GSA Capital Partners LLP Invests $687,000 in Upstart Holdings, Inc. (NASDAQ:UPST)

GSA Capital Partners LLP acquired a new stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,927 shares of the company's stock, valued at approximately $687,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC acquired a new position in Upstart during the fourth quarter valued at approximately $32,000. Mackenzie Financial Corp bought a new position in Upstart in the 4th quarter worth $62,000. GAMMA Investing LLC lifted its position in Upstart by 23.3% during the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company's stock worth $77,000 after acquiring an additional 314 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Upstart by 71.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 2,010 shares of the company's stock worth $93,000 after acquiring an additional 836 shares during the last quarter. Finally, Ancora Advisors LLC boosted its holdings in Upstart by 31.3% during the fourth quarter. Ancora Advisors LLC now owns 1,575 shares of the company's stock valued at $97,000 after acquiring an additional 375 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 topic of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price objective on shares of Upstart in a research note on Monday, May 19th. Piper Sandler raised Upstart to an "overweight" rating and set a $75.00 price target on the stock in a research report on Tuesday, June 24th. Barclays increased their price objective on Upstart from $42.00 to $47.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. The Goldman Sachs Group raised shares of Upstart to a "sell" rating and set a $71.00 target price on the stock in a research report on Monday, July 14th. Finally, Bank of America raised shares of Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 price target for the company in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Upstart currently has a consensus rating of "Hold" and a consensus target price of $71.62.

Upstart Stock Down 3.1%

NASDAQ UPST opened at $79.22 on Friday. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $96.43. The stock has a market cap of $7.54 billion, a P/E ratio of -105.63 and a beta of 2.38. The company's 50-day simple moving average is $66.02 and its 200 day simple moving average is $58.80.

Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.11. The company had revenue of $213.37 million for the quarter, compared to analyst estimates of $201.08 million. Upstart had a negative return on equity of 15.27% and a negative net margin of 9.20%. The company's revenue was up 67.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.31) EPS. Research analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Insider Buying and Selling at Upstart

In other Upstart news, CEO Dave Girouard sold 41,667 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $75.07, for a total value of $3,127,941.69. Following the transaction, the chief executive officer directly owned 52,614 shares in the company, valued at $3,949,732.98. The trade was a 44.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalia Mirgorodskaya sold 6,533 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $70.06, for a total transaction of $457,701.98. Following the sale, the insider directly owned 24,623 shares in the company, valued at $1,725,087.38. This represents a 20.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 151,650 shares of company stock valued at $9,665,841. 16.67% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding UPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Upstart Holdings, Inc. (NASDAQ:UPST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.