Upstart Holdings, Inc. $UPST Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 24.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,059 shares of the company’s stock after acquiring an additional 4,548 shares during the quarter. Apollon Wealth Management LLC’s holdings in Upstart were worth $1,491,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UPST. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Upstart in the fourth quarter worth $284,000. GAMMA Investing LLC raised its holdings in shares of Upstart by 23.3% in the first 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. SG Americas Securities LLC acquired a new position in shares of Upstart in the first quarter worth $1,639,000. Rakuten Securities Inc. raised its holdings in shares of Upstart by 482.3% in the first quarter. Rakuten Securities Inc. now owns 2,888 shares of the company’s stock worth $133,000 after acquiring an additional 2,392 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its holdings in shares of Upstart by 20.5% in the first quarter. TCI Wealth Advisors Inc. now owns 37,590 shares of the company’s stock worth $1,730,000 after acquiring an additional 6,395 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Upstart

In other news, Director Kerry Whorton Cooper sold 500 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total value of $34,605.00. Following the completion of the sale, the director owned 25,434 shares of the company’s stock, valued at $1,760,287.14. This represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,439 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total value of $99,593.19. Following the completion of the sale, the insider directly owned 21,081 shares of the company’s stock, valued at $1,459,016.01. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,214 shares of company stock valued at $6,803,558 over the last three months. Insiders own 16.67% of the company’s stock.

Upstart Price Performance

Shares of NASDAQ:UPST opened at $49.60 on Tuesday. The firm has a market capitalization of $4.77 billion, a PE ratio of -620.00 and a beta of 2.28. The business has a 50-day moving average of $63.20 and a two-hundred day moving average of $58.90. Upstart Holdings, Inc. has a 12 month low of $31.40 and a 12 month high of $96.43.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.27 by $0.09. The company had revenue of $257.29 million during the quarter, compared to analyst estimates of $225.35 million. Upstart had a negative return on equity of 5.95% and a negative net margin of 0.75%.The firm’s revenue was up 101.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.17) earnings per share. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UPST. The Goldman Sachs Group cut their price target on Upstart from $78.00 to $54.00 and set a “sell” rating for the company in a report on Monday. Morgan Stanley reiterated an “equal weight” rating on shares of Upstart in a research note on Wednesday, August 6th. Piper Sandler upped their target price on Upstart from $75.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Bank of America dropped their target price on Upstart from $88.00 to $87.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Upstart in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $79.67.

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.