FORA Capital LLC Makes New Investment in Upstart Holdings, Inc. (NASDAQ:UPST)

FORA Capital LLC acquired a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 5,049 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas bought a new stake in Upstart during the 3rd quarter worth approximately $37,000. Blue Trust Inc. raised its position in shares of Upstart by 125.3% during the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares during the period. Hollencrest Capital Management purchased a new position in shares of Upstart during the 3rd quarter valued at $40,000. Indiana Trust & Investment Management Co bought a new position in Upstart in the 3rd quarter worth $43,000. Finally, Prospera Private Wealth LLC purchased a new stake in Upstart in the 3rd quarter worth $47,000. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UPST. Barclays boosted their price objective on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Wedbush upped their price target on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $30.00 to $45.00 in a research report on Friday, November 8th. Mizuho boosted their target price on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.83.

Insider Activity

In related news, insider Natalia Mirgorodskaya sold 5,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $41.03, for a total transaction of $205,150.00. Following the sale, the insider now owns 22,477 shares in the company, valued at approximately $922,231.31. This represents a 18.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction on Friday, November 8th. The stock was sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the transaction, the chief executive officer now directly owns 61,512 shares of the company’s stock, valued at $4,007,506.80. The trade was a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 502,939 shares of company stock worth $28,887,725. 18.06% of the stock is currently owned by corporate insiders.

Upstart Stock Up 0.5 %

Upstart stock opened at $78.79 on Friday. Upstart Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $86.07. The company has a market cap of $7.19 billion, a price-to-earnings ratio of -40.82 and a beta of 1.97. The firm’s fifty day moving average is $55.46 and its 200 day moving average is $38.53.

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.