Quantinno Capital Management LP grew its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST – Free Report) by 30.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 103,860 shares of the company’s stock after purchasing an additional 24,492 shares during the quarter. Quantinno Capital Management LP’s holdings in Upstart were worth $2,664,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of UPST. Bayforest Capital Ltd acquired a new stake in Upstart during the fourth quarter worth approximately $25,000. Quarry LP raised its holdings in Upstart by 749.2% in the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after acquiring an additional 442 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Upstart by 132.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after acquiring an additional 439 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Upstart during the 4th quarter worth $40,000. Finally, Bogart Wealth LLC purchased a new position in shares of Upstart during the 4th quarter worth $44,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.
Upstart Stock Performance
Shares of Upstart stock opened at $31.09 on Monday. The business’s fifty day moving average price is $31.19 and its 200 day moving average price is $31.20. Upstart Holdings, Inc. has a twelve month low of $23.97 and a twelve month high of $76.95. The stock has a market capitalization of $3.03 billion, a P/E ratio of 63.45, a PEG ratio of 0.85 and a beta of 2.29.
Analyst Ratings Changes
Several research firms recently commented on UPST. Wall Street Zen upgraded Upstart from a “sell” rating to a “hold” rating in a research note on Saturday. Mizuho set a $45.00 price objective on shares of Upstart in a research note on Friday, May 8th. The Goldman Sachs Group increased their price objective on shares of Upstart from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Truist Financial set a $40.00 target price on shares of Upstart in a report on Wednesday, May 6th. Finally, Citigroup dropped their price target on shares of Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Upstart currently has a consensus rating of “Hold” and a consensus price target of $44.40.
Get Our Latest Research Report on Upstart
Insider Buying and Selling at Upstart
In related news, CFO Andrea Blankmeyer sold 7,044 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $29.63, for a total value of $208,713.72. Following the transaction, the chief financial officer owned 162,383 shares in the company, valued at approximately $4,811,408.29. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Paul Gu purchased 50,000 shares of Upstart stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $27.50 per share, for a total transaction of $1,375,000.00. Following the completion of the transaction, the chief executive officer owned 70,000 shares of the company’s stock, valued at $1,925,000. This represents a 250.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 33,346 shares of company stock worth $991,672 in the last quarter. Company insiders own 17.29% of the company’s stock.
Upstart 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.
Recommended Stories
- Five stocks we like better than Upstart
- Albemarle’s Blowout Quarter Shows Why Lithium Still Matters
- Can DICK’S Turn Foot Locker Into a Winner?
- Why Dutch Bros Plunged Despite a Q2 Earnings Beat and Record Revenue
- Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War
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).
Receive News & Ratings for Upstart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upstart and related companies with MarketBeat.com's FREE daily email newsletter.
