale, the chief technology officer now directly owns 1,006,599 shares in the company, valued at approximately $79,541,452.98. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dave Girouard sold 4,524 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.01, for a total transaction of $357,441.24. Following the transaction, the chief executive officer now owns 52,614 shares of the company's stock, valued at approximately $4,157,032.14. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,395 shares of company stock valued at $2,638,828. Company insiders own 18.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of Upstart from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $57.00 to $79.00 in a research note on Wednesday, February 12th. Piper Sandler reissued an "overweight" rating and issued a $105.00 price target (up from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. Citigroup upped their price objective on Upstart from $87.00 to $108.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Needham & Company LLC raised their price target on shares of Upstart from $100.00 to $108.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Finally, Barclays decreased their target price on Upstart from $93.00 to $42.00 and set an "equal weight" rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $69.46.

Upstart Trading Up 3.8 %

NASDAQ UPST traded up $1.50 during trading hours on Friday, reaching $40.92. The company's stock had a trading volume of 2,926,619 shares, compared to its average volume of 6,555,232. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $96.43. The stock has a market cap of $3.83 billion, a PE ratio of -28.03 and a beta of 2.39. The business has a 50-day simple moving average of $54.50 and a 200 day simple moving average of $60.26.

Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, topping 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%. As a group, equities analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

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.