Geode Capital Management LLC boosted its holdings in Upstart Holdings, Inc. (NASDAQ:UPST – Free Report) by 1.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,068,515 shares of the company’s stock after acquiring an additional 26,734 shares during the period. Geode Capital Management LLC’s holdings in Upstart were worth $90,469,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in UPST. AQR Capital Management LLC grew its stake in shares of Upstart by 89.5% during the 1st quarter. AQR Capital Management LLC now owns 96,706 shares of the company’s stock valued at $4,451,000 after purchasing an additional 45,664 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Upstart by 13.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,628 shares of the company’s stock valued at $213,000 after purchasing an additional 563 shares during the period. NewEdge Advisors LLC grew its stake in shares of Upstart by 20.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock valued at $92,000 after purchasing an additional 333 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Upstart by 18.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,017 shares of the company’s stock valued at $7,964,000 after purchasing an additional 27,287 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Upstart during the 1st quarter valued at about $208,000. 63.01% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
UPST has been the subject of a number of recent research reports. Mizuho set a $45.00 price target on Upstart in a research note on Friday, May 8th. Citizens Jmp restated a “market underperform” rating and set a $20.00 price target on shares of Upstart in a research note on Friday, February 13th. B. Riley Financial cut their price target on Upstart from $66.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Needham & Company LLC cut their price target on Upstart from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, Morgan Stanley set a $35.00 price target on Upstart in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $45.79.
Insiders Place Their Bets
In other Upstart news, Director Dave Girouard purchased 170,240 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was acquired at an average cost of $29.37 per share, for a total transaction of $4,999,948.80. Following the purchase, the director directly owned 8,512,941 shares of the company’s stock, valued at $250,025,077.17. This trade represents a 2.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Natalia Mirgorodskaya sold 974 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $28.99, for a total value of $28,236.26. Following the completion of the transaction, the insider owned 37,374 shares of the company’s stock, valued at $1,083,472.26. The trade was a 2.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,346 shares of company stock worth $535,522 over the last ninety days. 17.29% of the stock is owned by company insiders.
Trending Headlines about Upstart
Here are the key news stories impacting Upstart this week:
- Negative Sentiment: A federal securities class action has been filed against Upstart and certain officers, alleging violations of U.S. securities laws and investor harm. Pomerantz Law Firm Announces the Filing of a Class Action Against Upstart Holdings, Inc. and Certain Officers – UPST
- Negative Sentiment: Several firms, including Rosen, Bragar Eagel & Squire, Faruqi & Faruqi, and the Schall Law Firm, are actively soliciting affected investors ahead of the June 8 deadline, reinforcing legal uncertainty around the stock. UPST IMPORTANT DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Upstart Holdings, Inc. Investors to Secure Counsel Before Important June 8 Deadline in Securities Class Action – UPST
- Negative Sentiment: Additional “investor action” notices from law firms may keep attention on alleged flaws in Upstart’s disclosures and model oversight, which can weigh on sentiment. UPST INVESTOR ACTION: Faruqi & Faruqi, LLP Reminds Upstart (UPST) Investors of Securities Class Action Deadline on June 8, 2026
Upstart Price Performance
UPST stock opened at $29.74 on Monday. Upstart Holdings, Inc. has a 1-year low of $23.97 and a 1-year high of $87.30. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 78.26, a PEG ratio of 0.80 and a beta of 2.26. The business has a 50 day simple moving average of $29.70 and a two-hundred day simple moving average of $35.83.
Upstart (NASDAQ:UPST – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.46). Upstart had a return on equity of 5.63% and a net margin of 4.34%.The business had revenue of $308.21 million during the quarter, compared to the consensus estimate of $301.30 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was up 44.3% compared to the same quarter last year. Sell-side analysts anticipate that Upstart Holdings, Inc. will post 0.92 EPS for the current fiscal year.
Upstart announced that its Board of Directors has initiated a stock buyback program on Thursday, February 19th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Upstart Company Profile
Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.
Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.
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