Wealthcare Advisory Partners LLC Takes Position in Upstart Holdings, Inc. $UPST

Wealthcare Advisory Partners LLC purchased a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,527 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Upstart by 2.8% during the first quarter. Vanguard Group Inc. now owns 8,014,656 shares of the company’s stock worth $368,915,000 after purchasing an additional 221,204 shares during the last quarter. Invesco Ltd. boosted its holdings in Upstart by 79.0% during the first quarter. Invesco Ltd. now owns 1,270,352 shares of the company’s stock worth $58,474,000 after purchasing an additional 560,668 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in Upstart by 71.5% during the first quarter. Driehaus Capital Management LLC now owns 1,215,237 shares of the company’s stock worth $55,937,000 after purchasing an additional 506,787 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Upstart by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,197,966 shares of the company’s stock worth $55,143,000 after purchasing an additional 44,635 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in Upstart by 27.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 907,581 shares of the company’s stock worth $41,776,000 after purchasing an additional 197,876 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Natalia Mirgorodskaya sold 1,439 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total value of $99,593.19. Following the completion of the sale, the insider owned 21,081 shares of the company’s stock, valued at approximately $1,459,016.01. This represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $64.93, for a total transaction of $2,705,438.31. Following the sale, the chief executive officer owned 52,614 shares of the company’s stock, valued at $3,416,227.02. This represents a 44.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,881 shares of company stock worth $9,931,500 in the last ninety days. 16.67% of the stock is currently owned by insiders.

Upstart Price Performance

UPST stock opened at $48.58 on Friday. Upstart Holdings, Inc. has a one year low of $31.40 and a one year high of $96.43. The stock has a market cap of $4.67 billion, a PE ratio of -607.25 and a beta of 2.28. The firm has a 50 day simple moving average of $63.87 and a two-hundred day simple moving average of $58.78.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. The business had revenue of $257.29 million during the quarter, compared to analysts’ expectations of $225.35 million. During the same quarter in the previous year, the company earned ($0.17) EPS. The business’s quarterly revenue was up 101.6% compared to the same quarter last year. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

UPST has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $82.00 price objective (up previously from $70.00) on shares of Upstart in a research report on Wednesday, August 6th. Bank of America lowered their price objective on shares of Upstart from $88.00 to $87.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. JPMorgan Chase & Co. raised shares of Upstart from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $93.00 to $88.00 in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Upstart in a research report on Wednesday. Finally, The Goldman Sachs Group raised shares of Upstart to a “sell” rating and set a $71.00 price objective on the stock in a research report on Monday, July 14th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Upstart has an average rating of “Hold” and an average price target of $81.08.

Upstart 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.