95,554 Shares in Upstart Holdings, Inc. $UPST Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 95,554 Upstart shares worth approximately $3.4 million, giving it about a 0.10% stake. Institutional investors and hedge funds collectively own 63.01% of the company.
• Analyst sentiment remains mixed: Upstart has an overall “Hold” rating with an average price target of $44.40, despite several Buy ratings and targets ranging from $43 to $61.
• Upstart’s latest quarterly revenue rose 41.9% year over year to $364.71 million, beating estimates, but earnings per share of $0.16 fell short of expectations. The stock opened at $30.47, while insiders have sold shares worth roughly $1.4 million over the past three months.

Deutsche Bank AG acquired a new stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 95,554 shares of the company's stock, valued at approximately $3,385,000. Deutsche Bank AG owned about 0.10% of Upstart at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in shares of Upstart by 154.6% in the 4th quarter. Morgan Stanley now owns 4,206,615 shares of the company's stock valued at $183,955,000 after purchasing an additional 2,554,591 shares in the last quarter. Norges Bank acquired a new position in shares of Upstart during the 4th quarter worth $49,915,000. Halter Ferguson Financial Inc. raised its holdings in shares of Upstart by 253.3% during the 1st quarter. Halter Ferguson Financial Inc. now owns 1,467,360 shares of the company's stock worth $37,638,000 after buying an additional 1,052,039 shares in the last quarter. Azora Capital LP bought a new stake in shares of Upstart during the 4th quarter worth $38,580,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Upstart by 267.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company's stock worth $26,234,000 after buying an additional 744,190 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup decreased their target price on Upstart from $80.00 to $61.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. Piper Sandler increased their target price on shares of Upstart from $46.00 to $51.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. B. Riley Financial reduced their price target on shares of Upstart from $66.00 to $54.00 and set a "buy" rating on the stock in a research note on Wednesday, May 6th. Jefferies Financial Group reaffirmed a "hold" rating and set a $30.00 price target on shares of Upstart in a report on Tuesday, June 9th. Finally, BTIG Research reiterated a "buy" rating and set a $43.00 price objective on shares of Upstart in a research report on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Upstart currently has an average rating of "Hold" and an average target price of $44.40.

Upstart Trading Down 0.4%

Upstart stock opened at $30.47 on Thursday. The stock has a 50-day moving average price of $30.83 and a two-hundred day moving average price of $30.09. Upstart Holdings, Inc. has a 12 month low of $23.97 and a 12 month high of $76.95. The company has a market capitalization of $2.97 billion, a PE ratio of 62.18, a P/E/G ratio of 1.08 and a beta of 2.29.

Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The firm had revenue of $364.71 million for the quarter, compared to the consensus estimate of $354.74 million. During the same quarter last year, the firm posted $0.36 earnings per share. The business's revenue for the quarter was up 41.9% on a year-over-year basis. As a group, analysts predict that Upstart Holdings, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Upstart news, insider Sanjay Datta sold 8,945 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $28.09, for a total transaction of $251,265.05. Following the sale, the insider directly owned 292,578 shares of the company's stock, valued at $8,218,516.02. The trade was a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrea Blankmeyer sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $29.33, for a total transaction of $87,990.00. Following the completion of the transaction, the chief financial officer owned 152,208 shares of the company's stock, valued at approximately $4,464,260.64. This trade represents a 1.93% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 46,739 shares of company stock worth $1,396,813 over the last three months. Insiders own 17.29% of the company's stock.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source